What will a Labour Goverment do to my pocket come April 2018 Tax Cuts?

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#1862109 11-Sep-2017 09:12

Wiggum:

tdgeek:

Who paid for the EQ?

EQC Levies built up over many decades

Insurance companies.

I guess you not aware of the AMI insurance company government bailouts then? Something like $1.25bn. Where did that money come from? personally I would rather goverment not bail out insurance companies. But then I guess the eveil Nats would be even more evil. Can't please everyone

Then you forgetting all of the governments reconstruction activity post earthquake. I suppose we could have just left everything all broken to pieces, roads/infrastructure etc.. I have no idea how much its all cost government in the end, but its a huge amount none the less, and its billions of $ which NZ simply did not have. Where should the money have come from?

So all that costs tens and tens of billions? I see many BIG numbers quoted, the vast majority is insurance and EQC

tdgeek:

Helen Clarke had 8 surpluses, thats not new. A fair assumption that there is money to go around? Its AN assumption, when health etc are under resourced.

I can't recall if Helen Clark's government made a single tax cut. I may be wrong, but the 1st of April 2018 will be our third under National.

National gave one when first elected, surprise surprise. It favoured the well off, then they increased GST for everybody. Clarkes Govt got debt to zero and made surpluses every year

tdgeek:

But the new election policies address some of those, finally.....

Definitely not the retiring debt. I was referring to National's election policies. Hence the finally

I find it odd that many of your posts reference comparisons between labour/national and their debt. Yet labour is making no plans in the near future to pay down debt. National is.

Last Labour Govt paid down all debt. Whoever wins this election needs to pay for 9 years of delayed spending, cant have it both ways

tdgeek:

You have been complaining about a few targeted taxes all through this thread, as though Labour is a tax fiend. The mentioning of Nationals 18 tax increases in its term is merely to let you know that tax changes are a part of government.

National has given us a number of tax cuts over the years. 1st April 2018 will be the third. How many did Labour give out the last time they were in office? I recall a similar post of yours where you mentioned many of those "taxes", are not really "taxes". I think you prefered using the term "levies". If I recall correctly income tax was really the only tax. But I suppose they can only be called taxes if the shoe is on nationals foot.

If we can afford tax cuts, then we should have them. It depends of we can afford them or we want to make people happy at election time

tdgeek:

And remember National got in on tax cuts, then surprised everyone by increasing GST after they got elected. As you know, Income Tax and GST is not in the discussion for Labour, so while they should give more clarity or at least direction, the taxes under discussion are targetted taxes, that wont affect everyone, everyday.

I'm looking forward then to a labour Goverment cutting GST. Unfortunately for you they have already said there will be no tax cuts in the near future. Even the 1st April 2018 tax cut will be toast. Therefore I can only assume that labour is fully behind that GST increase too.

What a weird assumption. They stated there is no GST increase, so that tells you there is a GST increase coming?

Explain why your looking forward to a GST decrease when you know there is not one?

Explain "that" GST increase "too" What GST increase?

Wiggum

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#1862111 11-Sep-2017 09:14

Please stop typing in my quotes. I did not type all of that, and your quote makes it look like I have.

I have asked you to refrain from doing this already. Thank You

tdgeek

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#1862126 11-Sep-2017 09:27

Wiggum:

Please stop typing in my quotes. I did not type all of that, and your quote makes it look like I have.

I have asked you to refrain from doing this already. Thank You

Fair enough, and you have. Seemed easier. Plus what I initially typed we can see, the rest is yours, which I replied to in bold so it stood out

In any case, ok.

Wiggum

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#1863087 12-Sep-2017 22:20

Looks like Labours lack of numbers and info on their tax policies has come back to bite them hard in the polls. Its a wonder it has taken so long.

Absolutely irresponsible of Jacinda to propose running a country, without giving people economic certainty. Looks like sanity prevails after all. Although too early to jump to conclusions as I have no faith in these polls.

tdgeek

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#1863150 13-Sep-2017 07:17

Wiggum:

Looks like Labours lack of numbers and info on their tax policies has come back to bite them hard in the polls. Its a wonder it has taken so long.

Absolutely irresponsible of Jacinda to propose running a country, without giving people economic certainty. Looks like sanity prevails after all. Although too early to jump to conclusions as I have no faith in these polls.

Yep, the attacks get traction on that. Polls are bizarre though, to work up to 43-39 is a huge gain, taking votes off National, but the other poll had Nats 40-39. The bellwether electorate Rangiora had Labour well ahead but that was a small poll. At 47-37 the election is over thats well above the margin of error.

