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: Are you as excited as we are for Te Matapihi’s grand reopening?
Wellington’s Te Awe Library on Brandon St will be closing its doors for good at 5 pm on March 1. It’s been the city’s largest temporary library, and now it’s making way for the exciting return of Te Matapihi Central Library!
We want to know: Are you as excited as we are for Te Matapihi’s grand reopening?
Want all the details? The Post has everything you need to know.
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46.3% Yes
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53.7% No
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.4% For. Self-service is less frustrating and convenient.
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43.4% I want to be able to choose.
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47.2% Against. I want to deal with people.
THE WAIKANAE BEACH MONTHLY COMMUNITY MARKET IS ON TOMORROW
WHERE:- Waikanae Beach Community Hall,
22 Rauparaha Street, Waikanae Beach,
WHEN:- Sunday 8 February 10am-1pm
Enjoy a Sunday outing with your family and friends by visiting this great friendly community market where you will discover handmade treasures and local creativity by highly talented stallholders where every piece tells a story.
FOR THE KIDS:-
Bring the kids along so they can meet jane with her quality handmade crochet toys, along with Helen and her huge range of awesome handmade children's dress ups and dolls clothes etc and Viv a local author of Children's Books and an accomplished creator of Pet Portraits.
NEW STALLHOLDERS:-
Viv Walker who writes and illustrates children's books, creates art prints and offers portrait commissions for people and pets will be joining us along with Nicky with her Fresh Flowers.
DISCOVER UNIQUE AND QUALITY ITEMS:-
With Valentines Day fast approaching do your gift shopping at the market where you'll find a huge variety of high-quality, reasonably priced ideas.
MEET UP WITH YOUR FRIENDS AND FAMILY:-
Meet up with a friend or 2 and enjoy a Sunday outing at this great Community event.
Don't miss it... support local!
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