On a recent trip to Thailand Gareth noticed a large number of Australians retiring in Thailand. Gareth chats about the possible economic and lifestyle benefits.
It’s all over the news today. Headlines like “NZ economy hard hit by inequality” and “Income inequality stunts NZ growth”. Is it all true? In this video, Geoff puts some of the reports findings into perspective.
The Big Kahuna takes as its base assumption that we don’t, as a society, accept that huge differences in income are acceptable and that we, therefore, choose to redistribute wealth. While they are generally regarded as separate, the tax and welfare systems are fundamentally both methods of doing just that – redistributing income from those […]
Yesterday both the National Government and Green Party opposed the suggestion to place a toll on Auckland’s roads, but for completely different reasons. The Government opposes it because they see it as a new tax. The Greens because they would rather see the Government’s existing investment in roads moved to buses and trains. The international […]
In our last blog we looked at whether the claims of ‘rock star’ economist Thomas Piketty held any water or not. Short answer is that some did, some didn’t. In this blog we turn to what we should do about his insights. The purpose of taxes, benefits and the government provision of services is (at […]
‘Rock star economist’ or ‘inequality messiah’ French economist Thomas Piketty’s book Capital in the Twenty First Century has outsold every other book on the planet this year. The book is so popular because it floats the idea that money makes money, so the wealthy will forever become better and better off than the rest. The […]
The latest edition of “The Economist” (October 4) is another commentary on the consequences of the Information and Communication Technology (ICT) revolution, how it has been the driver of this boost in incomes and rise in overall productivity of several economies. What the various industrial revolutions have in common is that they disrupt life and […]
Let there be no mistake, New Zealanders want the NZ dollar to be as high as possible. A 65 US cent dollar makes us a hell of a lot poorer than an 88 cent one. So why does the Reserve Bank (RB), cheered on by our Prime Minister (PM) dream of reducing our wealth via […]
The Reserve Bank Governor Graeme Wheeler has dubbed the strength of our exchange rate “unjustified and unsustainable.” Ultimately the problem lies with his own policies, together with the refusal of the Government to tax the income from capital. According to the Governor our exchange rate is too high, despite falling from a peak of over […]
Over the last few weeks a range of economic development policies have emerged from across the political spectrum. They vary from the weird to the wonderful, but all of them suffer from the same problem – the delusion that the government can always create jobs and stimulate regions and industries. Yesterday we looked at job […]