NZ 2023 Election Thread

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2405 posts

Uber Geek

#3145009 10-Oct-2023 17:56

Compulsory Superannuation contributions.

Well I did miss an s ( funds ).
The group of funds that make up the Australian superannuation system with its compulsory rates of contribution.
Presently about 11% minimum by employer (Yeh it's really your money), plus probably a bunch of technical variations in fine print.

As of March 2023, assets totalled over US$3.5 trillion
https://my.nzte.govt.nz/article/understanding-australias-superannuation-industry

The lions share of funds in a core group Australian Securities Commission approved funds.

There is a recent trend to diversify with international investments, but largest portion of investments still go into Australia.
https://www.afr.com/policy/tax-and-super/funds-pile-into-shares-as-super-system-hits-3-4trn-20211123-p59bbb

Apparently proposed by Bob Hawke in the 80's but did not make it till..
It started in 1992 Keating Govt.
More known to New Zealanders if they know anyone who has worked in Australia and then had these funds trapped in Australia when they came back to NZ.
Our Kiwisaver started in 2007, so is just a baby.
P.S. Singapore's started in 1955.

Kyanar

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#3145093 10-Oct-2023 20:21

Ah, yes. Fun fact though, if you leave Australia to go back to New Zealand, your funds are not in fact trapped - any APRA regulated fund can transfer to any IRD approved Kiwisaver scheme! The only catch is that it is ringfenced, and your Kiwisaver fund can't release it to you until the Australian retirement age, and it can't be withdrawn to buy a first home or transferred to a third country.

tdgeek

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#3145101 10-Oct-2023 21:00

So. I've watched the debates. Tonight I watched the minor party debates, what a difference to the main partly debates.

They all were allowed to talk
They all were allowed to talk
They all were allowed to talk

All of them, ACT, NZ First, Te Pati Maori and the Greens were allowed to put their points forward. No going on and on and on and on, no loud interjections, spinning campaign slogans in order to avoid the question, and talking over the others to drown them out. No pseudo name calling and insults.

Each of the four will have had points that the voters will disagree on, but IMO they all had something that many will resonate with.

Its clear that everyone tonight has the nous and intelligence to work for NZ, some other people dont.

SaltyNZ

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#3145122 10-Oct-2023 22:13

Crowd was majority Green/TPM leaning by the sound of it but still plenty of respect for Peters and Seymour, at least when they were making reasonable points.

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quickymart

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#3145131 10-Oct-2023 23:21

Speaking of Winston - I had this article pointed out to me tonight: https://www.stuff.co.nz/national/politics/97547465/a-brief-history-of-winston-raymond-peters

It's a bit out-of-date now (understandable given that it was written in 2018) but there's quite a few things in here about him that I didn't know.

tdgeek

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#3145259 11-Oct-2023 11:20

Latest poll

https://www.newshub.co.nz/home/politics/2023/10/election-2023-shock-poll-shows-support-for-labour-growing-nz-first-likely-to-hold-balance-of-power.html

"Based on the results, both National and Labour would be well short of the 61 seats needed to govern. The leftwing coalition had 55 seats (up 2 from the previous polls), while the right-wing bloc had 54 (down 5). NZ First meanwhile holds 11 seats and based on the poll would likely hold the balance of power."

While Labour gets blamed for everything, and given National has been out of power so has no skeletons in te 6 year closet, this poll shows they aren't trusted. More so that Luxon and Willis are not trusted. If Shane Reti was leading, highly likely to be going far far better

quickymart

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#3145405 11-Oct-2023 15:47

It's going to be an interesting election. Still depressing to see so much support for Winston, though.

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Reanalyse

381 posts

Ultimate Geek

#3145416 11-Oct-2023 16:26

quickymart:

It's going to be an interesting election. Still depressing to see so much support for Winston, though.

