Forum Archive Index - September 2002

["Malcolm Cameron" <malharcameron@hotmail.com>]

TO all of you that think your taxes are to high at 39cents in dollar after 
$60000 please write to Doctor Cullen and ask him to tax you at Australian 
rates instead. I bet he will be very pleased to oblige. You are paying some 
of the lowest income tax rates in the world. Check the Swedish rates and GST 
is 37%
Malcolm


>From: "Mr Nua" <mr_nua@hotmail.com>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] oh,,,,dear.. more bad news
>Date: Fri, 6 Sep 2002 09:40:17 +1200
>
>Hi Hoop,
>
>I agree 100% with your "oh dear post".
>
>Unfortunately, due to the nature of democracy - politicians retain power by 
>pleasing the majority of the people - a very different motive than creating 
>a wealthy economy. Thus, by the nature of our demographics the majority 
>does not include Eric Watson, nor - I suspect does it include most of the 
>people on this forum.
>
>Rather than a lower tax for business people like Eric, I suspect that this 
>government is more likely to "solve" the problem by creating some sort of 
>"leaving tax". This is far more likely to please the masses.
>
>How do you change the direction of a country when the majority would rather 
>see higher taxes for the "rich" because thay are not in that group?
>
>A difficult one, which I do not have the answer to.
>
>
>
>My other comment is toward your "Short term vs Long term" post.
>
>Without wanting to open the TA vs Fundy debate. The comment that "one 
>mistake in STI and you are dead" is simply incorrect. You can lose the lot 
>in one mistake in STI or LTI.
>
>However, there is NO chance of losing the lot if you do either approach 
>correctly. A STI without a strategy (which you would have to be to lose it 
>all on one mistake) is not a Short term investor, they are a punter.
>
>I would go so far as to say that there is less chance of losing the lot in 
>STI than LTI, because in an Enron type situation the STI will sell out 
>before the LTI (who may never).
>
>I believe that the biggest problem facing new STI's with a strategy is the 
>"pecked to death by a thousand ducks" problem where capital is slowly eaten 
>away by small losses and brokerage.
>
>Anyway, food for thought. Good to see the level of posting up.
>
>Nua
>   ----- Original Message -----
>   From: Richard Hooper
>   To: sharechat@sharechat.co.nz
>   Sent: Friday, September 06, 2002 12:43 AM
>   Subject: [sharechat] oh,,,,dear.. more bad news
>
>
>   The problem with a centre left Govt in New Zealand is that they turn a 
>deaf ear to the rich,to please the poor non-productive masses that will 
>vote for them in the next 
>election........................Note....................nonproductive.........
>
>   Since the personal tax increase from 33% to 39% it seems we as a country 
>has lost not only tax revenue but the our most productive personnal.
>
>   Eric Watston it seems, is another to go overseas  to join to mass 
>migration of to rich NZers to Europe......We get nonskilled low wage type 
>people in exchange for high skilled management ultra rich leaving....
>
>   Labour Govt please wake up ...........since you have raised the taxes 
>from 33-39% you have created our best  productive personal to leave our 
>shores and have not increased any extra revenue tax in this area.
>
>   If you are listening ...please .....please .... for the sake of our 
>economy.
>
>   You have 2 years to recify this terrible sitiuation ..The last year 
>(2005) you can please the welfare ..dole ..medical ...acc...benefit people 
>which makes up for 50% of the New Zealand  voters...........
>
>   The bad news is the last statement .......too many people on the 
>benefit........
>
>   What a silly situation .........the NZ Govt  forces the rich productive 
>people to reside overseas by taxing the hell out of them ....welcomes the 
>poor to come to NZ.......or create the situation for the poor to stay in NZ 
>thru giving them benefits............
>
>   Overall Result........Lower Growth rate with our trading 
>partners.......There is nothing we can do as a a nation until the Govt 
>changes its economic policies. .........If  we the people want to lift our 
>country up into a rich nattion status we have to protest .....something 
>which NZer's seem to have forgotten to do
>   ( due to our laid back attitude)
>
>
>   investors are thin on the ground and decreasing.
>
>   The future lies with us
>
>   Hoop
>
>   Disc:-    no political motive ....left /right   up/down .... just using 
>common sense.
>
>




M H & M M Cameron
55 Czarnecki Street
Camira 4300
Brisbane
Queensland
07 3389 0515


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