eynon wrote: above ground monorails are not a bad option. |
Barrie wrote: V8 Isnt that the fairest way, tax the spending? Only problem is that we are also taxed on the interest earned on savings. Roger Douglas wanted a flat rate tax of (from memory) 5% with the rest coming from the tax on spending. Some think that the rich can hide it in their businesses but it would simply not be worth their while as if they were caught, the IRD would be all over them for many years to come. Most that I know do things as legally as they can, yes they employ an accountant to save them all that they can but lefts face it, say they save the GST on a boat that they paid $100000 for, thats $15000. to have the IRD camped on your door for the next 15 years or more simply would not be worth the hassle. Some will try it for real just as some on wages will do "cashys". A good mate of mine that is straight was audited and had to show where the money came from for every new(ish) artical of clothing he had, he retired at the end of March and is rapt that he will no longer have to keep every receipt for everything he buys. |
v8-coupe wrote:
+1 |
cirrus wrote: The banks here say the report is nonsense . Well they would say that .What else could they say. Tell their customers they are gambling with their deposits . Dont think so.They are doing very well out of cheep credit and the housing boom. Banks have nothing to lose. Their customers have. I am not a financial expert ,but dosent look good to me. Nationl debt has exploded. How can that make for a good economy . Now credit is begining to tighten. Interest rate rise expected tomorrow. Migration continues to hit new highs. More foreign cash pushing Kiwis out of the housing market forever. Increased interest rates will cause the dollar to rise. Exporters will find it harder . And they say it is all good.? Not sure what economic school these bankers went to. Remember Iceland. Extreme economic confidence before the crash . Complacency spread from bank head quarters to regulators ,central bank,government and the public ,all of whom were happy to share in financial boom times. No one saw that Landsbanki sat on a time bomb. Especially when they had triple A credit rating. The 2007 storm clouds darkened ,credit tightened. It was all over and no one saw it coming. So what are they doing here. Like Iceland ,nothing. Spiraling government and national debt. Out of control banks. Any Government with a grip on things would rein in debt, deal with the housing bubble before it got worse. They have not done that. So if and when the bubble bursts ,and it surely must at some point,this year ,next year ,year after ,who knows, the crash will be much greater here & world wide than 2007 as the debt is so much higher, unprecedented, and there is much further to fall next time. |
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