So you think the govt has spent too much, but at the same time compain about cuts? would you advocate for spending your money on more tax? What is your solution?
Things were always going to be bad after the pandemic and high inflation doesn’t matter which way around the governments were. Most countries around the world witnessed similar things over the pandemic, there central bank actions , high inflation after. Drop OCRs now, businesses and unemployment worries, GDP tracking down, bad gdp per capita numbers, house rental prices skyrocketing, rental prices flattening out, housing prices dropping. There’s many comparisons in many countries about many things from 2020 to now with some countries ether a little ahead or behind. Governments didn’t make much difference. If people want to blame anyone blame the pandemic or central banks that didn’t have much choice AT THE TIME with the knowledge of the moment
That’s what happens when you give tax cuts, when the country can’t afford it. The cuts in public services hurts poor people more, and they got the least of tax cuts. Austerity always hurts the poorest people more than anyone else. We are worse off than we were before the government was voted in.
@joyandrews3804 No , it was bad then too . That's why labour got kicked out You just think because they shaved a few excess-to-requirement public servants that we're worse off . I work with in a government funded industry . It's a bludge fest . Keep cutting . Make the ones who are left actually work for their pay .
All these people blaming labour yet this govt still borrowed another 10billion to add to the debt for measly tax cuts that every economist said they could not afford. Even worse at managing the finances
Tax revenues have dropped...because a lot businesses have gone bust. Stop obsessing about the surplus ! You need to run a deficit budget to get the economy going....
Austerity is the worst possible thing to do when a country's in a recession. The govt needs to invest more in the people not less to keep the economy going. Skilled workers are leaving the country in record numbers thanks to the deodorant salesman and his English literature finance minister.
GDP is a insane way to measure countries. Doesn’t take into account people‘s well-being or the environment. complex systems shut down at one some point as we can see right now, can we just let capitalism die before we do. D growth please
Reorder and buy the ferries needed. Re instate the building programs already in progress. Get rid v this disastrous accountant playing at being finance minister. National is ruining NZ. The MPs should take paycuts and cut perks.
Labour left NZ broke and unable to pay bills, And you think we should have kept borrowing money and digging the hole deeper ?? We aint got BILLIONS to spend on vanity projects. Fantastic that adults are in charge again to start getting us out of the Labour nightmare
@@Stoneynz Labour were pretty bad, especially with Covid largesse to undeserving corporates - but even so they were infinitely better that the debt champions, Key and English. Is it too much to ask for basic competence in government? Tax breaks for real estate speculators is not growing the economy - on the contrary, it blows out a deadweight cost - cost of living, and necessitates wage inflation. Even someone as thick as Nicola Willis should know better.
Its world wide. The rich expect half the planet to be destroyed soon. They are stealing all they can an building bunkers away from the ocean and rivers.....
We seem to have glossed over what actually put NZ into this position. John Key and Bill English have alot to answer for by not spending and underfunding almost every government department during their tenure. Labour gets voted in and spends to cover the underfunding and faces a pandemic and spends to keep businesses afloat. National gets voted back in and labels Labour the bad guys due to the spending and cuts public service jobs even though they campaigned on reducing unemployment. History of recent NZ politics.
Is Ms Willis the person for the job? She’s doing a lot ah’s & umms with a little back peddling & not at all confident. It seems she’s not on the right track because adding more huge debt to our current huge debt is what she said she couldn’t do. You’ve had a year, its not going well, hand it over & move on!
Investment is what makes money not withdrawing funds all the time. If a business was run that way it goes bust which is what most business are doing which increases cost to government and reduces productivity
Fontera made a billion post tax profit last year. We are paying more for everything, so where is the money going. It isn't to nurses or teachers (increases in these wages mainly go straight back to the government in taxes).
$10B+ has left the country in power company dividends since Key sold 49% of our power companies. Has electricity got any cheaper... hell no, privatisation costs the public.
I don't recall Labour borrowing for tax cuts but I do remember them borrowing to keep business' open and actually delivering growth during Covid unlike most other OECD countries. Look at NZ's debt to GDP when cLuxon took over compared to this stagnant swamp we've been delivered by this coalition of self interested crocodiles.
17.6 billion in tax cuts including the landlord tax cut. That were not necessary and created this huge hole of no money in tbe coffers now borrowing more than Labour who had to deal with COVID . Not going to get tax revenue when you are laying people off . They are a disaster .
Labour put us into this situation that's why they we voted out don't think people that voted for this government to turn things around for years. Labour was like a reckless student with a credit card.
Reckles was the 14.7 billion in tax cuts and the 2.9 billion for landlords . Both unnecessary and that is all on them .NOT LABOUR . Nicky no boats the ferries have turned into a total farce due to these idiots. .
The national party had "rock solid" numbers during the election campaign. They were told by a number of economist that they were wrong............ now the only excuse is blame Labour............ Yeah right
Nicola Willis is a liar… she puffed her ego before getting into power - saying it will be a surplus and that the ferries needed to be cancelled, and now she makes these subsequent announcements… what a joke! And after cancelling so many infrastructure projects (rail, ferries), government jobs, and social safety nets. She needs to accept responsibility not blame the other government. The people aren’t buying this…
National cooking the books for at least the third time this month to cover up for Nicola Willis' complete and utter incompetence.
