SkyCity fiasco is natural result of govt expenditure of $80 billion

Needless to say, when government is taking sides and picking winners and losers, that is a process that inevitably and necessarily favors the politically well-connected insiders. In many ways, government has morphed into a racket designed to enrich the lobbyists, insiders, contractors, bureaucrats, and politicians.

We all pay for this. The middle class taxpayer is the one who meets the account for what is really just a bunch of self interested people who weave their own interests in with the common good and make the voters pay the bill. We don’t have the money to pay for lobbyists or to influence the action by making big donations to political parties or politicians. We cannot offer politicians six figure employment opportunities for post-government life. All we do is foot the bill for those who can.

Its why the tax take of the National government is something like $80 billion. Far far too high for a nation of this size and an amount that will ensure that this kind of “legal” corruption grows like tomatoes in a hot house. The kind of corruption that is rank today is not illegal, its just immoral.

John Key’s government is all about who you know.



Categories: Economics, NZ Politics

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2 replies

  1. Interesting.

    The super rich in New Zealand, we call them Kiwi’s, but in reality they are all TAX resident offshore, out of reach of IRD.

    The IRD are pursuing middle NZ and small businesses with a vengeance grabbing as much Tax as they can, literally squeezing people dry.

    The answer is to cut back on your expenses, do not spend unless you have to, and reduce your income requirements. The less you earn the less Tax you pay. Simple.

    If you are better off, you may want to look at your options like being Tax resident in another Country. As the TAX burden increases it will become more of an option for people lower down the income scale.

    Take Australia first $18000 tax Free *2 AU $36000 and 10% GST. Maybe South East Asia.

    Not everybody can afford to live in Lichtenstein with Sir Michael Fay.

    The deadbeat beneficiaries and other public employees sit back and enjoy life.

    At some stage it will become unaffordable but not until the Government cannot borrow or TAX anymore.

    Then like Greece and the EU PIGGS are finding out, that it all ends very badly and this is just the start.

    Like

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