Budget 2010

20 May 2010 at 16:33 PM
http://www.johnwalley.co.nz/94-budget_2010.aspx

$1b (that is 9 zeros) a month for 36 months on the assumption of 3% growth - realistic?

Does this budget address the net debt ($168b or 90% of GDP) problem?

Spending and tax take will have to be addressed, today will not be sufficient on both sides and more go rounds will be necessary. Need still to talk about:

- Means tested state superannuation.

- Progressively increases to the age of entitlement to state superannuation.

- An end to tax free loans for students.

- Land or comprehensive capital gains tax.

- Lower taxes on incomes.

- Death duties.

- A policy framework for the productive economy that matches the rhetoric - get the speculators out of our currency.

For a start.

Budget 2010

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