Absolutely 100 percent right there. Totally agree no idea cut jobs in the public sector to try and get money.
So you think the govt has spent too much, but at the same time compain about cuts? would you advocate for spending your money on more tax? What is your solution?
Charities Tax 🤔
Is that like shaking a can in front of us or ads like "Save the Country" donate N.O.W 😂
Yeah labour left the economy in a real good shape!!
Things were always going to be bad after the pandemic and high inflation doesn’t matter which way around the governments were. Most countries around the world witnessed similar things over the pandemic, there central bank actions , high inflation after. Drop OCRs now, businesses and unemployment worries, GDP tracking down, bad gdp per capita numbers, house rental prices skyrocketing, rental prices flattening out, housing prices dropping. There’s many comparisons in many countries about many things from 2020 to now with some countries ether a little ahead or behind. Governments didn’t make much difference. If people want to blame anyone blame the pandemic or central banks that didn’t have much choice AT THE TIME with the knowledge of the moment
What's gone wrong is that she is utterly and totally incompetent and clearly just a puppet or dummy.
That’s what happens when you give tax cuts, when the country can’t afford it. The cuts in public services hurts poor people more, and they got the least of tax cuts. Austerity always hurts the poorest people more than anyone else. We are worse off than we were before the government was voted in.
@joyandrews3804 No , it was bad then too . That's why labour got kicked out
You just think because they shaved a few excess-to-requirement public servants that we're worse off .
I work with in a government funded industry . It's a bludge fest .
Keep cutting . Make the ones who are left actually work for their pay .
lmao this government is so bad
Because they refuse to TAX THE WEALTHY !!
So was the last one.
All these people blaming labour yet this govt still borrowed another 10billion to add to the debt for measly tax cuts that every economist said they could not afford. Even worse at managing the finances
Exactly..At least Labour had a legit reason.
Why give the tax cuts to the rich and wealthy people 😂😂😂
3:29. Cut Seymour's pay. And the rest of the useless ne'er do wells ....
I’ll take back labour so long as they increase the unemployment benefit and the sickness benefit to a more liveable wage as it once was.
It's always the same old story - austerity has never worked, and won't work now.
Tax revenues have dropped...because a lot businesses have gone bust. Stop obsessing about the surplus ! You need to run a deficit budget to get the economy going....
Thats what has caused the problem.
@@neilmarshall5087That's not what the experts say but this government isn't great at taking advice.
Austerity is the worst possible thing to do when a country's in a recession. The govt needs to invest more in the people not less to keep the economy going. Skilled workers are leaving the country in record numbers thanks to the deodorant salesman and his English literature finance minister.
The government of cuts !
Labour spent it
National has to replace it
Unless you are a landlord.
I smell an increase coming in GST. 15% > 20%?
GDP is a insane way to measure countries. Doesn’t take into account people‘s well-being or the environment. complex systems shut down at one some point as we can see right now, can we just let capitalism die before we do. D growth please
Reorder and buy the ferries needed. Re instate the building programs already in progress. Get rid v this disastrous accountant playing at being finance minister. National is ruining NZ. The MPs should take paycuts and cut perks.
And reduce the numbers - 80 MPs would be plenty.
Labour left NZ broke and unable to pay bills, And you think we should have kept borrowing money and digging the hole deeper ?? We aint got BILLIONS to spend on vanity projects.
Fantastic that adults are in charge again to start getting us out of the Labour nightmare
@@Stoneynz Labour were pretty bad, especially with Covid largesse to undeserving corporates - but even so they were infinitely better that the debt champions, Key and English.
Is it too much to ask for basic competence in government? Tax breaks for real estate speculators is not growing the economy - on the contrary, it blows out a deadweight cost - cost of living, and necessitates wage inflation. Even someone as thick as Nicola Willis should know better.
Nz gonna be the worst countries in a few years 😂 this gov sucks ass.
Its world wide. The rich expect half the planet to be destroyed soon. They are stealing all they can an building bunkers away from the ocean and rivers.....
When people were struggling during Covid, Jacinda took a pay cut. When people are struggling now, Luxon sold houses and made a profit.
We seem to have glossed over what actually put NZ into this position. John Key and Bill English have alot to answer for by not spending and underfunding almost every government department during their tenure. Labour gets voted in and spends to cover the underfunding and faces a pandemic and spends to keep businesses afloat. National gets voted back in and labels Labour the bad guys due to the spending and cuts public service jobs even though they campaigned on reducing unemployment. History of recent NZ politics.
nicola is a lawyer, not a finance expert. absolute shambles.
She's not even a lawyer. She has an English literature degree and zero real world business experience.
What about ACC’s overseas investment. Nicola has no Economic Qualifications whatsoever! Austerity economics doesn’t work!
