Who paid for the EQ?
EQC Levies built up over many decades
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
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
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
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
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?