Is this too simple?


Finance Minister Bill English signalled on TVNZ7’s that the government is considering changes to property taxes  which may result in some form of capital gains tax.

I have mixed views about that but a bigger concern about the whole debate on how the government’s income can keep up with its expenditure.

Increasing income, whether it’s by taxes, dividends from SOEs or charges for services, is one part of the equation. Reducing expenditure is another.

But the best way to increase public income is to increase private income ie the amount everyone earns.

That requires sorting out the things which are holding individuals and businesses back.

Or is that too simple?

P.S. Adolf was at the filming of the programme and gives his views on it at No Minister.

TVNZ 7 tempted me


TVNZ 7 invites you to experience the recording of a special studio show analysing the performance of the National-led government’s first year in power .

National’s First Year featuring an in-depth interview with Bill English plus analysis and debate, kicks off TVNZ 7’s Spotlight on the Eocnomy month.

TVNZ 7 dedicates November to exploring the question of what sort of New Zealand will emerge from the recession, to demystifying economics and to debating issues surrounding New Zealand’s economy. What needs to change to ensure a prosperous future? A range of programming across the channel in November provides insight and information on all things economic.

Before the show, you’re invited to join us for a breakfast briefing about TVNZ’s digital channels.

Please join us at 8am on Tuesday November 3 for a hearty breakfast and a general update on TVNZ’s digital channels TVNZ 6 and TVNZ 7. At 8.45 we’ll usher guests into the studio for our one hour show National’s First Year.

That’s what the invitation said and for a moment or two I was tempted.

Then reason prevailed. The cheapest option would be flying from Christchurch which is 3 1/2 hours drive away and there’d also be taxi fares and accommodation in Auckland. Even if I factored in the opportunity it might provide to catch up with our daughter who’s studying up there it was extravagant in terms of both money and time.

Besides I’ve got a meeting tomorrow, a dentist’s appointment on Tuesday and an assignment due in on Wednesday.

But it’s peaked my interest so I’ll try to watch the programme and now I’ve told you about it too which was probably all the invitation intended anyway.

P.S. Don’t tell David Cunliffe who’s so upset about the ads for the programme  which feature the Finance Minister, the invitation has a photo of Bill and Guyon Espiner too.

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