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@Hooroo Yes 600,000. 28% of the money go 'round is going to hurt.
Oh man, I can't believe that you think that it is just employers. It doesn't just affect the employers, staff may get laid off, nobody gets a pay rise, nobody gets employed, the government has to print money . Inflation and all sorts of other things come into play too. A snowball.
I could go on but do some reading about economics. Seriously.
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@Snowy said in NZ Politics:
@Hooroo Yes 600,000. 28% of the money go 'round is going to hurt.
Oh man, I can't believe that you think that it is just employers. It doesn't just affect the employers, staff may get laid off, nobody gets a pay rise, nobody gets employed, the government has to print money . Inflation and all sorts of other things come into play too. A snowball.
I could go on but do some reading about economics. Seriously.
For one extra public holiday? All that? We will have to pay extra that day but won’t be thinking about laying anyone off or thinking about pay reviews because of it.
I think businesses that close to the line wouldn’t last in any case.
So yes I still think they are irrelevant but yes they are affected by this decision
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@Snowy thanks for the lookup on the UK study. Good to put some facts around things.
I would be interested though, in how they calculated the 'lost productivity'. Often I get the feeling that someone has taken an oversimplified and not very logical approach of dividing annual production figures to represent a day.
Did our annual productivity drop by a whole week when annual leave allowances increased from 15 to 20 days? -
@Hooroo said in NZ Politics:
@Snowy said in NZ Politics:
@Hooroo Yes 600,000. 28% of the money go 'round is going to hurt.
Oh man, I can't believe that you think that it is just employers. It doesn't just affect the employers, staff may get laid off, nobody gets a pay rise, nobody gets employed, the government has to print money . Inflation and all sorts of other things come into play too. A snowball.
I could go on but do some reading about economics. Seriously.
For one extra public holiday? All that? We will have to pay extra that day but won’t be thinking about laying anyone off or thinking about pay reviews because of it.
I think businesses that close to the line wouldn’t last in any case.
So yes I still think they are irrelevant but yes they are affected by this decision
In a global pandemic when the government is just printing money, and taxes are likely to increase. Sure, throw in another burden on %28 of the economy.
Great idea.
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@Snowy said in NZ Politics:
@Hooroo said in NZ Politics:
@Snowy said in NZ Politics:
@Hooroo Yes 600,000. 28% of the money go 'round is going to hurt.
Oh man, I can't believe that you think that it is just employers. It doesn't just affect the employers, staff may get laid off, nobody gets a pay rise, nobody gets employed, the government has to print money . Inflation and all sorts of other things come into play too. A snowball.
I could go on but do some reading about economics. Seriously.
For one extra public holiday? All that? We will have to pay extra that day but won’t be thinking about laying anyone off or thinking about pay reviews because of it.
I think businesses that close to the line wouldn’t last in any case.
So yes I still think they are irrelevant but yes they are affected by this decision
In a global pandemic when the government is just printing money, and taxes are likely to increase. Sure, through in another burden on %28 of the economy.
Great idea.
I don’t think they are looking to bring it in straight away? It wouldn’t be brought in next year.
Maybe 2022 but more likely 2023.
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@Hooroo said in NZ Politics:
@Snowy said in NZ Politics:
@Hooroo said in NZ Politics:
@Snowy said in NZ Politics:
@Hooroo Yes 600,000. 28% of the money go 'round is going to hurt.
Oh man, I can't believe that you think that it is just employers. It doesn't just affect the employers, staff may get laid off, nobody gets a pay rise, nobody gets employed, the government has to print money . Inflation and all sorts of other things come into play too. A snowball.
I could go on but do some reading about economics. Seriously.
For one extra public holiday? All that? We will have to pay extra that day but won’t be thinking about laying anyone off or thinking about pay reviews because of it.
I think businesses that close to the line wouldn’t last in any case.
So yes I still think they are irrelevant but yes they are affected by this decision
In a global pandemic when the government is just printing money, and taxes are likely to increase. Sure, through in another burden on %28 of the economy.
Great idea.
I don’t think they are looking to bring it in straight away? It wouldn’t be brought in next year.
Maybe 2022 but more likely 2023.
I think they said 2022 from the start and stated the reason as not appropriate at the moment. That hasn't stopped the outcry without listening though.
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@Crucial said in NZ Politics:
dividing annual production figures to represent a day.
Did our annual productivity drop by a whole week when annual leave allowances increased from 15 to 20 days?That is something that I have been on about earlier. It is the averaging of individual statistics and I can do that for my business but have to find national numbers which isn't that easy to find and do a comparative analysis.
