Musks attacks on the UK. Straw that broke the camels back. Bye bye Twitter. Most of the 13 years was good. Same handle on BlueSky. ๐ Bye.
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Much of that *private* debt servicing costs is our wealth going to Australian banks...
Replying to @MusicalChairs14
I'll finish with a graph that should be concerning. For example, ask yourself...
If business net financial debt is 358% of GDP (ffs) - how much is it costing businesses to service that debt (or pay dividends)?
Who pays? Who benefits? Cost of living/distributional impact? [Ends]
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Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
True, Te Pati Mฤori party have been basically invisible at Parliament, probs only got a few views on TikTok and that.
This is the real sucker punch graph. Wonder if corporate profits can be plotted there somehow.
Replying to @MusicalChairs14
In other sectors, labour productivity increased between 1989 and 2000 at the same time as the number of hours increased (eg health / care). How?
Companies made a big enough operating surplus to pay for more hours *and* make decent profits. [8/n]
Of course the #techright like @elonmusk prefer H1B workers. American citizens/workers still have rights (for now). Why employ somebody who can walk away when you can employ somebody who's essentially bonded to you and the job...๐คฆโโ๏ธ๐คทโโ๏ธ.
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Yeah agree but it's the CoCs very selective use of the term "Wasteful spending" when it's something they or their donors don't like (hospitals! Nurses) The wallet is wide open when it's stuff they want though.
Replying to @barryebert57
Time we grew up and stopped claiming a Prime Ministerial aircraft is a private benefit. I was on Chippys plane when he took the backup to China. Embarrassing. He certainly favored a replacement
The Goverments deficit is our surplus. People will realise this one day.
Replying to @MusicalChairs14
Anyway, I got distracted. Remember that $11bn of extra cash in kiwi bank accounts? Thank the Crown for $6bn of it, and plucky borrowers and their friendly banks for the other $5bn. Spend it wisely folks. [Ends]
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Can't seem to reply but....
But it's not a secret motive. It's an open motive. Seymour is undeniably linked to them. TPU is linked to them. This isn't an illuminati thing. They are quite open about their motives
This is the textbook left-wing response when nothing inherently problematic can be identified in right-wing legislative / regulatory activity: "That's not what they really think! Secret motive! Secret motive!"
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Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
Seeing sooo many tweets about โcosting the taxpayerโฆโ, โtaxpayerโs moneyโฆโ it really rips ma knittinโ.
When govt spends it ADDS to the private sector. What it is spent on and who benefits is another matter, but itโs NOT a cost to taxpayers. Learn to reframe the argument.
Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
Readers: Nicola didn't listen.
Kia ora @NicolaWillisMP This is the austerity doom loop. You are in it. You are cornered by our trade deficit and a dormant housing market. Ask Treasury about your remaining options for avoiding a prolonged recession through 2024.
Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
Replying to @actparty @toddmstephenson
Just like how the Fast Track Bill being rammed through under urgency is not only picking winners but enshrining them in legislation. The hypocrisy from you clowns is next level.
Said it time and again. The meteroic rise of private rentals and rentierism is the heart of it. No incentive to derail that gravy train. Housing benefit rises also keeps the upward price pressure as landlords know it's going to track their rent increases.
Replying to @jryancollins
The political consensus in the UK is that the housing crisis is driven by insufficient supply of new build homes. But this cannot possibly explain the five-fold increase in UK average house prices and the disconnect between prices, incomes and rents since the 80s.
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Mark my words. Most of these functions will get replaced with external private logistics firms and IT providers at far higher costs. Exactly what the NHS did decades ago. Privatisation by stealth.
odt.co.nz/news/national/hundโฆ
Full strike. A line must be drawn.
Replying to @actparty
Teachers, nurses, doctors... Stop doing all that extra work that you perform and don't get paid for. This government just wants to abuse and use you.
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Like Feudal Lords! ๐คฎ
Replying to @CLRenney @nztreasury
In the post cab it was clear that @NicolaWillis has made your exclusion personal. You are in time out.
@chrisluxonmp laughed when your name was mentioned and the question about your exclusion was raised by a journalist.
It is unbelievable how they carry on.
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Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
Replying to @CLRenney @nztreasury
Wow , judge them by their actions ๐ , Nicky No Boats gave the order Iโm sure
How does one perform such miracles without government spending exactly? ๐คฆโโ๏ธ
Replying to @flibberygiblet @eva37013
Too much for a tweet. But, it's not of the Roger Douglas quality of govt. He would've put in place a new super scheme and new healthcare system to ensure everyone retires with $1 million in the bank and we'd have world-class but affordable healthcare. So room for improvement
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Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
Replying to @stefanolson @eva37013
By what metric? Be specific. We all want to know, as even by his own measures he has failed. Only a self-interested Landlord is better off now than under Labour. Everyone else is worse off. Trickle-down/Austerity doesn't work, proven over and over.
Gone to BlueSky.Peter ๐บ๐ฆ ๐ฎ๐ฑ ๐ต๐ธ๐๐ณ๐ฟ๐ฌ๐ง๐น๐น retweeted
All hail the most important economic history graph in NZ... the great debt swap of 1992 to 2008 - 16 years of our economy 'growing' off the back of increasing private debt. Falling interest rates kept the party going between 2010 and 2022. Now what?



























