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It's probably to stop some variation of setting your location to India then buying Youtube Premium for $2/month.
It's the old story; charge what the market will bear. If they could charge your neighbour a different price for cheese they would (and are trying hard to). They do for flights.
I mean, every country has its strange people at the start, but somehow I have the feeling that some countries have gone completely off course, that such people can even get their hands on something like this.
To be clear, I am NOT against gun ownership, but I am strictly against gun ownership for the wrong reasons and in the wrong hands.
Where does the stupidity stop?
I understand the desire to move away from fossil fuels but it has to be done in a much more considered manner than this. This type of action will lead to unintended consequences for the likes of the BNZ as people push back a find ways around the problem. You cannot cut off the ability of people to put food on the table like this and not expect push back of some sort.
Petrol and diesel vehicles are going to be around long after 2030.
I don't bank with the BNZ and this sort of silliness means I'll never consider them as an option.
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kingdragonfly:
In this strange world, petrol stations can now sympathize with brothels.
They have a lot in common - when you deal with either of them, you’re gonna get screwed.
Sometimes I just sit and think. Other times I just sit.
Technofreak:
Where does the stupidity stop?
I understand the desire to move away from fossil fuels but it has to be done in a much more considered manner than this. This type of action will lead to unintended consequences for the likes of the BNZ as people push back a find ways around the problem. You cannot cut off the ability of people to put food on the table like this and not expect push back of some sort.
Petrol and diesel vehicles are going to be around long after 2030.
I don't bank with the BNZ and this sort of silliness means I'll never consider them as an option.
Exactly - I don’t want or expect woke ideology from my bank. Seems to have been very poorly thought through.
Sometimes I just sit and think. Other times I just sit.
eracode:
Exactly - I don’t want or expect woke ideology from my bank. Seems to have been very poorly thought through.
Also supermarkets. Countdown in particular seems to feel a need to monitor customer morals.
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kingdragonfly: In this strange world, petrol stations can now sympathize with brothels.
Many financial institutions have strict policies against lending to businesses or individuals in industries they consider "high risk" or morally contentious, such as sex work. Brothels and sex workers may struggle to open business accounts, get credit cards, or access loans.
See the following opinion from a KC:
I am not a lawyer... but there seems to be an argument that the holder of a statutory privilege (in this case a banking licence) cannot be freely able to turn away customers; this is the price of being the holder of a statutory privilege.
There seems to be a gap in the market for a bank willing to service the ever-growing ranks of those modern society considers reprehensible.
Because petrol and diesel are such terrible chemicals, I assume that the BNZ does not use, own, hire, or lease any vehicles that run on these compounds. I also assume that they don't have any diesel-powered generator sets.
TBH, thinking it through, I was wrong to accuse BNZ of being climate change police. Their policy on cancelling rural petrol stations’ loans is based on the incredibly stupid idea that rural people are going to soon migrate to electric cars en mass > buy less petrol > stations won’t be able to service debt and will go out of business owing BNZ millions. BNZ wants to force the stations to repay the debt before that happens. Believe it or not, that is how they explained their thinking behind this policy.
It’s actually a ridiculous Credit & Risk decision - not directly based on climate change ideology. There are so many erroneous things about all this, it’s hard to know where to start. People worldwide, including NZ, are rapidly reducing the number of EVs they’re buying - and IMO rural people would be the last demographic to adopt EVs for obvious reasons (range angst, charging, … ?).
Sometimes I just sit and think. Other times I just sit.
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