Forum Archive Index - September 2002

["Ben Dutton" <bendutton@sharechat.co.nz>]

Whoa there!

No shouting needed...

Without wanting to make this into a "tax forum", I think Malcolm has a good
point.  Here in Australia (where I live) one is taxed at the rate of 48%
when earning over $60k a year - and Australia is hardly an "obscure" country
compared to NZ.

Malcolm was just putting some perspective on the calls that NZ needs lower
taxes - no need for throwaway comments in return, methinks.

Best Regards

Ben Dutton
disc. Not a Labour party supporter :).

----- Original Message -----
From: "Kees.deJong" <Kees.deJong@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, September 06, 2002 4:10 PM
Subject: Re: [sharechat] oh,,,,dear.. more bad news


> YOU  HAVE JUST PROVED MY POINT.
>
> ----- Original Message -----
> From: "Malcolm Cameron" <malharcameron@hotmail.com>
> To: <sharechat@sharechat.co.nz>
> Sent: Friday, September 06, 2002 6:07 PM
> Subject: Re: [sharechat] oh,,,,dear.. more bad news
>
>
> > 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.
> > > > >
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > >> >
> > > >
> > > > _________________________________________________________________
> > > > Join the world's largest e-mail service with MSN Hotmail.
> > > > http://www.hotmail.com
> > > >
> > > >
> > > >
> >
>
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> >
> > M H & M M Cameron
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> > Camira 4300
> > Brisbane
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