Forum Archive Index - September 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

I realise this has had a thrashing but a simple answer is that there are no
votes for low taxes........200,000 (approx) beneficiaries of some sort means
lots of votes.....contrast that to 5% of working population that earn over
60k and therein lies the answer..........

we are taxed too high and moreover the tax we pay is absolutely
squandered...might as well throw it in the bin......redistribution doesn't
work...if it did why isn't all the aid money that is supposed to go to
Africa having an impact?...why is there no clean water in most parts of
south Africa despite hundreds of millions of dollars of money redistributed
from wealthy nations to the continent??......what happened after band aid
twenty odd years ago???????..

if redistribution worked, why aren't nurses getting paid more??...why aren't
health boards in the black???...why aren't the teachers paid
more????...because governments are destructive and not constructive.....

high taxes and redistribution is a failure....problem is low(er) taxes and
'expected' higher growth doesn't necessarily pass with flying colours
either!!...oh well....look after the kids as best I can...that's all you can
do............

Cheers

Nk

Ps Tall Blacks by 3 and into the final (please!!!!!)

----- Original Message -----
From: "Kees.deJong" <Kees.deJong@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Friday, September 06, 2002 6:00 PM
Subject: Re: [sharechat] oh,,,,dear.. more bad news


> 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.
> > >
> > >
> >
> >
> >
> >
> > M H & M M Cameron
> > 55 Czarnecki Street
> > Camira 4300
> > Brisbane
> > Queensland
> > 07 3389 0515
> >
> >
> > _________________________________________________________________
> > Join the world's largest e-mail service with MSN Hotmail.
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> >
> >
>
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