Forum Archive Index - September 2002

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

kees If you don't like NZ tax rates go somewhere else. Its that socialist 
bulls--t that makes NZ a nice place to live and I don't live there. I 
suggest but not sure that you didn't like the last country you lived in so 
why come to NZ and complain you had the whole world to pick from.
Malcolm


>From: "Kees.deJong" <Kees.deJong@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: [sharechat] oh,,,,dear.. more bad news
>Date: Fri, 6 Sep 2002 18:00:00 +1200
>
>Why is it that as soon as someone tries to say we are taxed to high some
>person tries to cut him down by bringing some obscure country in to the
>spotlight which has no direct bearing on why we pay so much tax except that
>there social welfare structure is worse or better depends which side of the
>fence you are on, than ours
>and that 60 % like here are on some sort of benefit.
>Get a life if you think your not paying enough make a donation but leave 
>the
>socialist bullshit out.
>
>----- Original Message -----
>From: "Malcolm Cameron" <malharcameron@hotmail.com>
>To: <sharechat@sharechat.co.nz>
>Sent: Friday, September 06, 2002 3:46 PM
>Subject: Re: [sharechat] oh,,,,dear.. more bad news
>
>
> > 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.
> > >
> > >
> >
> >
> >
> >
> >> >
> >
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M H & M M Cameron
55 Czarnecki Street
Camira 4300
Brisbane
Queensland
07 3389 0515


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