Oh well, it was a fun ride to watch, my Sky will be free on`1 April lol

Oh, and plus we gained all those daily policies launches too, unsure where they are being paid from. As I said a while back, assuming National will still win, the race has added many new policies that would not have seen the light of day

GV27

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#1863151 13-Sep-2017 07:21

A closer run election is good for scaring incumbents into action e.g. interest free student loans etc. I'm not convinced that poll will show Steven Joyce getting owned on his $11bn hole though, so that will probably have tipped back closer to even.

tdgeek

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#1863156 13-Sep-2017 07:29

GV27:

A closer run election is good for scaring incumbents into action e.g. interest free student loans etc. I'm not convinced that poll will show Steven Joyce getting owned on his $11bn hole though, so that will probably have tipped back closer to even.

Hard to say, its been a crazy campaign. Lies and BS, such as 11Bn hole, $75 bottles of wine, comparing teen suicide to euthanasia of the elderly in pain. Labour, the TWG was always going to be trust or not. For the public, all of that caused gains post election, whoever won

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Wiggum

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#1865086 14-Sep-2017 10:46

Looks like labour have finally released a tax policy.

mattwnz

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#1866302 14-Sep-2017 15:25

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labours policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

Geektastic

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#1866380 14-Sep-2017 17:07

mattwnz:

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labours policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

I can't believe that policy is real. What do you spend on those? $10 a week? So that saves a whole $1.50?

MikeB4

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#1866392 14-Sep-2017 17:24

Geektastic:
mattwnz:

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labours policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

I can't believe that policy is real. What do you spend on those? $10 a week? So that saves a whole $1.50?

A family would require a lot more than $10 per week for fruit and vegetables.

Geektastic

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#1866406 14-Sep-2017 17:52

MikeB4:
Geektastic:

mattwnz:

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labours policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

I can't believe that policy is real. What do you spend on those? $10 a week? So that saves a whole $1.50?

A family would require a lot more than $10 per week for fruit and vegetables.

Mine doesn't. Even doubling the amount saves...$3 a week.

ajobbins

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#1866455 14-Sep-2017 19:19

mattwnz:

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

I don't see it as a 'flip flop' at all - Labour asked the electorate to trust them to explore a range of tax options, and give them to ability to enact them quickly. The question came down to do you trust them at their word, or think that they don't have a secret tax agenda already lined up and the working group is just a guise to get them through the election without scrutiny? While personally I'd be willing to give them my trust, there was a loud and clear signal from the electorate that they were not willing to give Labour that trust. In the face of that, they have made a pragmatic decision to respond to the will of the electorate and put any new tax policy back to the people at the next election.

Much of that distrust, I suspect, was planted by the FUD campaign from the National Party - and it worked, and Labour have adapted.

I really detest the idea that when politicians (of any ilk) make promises, decisions or propose policy that they are forevermore locked into that position and any adaption is a 'flip-flop'. If you promise to do something, then change your position without further information or because you never intended to do what you promised in the first place - that is a flip-flop. If you change a position because you're learned more about something, or the circumstances have changed - that's sensible and pragmatic.

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labour's policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

Generally a bad idea in that it often costs more to administer than it saves in cost. If you save a dollar or two on your groceries, but the supermarket has to spend millions upgrading systems and doing the admin on pricing, accounting etc etc then your overall grocery cost go up by more than taking the GST off, nobody wins.

Twitter: ajobbins

tdgeek

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#1866481 14-Sep-2017 19:52

mattwnz:

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labours policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

Good idea, but its a cost.

tdgeek

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#1866482 14-Sep-2017 19:53

Geektastic:

MikeB4:
Geektastic:

mattwnz:

Labour at last has done the right thing, and will be putting the Tax Working group decisions to the 2020 polls, and will only come in if they get re-elected. But this flip flop does make me wonder if there is some division in the party, as wasn't JA clear that these policies would come in before the election?

Just a question, is Labour also planning on removing GST off fruit and veges? I recall this used to be one of Labours policies 1 or 2 elections ago. But haven't seen any mention of it this time around? If they no longer have that policy, anyone know why they have removed it, because the need for that sort of policy would be greater now than ever. Apparently NZ first want this to come in.

I can't believe that policy is real. What do you spend on those? $10 a week? So that saves a whole $1.50?

A family would require a lot more than $10 per week for fruit and vegetables.

Mine doesn't. Even doubling the amount saves...$3 a week.

KFC chips? They are vegetables...

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