Forum Archive Index - October 2000

[RIL <ril99_99@yahoo.co.uk>]

Did we get out of bed on the wrong side this morning
Hughie?

The WEF is a common misconception among those who
don't "drill down" into the heart of the matter. 

Read Gareth Morgan's column in the NBR (which is sent
to me in London) over the last few months for a much
better explanation of the WEF than I can produce.

Topics covered: human flight, capital flight,
stockmarket downturn, economic downturn, standard of
living decline etc. etc.

Brash hasn't got a clue when he said it was a good
thing for NZ.

But read a few of Gareth's articles before you take
another swing at me.

NZ's problems are the result of liberalism coming out
of the relatively wealthy sixties. NZ has to be
smarter than any other country because it has probably
the most disadvantaged of any western country. If you
want to turn it around you are going to have to do
some radical surgery, ie:

Slash taxes by:

Ending DPB for all new applicants
Cutting the dole and medical benefits
Cutting super
Getting rid of nonsense ministeries like youth
affairs, women's affairs and all the ridiculous
quangos
Adjusting the resource management requirements
downward
Closing two or more of your universities
Repatriate all overstayers
Bring in five hundred thousand qualified south
africans of english descent over a few years (if they
think things are better in NZ than there - a close
call)
Repeal the Treaty Act
Forget inflation for a while and drop interest rates
Set up powerful new ministry to monitor
anti-competitive behaviour of rip-off privatised SOE's
like Telecom and of course the price colluding banks

The above by my estimation could save around 10 bn.

Then cut corporate and personal tax and watch things
begin to improve.

But the liberal chorus of course want things the way
they are. 

All in my humblest opinion, of course.

Cheerio.

PS Enjoyed the comments of Gunny Gordon C.
PPS On second thought a pogrom against litigation
lawyers could also be useful

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