Is it support for Winston. or is a protest vote in that everyone else is equally bad or worse ? So if you want/need change, but really dislike Luxon and Willis and are scared of what Seymour would do then is the best option is to go for a spoiler ? Or as I will do, vote for the local MP who I quite like, and leave the party choice blank and invalid ?

ezbee

2405 posts

Uber Geek

#3145427 11-Oct-2023 16:52

As they say put on 'big person pants' make a decision and vote. :-)

If you really dislike Luxon and Wills and concerned about Seymor , it seems you have some other choices.

Real world rarely gives you 'perfect' choices, you compromise on some things for greater good.

Do understand there are very well financed 3rd party campaigns that are aimed at just ramping general discontent and hopelessness.
Seems to be a Canadian hedge fund millionaire for example who moved 68M or more here over a Canadian tax dispute.
https://www.rnz.co.nz/news/election-2023/499861/the-political-newcomers-spending-thousands-to-influence-the-election

Voter suppresion is a thing.

There are places where people are literally dying for a vote, even an imperfect one.

evilengineer

466 posts

Ultimate Geek

#3145431 11-Oct-2023 17:09

At this point in time I'm starting to think we'll be getting the Star Trek mirror universe version of the 2017 election.

i.e. National instead of Labour in coalition with Winston and ACT forced to sit outside cabinet instead of the Greens.

Hell, if that Guardian poll is be believed and it's part of a trend it isn't totally infeasible to end up with Labour sitting on the opposition benches despite with slightly more MPs than National.

Handle9

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#3145448 11-Oct-2023 18:11

evilengineer:

Hell, if that Guardian poll is be believed and it's part of a trend it isn't totally infeasible to end up with Labour sitting on the opposition benches despite with slightly more MPs than National.

If that happens I'm sure the usual suspects on here will bleat about the perfidy of Winston not going with the party with the most seats.

quickymart

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#3145495 11-Oct-2023 20:58

Reanalyse:

Is it support for Winston. or is a protest vote in that everyone else is equally bad or worse ? So if you want/need change, but really dislike Luxon and Willis and are scared of what Seymour would do then is the best option is to go for a spoiler ? Or as I will do, vote for the local MP who I quite like, and leave the party choice blank and invalid ?

I dunno, but if it's his supporters they sure are turning up quite late in the piece:

https://www.newshub.co.nz/home/politics/2023/10/newshub-reid-research-poll-national-right-to-panic-as-support-plummets-new-zealand-first-surges.html

Pleased to see the crappy "freedom parties" (Tamaki, Baker, Gunn, etc) are not really moving in the polls, which is what they deserve - although having said that, I imagine that Tamaki is probably frothing at the mouth that Gunn's 2-person party is polling at 1.4% and he doesn't even register.

It's going to be an interesting election this Saturday.

alexx

867 posts

Ultimate Geek

#3145511 11-Oct-2023 21:48

tdgeek:

Latest poll

https://www.newshub.co.nz/home/politics/2023/10/election-2023-shock-poll-shows-support-for-labour-growing-nz-first-likely-to-hold-balance-of-power.html

"Based on the results, both National and Labour would be well short of the 61 seats needed to govern. The leftwing coalition had 55 seats (up 2 from the previous polls), while the right-wing bloc had 54 (down 5). NZ First meanwhile holds 11 seats and based on the poll would likely hold the balance of power."

While Labour gets blamed for everything, and given National has been out of power so has no skeletons in te 6 year closet, this poll shows they aren't trusted. More so that Luxon and Willis are not trusted. If Shane Reti was leading, highly likely to be going far far better

It would be interesting to know the regional breakdown of the shift in support. I imagine that Mayor Wayne Brown's comments about the likelihood of high rates and water bills with National, might not have helped National much in Auckland.

quickymart:

Pleased to see the crappy "freedom parties" (Tamaki, Baker, Gunn, etc) are not really moving in the polls, which is what they deserve - although having said that, I imagine that Tamaki is probably frothing at the mouth that Gunn's 2-person party is polling at 1.4% and he doesn't even register.

It's going to be an interesting election this Saturday.

Perhaps they can take some of Winston's vote without reaching the threshold themselves.

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