@NewsroomNZ @bernardchickey Good comments today on radio today @bernardchickey RBNZ soft on pushing back on asset p… https://t.co/m0Sh7fohHG
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@NewsroomNZ @bernardchickey Hard to lead with thinking based on incomplete model of the economy: inflation targetin… https://t.co/kDCAMJM1HV
7/12/2017 8:27 AM
RT @TheMinskys: Watch @StephanieKelton brilliantly explain why we should stop talking about the #deficit as a problem and start talking abo…
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RT @TheMinskys: "Public-private partnerships conflate public and private interests, and in conflicts between them, the private interests wi…
26/11/2017 12:02 PM
RT @PolicyObsAUT: Is the NZ public service restructured too much? New Briefing Paper by Julienne Molineaux from @autuni https://t.co/BUISP…
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RT @Ozlandscapes: #Lateline story on demise of Darling River, at hands of irrigated cotton, is yet another example of how money determines…
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@mrmedina @Tat_Loo At best redundant. ..
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@liamdann 2006 again?
22/11/2017 8:18 PM
RT @PolicyObsAUT: And now a report from Australia, saying high house prices are not linked to under-supply. Could policies supporting specu…
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RT @FT: 'This really is the first time we see the news organisations coming together like this in order to address this crisis of trust in…
20/11/2017 12:20 PM
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APR 10

Stop Farming Capital Gains - they are mostly a tax free illusion.




More on the theme of fiscal policy driven warped behaviour, take a look at this link from Cameron Bagrie at the ANZ:


“New Zealanders need to accept that the economic model of the past 20 years, which is borrow and spend-style growth, is an unsustainable model. The rural sector needs to accept … you’re not going to see the big speculative asset price booms. The value of your asset needs to be determined by yield and cashflow.”


The full article is here:

http://www.agridata.co.nz/blog/2010/04/06/focus-on-productivity-not-capital-gains/#more-3094

 

It might also be worth looking a my presentation slides 20 to 24 are most in this respect, they are here:

http://www.fabians.org.nz/images/stories/RES-BC-JW-As.pdf

 

All up we have been stuffed by the fiscal incentives to chase capital gains, not yield and cashflows.


As this unwinds it will hurt – and the policy response is what?
 


tags: anz, cameron bagrie, capital gains, cashflow, tax free
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