@Hooroo said in NZ Politics:
@Snowy said in NZ Politics:
@Hooroo said in NZ Politics:
@Snowy said in NZ Politics:
@Hooroo Yes 600,000. 28% of the money go 'round is going to hurt.
Oh man, I can't believe that you think that it is just employers. It doesn't just affect the employers, staff may get laid off, nobody gets a pay rise, nobody gets employed, the government has to print money . Inflation and all sorts of other things come into play too. A snowball.
I could go on but do some reading about economics. Seriously.
For one extra public holiday? All that? We will have to pay extra that day but won’t be thinking about laying anyone off or thinking about pay reviews because of it.
I think businesses that close to the line wouldn’t last in any case.
So yes I still think they are irrelevant but yes they are affected by this decision
In a global pandemic when the government is just printing money, and taxes are likely to increase. Sure, through in another burden on %28 of the economy.
Great idea.
I don’t think they are looking to bring it in straight away? It wouldn’t be brought in next year.
Maybe 2022 but more likely 2023.
They will have to get in first. Without Winnie and the Greens getting 5% it all becomes very dodgy.
I wonder how many labour voters own small businesses? And yet many are probably employed by a SME.
I'm not anti labour, and would vote for them if the pros outweighed the cons for me personally of course, but damaging the economy even more is pretty bloody dumb by buying a day off.
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Would be nice for NZ to have a National Day to be proud to be kiwi. Rather than the acrimonious Waitangi Day “celebrations”. I haven’t a drop of Maori blood, but I’d be a fan of renaming the North & South Islands too. It’s good to see an increase in all things Maori
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@taniwharugby Should have had "increases" in there and yes brackets could be modified.
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@Snowy said in NZ Politics:
I'm not anti labour, and would vote for them if the pros outweighed the cons for me personally of course, but damaging the economy even more is pretty bloody dumb by buying a day off.
I agree. There is no way that I would start voting labour for a day off. No chance.
I just support that idea.
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@dogmeat said in NZ Politics:
@Snowy I don't think direct taxation is likely to rise. Haven't Collins and Adern both ruled them out. Indirect consumption tax is another matter
Quoting myself only because I was W.R.O.N.G.
Labour has announced one change to their tax policy. Reintroducing a top rate of 39% on any earnings over 180K. Apparently this only affects 2% of Kiwi's and will generate 550Mill p.a.Also talked about the possibility of introducing a Digital Services Tax.
I guess if 98% of people are unaffected its hardly likely to cost them votes. No movement on tax bands
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They will do more. We just don't know about it yet I suspect.
@dogmeat said in NZ Politics:
@dogmeat said in NZ Politics:
@Snowy I don't think direct taxation is likely to rise. Haven't Collins and Adern both ruled them out. Indirect consumption tax is another matter
Quoting myself only because I was W.R.O.N.G.
Labour has announced one change to their tax policy. Reintroducing a top rate of 39% on any earnings over 180K. Apparently this only affects 2% of Kiwi's and will generate 550Mill p.a.Also talked about the possibility of introducing a Digital Services Tax.
I guess if 98% of people are unaffected its hardly likely to cost them votes. No movement on tax bands
Only slightly wrong, so far. I seriously doubt that it will generate much revenue. People with income of over 180K know how to shift / distribute money so that they don't hit the threshold.
WTF is a digital services tax? They going to tax prostrate examinations? Or is it just for people who like that sort of thing?
I do actually know what it is and kind of agree with it. If you do business here, you pay tax here. Isn't that the principle?
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It's absolutely bloody ridiculous that no one is championing a tax bracket adjustment.
Up to $14,000 a year = 10.5%
$14,000 - $48,000 = 17.5%
$48,000 - $70,000 = 30%
Over $70,000 = 33%Acting like 70k is a high income in 2020 is a fucking joke. Median income in NZ is $52,000.
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Still a lot lower than Aus for comparable government services. And that's before you add on flood levies, budget repair levies, private health levies.
$0 – $18,200 0%
$18,201 – $37,000 19%
$37,001 – $90,000 32.5%
$90,001 – $180,000 37%
$180,001 and over 45% -
@Mokey said in NZ Politics:
It's absolutely bloody ridiculous that no one is championing a tax bracket adjustment.
Up to $14,000 a year = 10.5%
$14,000 - $48,000 = 17.5%
$48,000 - $70,000 = 30%
Over $70,000 = 33%Acting like 70k is a high income in 2020 is a fucking joke. Median income in NZ is $52,000.
I agree, those on the lowest tax bracket should be taxed less to help them aspire to raise to higher levels
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