Scotophobia – dislike or fear of darkness; intense aversion or hostility towards Scotland, its people, or its culture.
Resorting to connecting the dots this morning because it was a long night & he needs to do something really simple to get started again. – Connect the Dots © 2011 Story People – posted with permission.
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BusinessNZ has worked out the proposed capital gains tax would impose an extra $5 billion on the economy :
BusinessNZ has released an analysis of additional costs to the economy that would accompany the direct costs of New Zealand’s proposed capital gains tax.
It shows compliance costs of $1.6 billion, administrative costs of $210 million and deadweight costs of $1.5 – $4.2 billion, over five years.-
BusinessNZ Chief Executive Kirk Hope said the Tax Working Group’s report did not include compliance, administrative or deadweight costs, and these needed to be made explicit to enable public debate about costs before the Government made its decision on a capital gains tax.
Goodness me, how surprising. The people proposing a tax based on an ideological view of fairness didn’t include the costs.
Compliance costs include Valuation Day requirements for all business assets to gain a valuation to enable the imposition of the capital gains tax.
Administrative costs are IRD’s costs of collecting the tax.
Deadweight costs are the costs of reduced economic output resulting from changes in supply and demand caused by the imposition of a tax. . .
Those who want the tax keep repeating the same theoretical argument about fairness.
Those opposing it keep finding real, practical reasons why it isn’t fair, will add costs and sabotage the economy.
There’s more on this at BusinessNZ
Sunday’s soapbox is yours to use as you will – within the bounds of decency and absence of defamation. You’re welcome to look back or forward, discuss issues of the moment, to pontificate, ponder or point us to something of interest, to educate, elucidate or entertain, amuse, bemuse or simply muse, but not abuse.
If you want to be happy, practice compassion. If you want to be happy, practice compassion – Dalai Lama
451 – Attila the Hun sacked the town of Metz and attacked other cities in Gaul.
1348 Charles University was founded in Prague.
1521 Ferdinand Magellan arrived at Cebu.
1541 Francis Xavier left Lisbon on a mission to the Portuguese East Indies.
1718 Hugh Blair, Scottish preacher and man of letters, was born (d. 1800).
1770 William Wordsworth, English poet, was born (d. 1850).
1788 – American Pioneers to the Northwest Territory arrived at the confluence of the Ohio and Muskingum rivers, establishing Marietta, Ohioas the first permanent American settlement of the new United States in the Northwest Territory, and opening the westward expansion of the new country.
1795 France adopted the metre as the basic measure of length.
1803 Flora Tristan, French feminist and socialist philosopher, was born (d. 1844).
1827 John Walker, an English chemist, sold the first friction match that he had invented the previous year.
1856 New Zealand’s first state secondary school, Nelson College, opened.
1860 Will Keith Kellogg, American cereal manufacturer, was born (d. 1951).
1862 American Civil War: Battle of Shiloh ended – the Union Army under General Ulysses S. Grant defeated the Confederates.
1868 Thomas D’Arcy McGee, one of the Canadian Fathers of Confederation was assassinated.
1890 Completion of the first Lake Biwa Canal.
1908 Percy Faith, Canadian composer and musician, was born (d. 1976).
1906 Mount Vesuvius erupted and devastated Naples.
1906 – The Algeciras Conference gave France and Spain control over Morocco.
1908 H. H. Asquith of the Liberal Party took office as Prime Minister of the United Kingdom.
1915 Billie Holiday, American singer, was born (d. 1959).
1922 Teapot Dome scandal: United States Secretary of the Interior leased Teapot Dome petroleum reserves in Wyoming.
1927 First distance public television broadcast (from Washington, D.C. to New York City, displaying the image of Commerce Secretary Herbert Hoover).
1933 Prohibition in the United States was repealed for beer of no more than 3.2% alcohol by weight, eight months before the ratification of the XXI amendment.
1934 Ian Richardson, Scottish actor, was born (d. 2007).
1938 Spencer Dryden, American drummer (Jefferson Airplane), was born (d. 2005).
1939 World War II: Italy invaded Albania.
1939 Francis Ford Coppola, American film director, was born.
1939 Sir David Frost, English broadcaster and TV host, was born.
1940 Booker T. Washington became the first African American to be depicted on a United States postage stamp.
1941 Gorden Kaye, British actor, was born (d. 2017).
1943 The Holocaust: Germans ordered 1,100 Jews to undress to their underwear and march through the city of Terebovlia to the nearby village of Plebanivka where they were shot dead and buried in ditches.
1944 Gerhard Schröder, former Chancellor of Germany, was born.
1945 World War II: The Japanese battleship Yamato, the largest battleship ever constructed, was sunk 200 miles north of Okinawa while en-route to a suicide mission in Operation Ten-Go.
1945 – World War II: Visoko was liberated by the 7th, 9th and 17th Krajina brigades from the Tenth division of Yugoslav Partisan forces.
1946 Syria‘s independence from France was officially recognised.
1948 The World Health Organisation was established by the United Nations.
1948 A Buddhist monastery burned in Shanghai, leaving twenty monks dead.
1951 Janis Ian, American singer and songwriter, was born.
1954 U.S. President Dwight D. Eisenhower gave his “domino theory” speech during a news conference.
1954 Jackie Chan, Chinese actor, director, producer, and martial artist., was born.
1956 Spain relinquished its protectorate in Morocco.
1963 Yugoslavia was proclaimed to be a Socialist republic and Josip Broz Tito was named President for life.
1964 IBM announced the System/360.
1964 Russell Crowe, New Zealand actor, was born.
1971 U.S. President Richard Nixon announced his decision to increase the rate of American troop withdrawals from Vietnam.
1977 German Federal Prosecutor Siegfried Buback and his driver were shot by two Red Army Faction members while waiting at a red light.
1978 Development of the neutron bomb was canceled by U.S. President Jimmy Carter.
1985 Soviet leader Mikhail Gorbachev declared a moratorium on the deployment of middle-range missiles in Europe.
1989 Soviet submarine Komsomolets sank in the Barents Sea killing 42 sailors.
1990 John Poindexter was found guilty of five charges for his part in the Iran Contra Affair (the conviction was later reversed on appeal).
1992 Republika Srpska announced its independence.
1994 Massacres of Tutsis begin in Kigali, Rwanda.
1999 The World Trade Organisation ruled in favour of the United States in its long-running trade dispute with the European Union over bananas.
2001 Mars Odyssey was launched.
2003 U.S. troops captured Baghdad.
2009 Former Peruvian President Alberto Fujimori was sentenced to 25 years in prison for ordering killings and kidnappings by security forces.
2009 – Mass protests began across Moldova under the belief that results from the parliamentary election are fraudulent.
2017 – 2017 Stockholm attack on Drottninggatan in central Stockholm, Sweden. A stolen truck slammed into people at high speed, killing five and injuring fifteen others.
Sourced from NZ History Online & Wikipedia