Economics 101
The National party assures us that their proposed tax cuts are funded in a way that is not inflationary. But according to a number of economists, the income streams they are counting on to fund the tax cuts do not exist. National will have to cut core services.
Tax cuts are inherently inflationary. Once the tax cuts are realized, National has no control over how the money is spent. As the money supply increases, that is the amount of money in circulation, inflationary pressures arise. Not only do National not have the money to fund their proposed tax cuts, any gains to the taxpayer will be quickly given back by rising inflation. And cuts to core services may mean that things like access to health care are adversely affected. Whether the tax cuts are funded in a non-inflationary way or not is irrelevant. The real inflationary pressure occurs when the money is spent. National has no control over that.
Poor old Adrienne Orr must be tearing his hair out listening to Christopher Luxon and Nicola Willis. For all their right wing think tank expertise, they appear to have a scant understanding of monetary policy. As one former Secretary to the Treasury once commented to me;
"If only politicians understood the basics of Economics 101, we would be a lot better off". These tax cuts would not make the country better off.
Poll: Is the increase in disability parking fines fair?
In October, the fine for parking in a designated mobility car park without a permit has jumped from $150 to $750—a 400% increase!
The goal is to keep these spaces open for those who truly need them. Do you think this big increase in the fine is fair? Share your thoughts below.
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89.1% Yes, it's fair
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10.2% No, it's unreasonable
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0.7% Other - I'll share below
Heirloom Tomatoes, Zucchini and Cucumber Plants at Waikanae and Otaki Markets
Rain, wind and cold - just what these veggies don't like! However, better times are on the way and you can get a head start if you have a warm sheltered spot to nurture these seedings. They are coming along well in spite of the conditions.
We'll be at Waikanae tomorrow morning OR come see us at the massive Market and Camping Expo at Otaki on Sunday from 10.00am to 4.00pm. There will be a lot going on, plenty of entertainment and foodtrucks for sustenance, plus the usual array of quality stalls.
So came and check us out. Even if you are not ready to plant just yet, we can offer advice on varieties and cultivation. If you would like the full ;list of tomato varieties available, please PM me.
Gardener available
Hi, Experienced gardener available. If you want help to tidy up your garden and get ready for summer then message me and hopefully I can help. Local references available. Michelle
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