Economics 101
The National party assures us that their proposed tax cuts are funded in a way that is not inflationary. But according to a number of economists, the income streams they are counting on to fund the tax cuts do not exist. National will have to cut core services.
Tax cuts are inherently inflationary. Once the tax cuts are realized, National has no control over how the money is spent. As the money supply increases, that is the amount of money in circulation, inflationary pressures arise. Not only do National not have the money to fund their proposed tax cuts, any gains to the taxpayer will be quickly given back by rising inflation. And cuts to core services may mean that things like access to health care are adversely affected. Whether the tax cuts are funded in a non-inflationary way or not is irrelevant. The real inflationary pressure occurs when the money is spent. National has no control over that.
Poor old Adrienne Orr must be tearing his hair out listening to Christopher Luxon and Nicola Willis. For all their right wing think tank expertise, they appear to have a scant understanding of monetary policy. As one former Secretary to the Treasury once commented to me;
"If only politicians understood the basics of Economics 101, we would be a lot better off". These tax cuts would not make the country better off.
Poll: Is it rude to talk on the phone on a bus?
Buses can be a relaxing way to get home if you have a seat and enough space. However, it can be off-putting when someone is taking a phone call next to you.
Do you think it's inconsiderate for people to have lengthy phone calls on a bus? Vote in the poll, and add your comments below.
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64% Yes
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33.7% No
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2.3% Other - I'll share below
Room to rent
I have a room to rent in my 2 bedroom apartment in Upper Hutt Central. The room is fully furnished with a queen size bed, 42 inch smart tv, drawers and fan. Right next door to pak n save supermarket, very central. Rent is 280.00 per week, Fibre wifi included. Parking is on road. Very safe building with key coded entry door. 1 week rent in advance and 3 weeks bond, total of 1120.00 to move in.
THE WAIKANAE BEACH INDOOR MARKET IS ON THIS SUNDAY
Venue:- Waikanae Beach Community Hall,
22 Rauparaha Street, Waikanae Beach
Date and Time:- Sunday 10 November 10am – 1pm
Started your Christmas shopping yet? Why not start with a visit to this great Community Market which has highly talented stallholders showcasing a huge variety of quality items and GIFTS from locally grown and produced award winning Olive Oil, Honey & Bees Wax to Yummy Bakery Cookies, Sewing craft (including Dolls Clothes & Kids Dress Ups), hand made Wooden craft, Jewellery, Crochet Toys, Sea glass Mosaics and Quilts along with Homewares, Up-cycled items and everything in between.
Escape the house, visit the market, check out the new stallholders, pick up a gift, then enjoy the rest of the day in Kāpiti at other events (Kapiti Arts Trial) and attractions and include maybe a visit to one of our awesome local cafes.
Meet up with friends and enjoy an outing at this great friendly Kapiti Community Event. Don't miss it....Support local!!
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