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5 Benefits of Radically Overhauling New Zealand’s Tax and Welfare System – Whiteboard Wednesday

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 […]

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Why are our Politicians are afraid of Auckland tolls

Why are our Politicians Auckland Toll Chickens?

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 […]

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poorchild

Does Money make Money?

‘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 […]

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machine-taking-jobs

As technology progresses and disrupts more jobs, more workers will be employable only at lower wages

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 […]

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Video thumbnail for vimeo video Can the government really create more Jobs?

Can the government really create more jobs?

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. Today we will look at […]

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