Does this mean Polititians will not get any more pay rises over the next few years maybe then we might our economy back to a Healthy state.
Yeah they were certainly first in best dressed when they took office for that one
We have been walked up the path of dishonesty by egghead.
National led coalition of chaos cooking the books once again. One term govt!
1/2 term govt. PULL THE PLUG WINNIE!!!!
Robbing Peter to pay Paul...
Is Ms Willis the person for the job? She’s doing a lot ah’s & umms with a little back peddling & not at all confident. It seems she’s not on the right track because adding more huge debt to our current huge debt is what she said she couldn’t do. You’ve had a year, its not going well, hand it over & move on!
Investment is what makes money not withdrawing funds all the time. If a business was run that way it goes bust which is what most business are doing which increases cost to government and reduces productivity
This!
Fontera made a billion post tax profit last year. We are paying more for everything, so where is the money going. It isn't to nurses or teachers (increases in these wages mainly go straight back to the government in taxes).
$10B+ has left the country in power company dividends since Key sold 49% of our power companies. Has electricity got any cheaper... hell no, privatisation costs the public.
So Cindy and labour spending billions during covid doesn’t make up for any of the deficit, ok.. 🙄
Quickly forgotten by everyone , still I don't know why they refuse to bring in a Capital Gains Tax .
But that makes sense
Oh course it does..At least they had a substantial reason for spending.
I don't recall Labour borrowing for tax cuts but I do remember them borrowing to keep business' open and actually delivering growth during Covid unlike most other OECD countries. Look at NZ's debt to GDP when cLuxon took over compared to this stagnant swamp we've been delivered by this coalition of self interested crocodiles.
More New Zealanders coming to Australia in 2025 ?.
Oh dont, you just love smarmy Chippie throwing shade when it was him and his lot that spiralled us down here in the first place 😒
17.6 billion in tax cuts including the landlord tax cut.
That were not necessary and created this huge hole of no money in tbe coffers now borrowing more than Labour who had to deal with COVID .
Not going to get tax revenue when you are laying people off .
They are a disaster .
BS.
You sure about that, the numbers seem to dispute that.
Wheres all the money going from our industry
Theres your answer
Don't gas light us with stories that dont ring true
Labour put us into this situation that's why they we voted out don't think people that voted for this government to turn things around for years. Labour was like a reckless student with a credit card.
With mum and dad paying for it
Reckles was the 14.7 billion in tax cuts and the 2.9 billion for landlords .
Both unnecessary and that is all on them .NOT LABOUR .
Nicky no boats the ferries have turned into a total farce due to these idiots. .
So what should they have done?
If we were in such a bad situation, why did this government think it was in a strong enough position for tax cuts?
@suehowie152 kept people working during Covid instead of turning the place into Zombieland
Who created unemployment government did national government 1961 IMF loan
Unemployed bureaucrats cost less than employed ones.
Nobody knows how to budget in this country. Always depending on the government.
Cut handouts to Māori
And those profiting from the biggest handouts in NZ, perpetual leases
We need to drill baby drill and get some mining going...
Cut red tape and promote farming...cut all the work crap
Won't be worth it in the long run. Most of that money will end up overseas.
Try 2112
Thanks Labour
National's in power and has been for over a year now, I don't think it's Labour genius.
@@justinpagelawrie Its labours wasteful spending for 9 yrs . Always the same . the Lefties blows out , the right balances the books .
Takes more than a few months to f it up . Labours spending broke not only records but businesses.
No...This is on this incompetent government.
Labour's hospital pass.
Is that you Nicola? 😂
😆 🤣 😂 Those 14.7 billion tax cuts and the 2.9 billion for landlords caused alot of this .
Now a 13 billion dollar shortfall in revenue
This is all Labour's doing, let's not be fooled by poor journalism.
😂😂😂😂
Stop coping
The national party had "rock solid" numbers during the election campaign. They were told by a number of economist that they were wrong............ now the only excuse is blame Labour............ Yeah right
NATZOS borrowed more than Labour and Cindy was facing a pandemic
Nicola Willis is a liar… she puffed her ego before getting into power - saying it will be a surplus and that the ferries needed to be cancelled, and now she makes these subsequent announcements… what a joke! And after cancelling so many infrastructure projects (rail, ferries), government jobs, and social safety nets.
She needs to accept responsibility not blame the other government. The people aren’t buying this…
Print an assload of money and give everyone a million dollars - that will stimulate the economy :)
A fairer way would be a Capital Gains Tax or even a Foreign Investers Tax .
It's lose , lose for a small country that has to kiss arse
They don't appear interested in stimulating the economy.
Labour mess of 6 years ..
They are covering tough job for Nicola
The mess was the 14.7 billion tax cuts and the 2.9 billion for landlords both unnecessary.
Nah sorry this lot don't get off that easily.
Yeah nah, you seem as bright as Nicky no boats.
@diyguru9677 u are feeling pain not having taxpayers' money as a benefit it's hard now
Cut south Auckland benefits they are making lots of money 💰 in every sense...