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RE: Catching Australia By 2025

Brucey — Wed, 26 May 2010 00:46:45 GMT

"Catching up to Australia", hmmn, absolutely no way in the world, not going to happen now. This is now a total fantasy.

Why is this the case? Simple Australia has "deferred any Global warming scam legislation to 2013" (that's code for we're putting it in the cupboard until 2013 and hopefully by then the rest of the world will have woken up to what a silly idea the whole thing is and how utterly idiotic it would be to steal money from our people to give to the UN for ABSOLUTELY NOTHING, then we can quietly drop it).

NZ has bought into the whole scam and will start stealing money from the population to finance this stupid decision by NZ politicians FROM 1 JULY 2010 (which is only about six weeks away now).

RE: Catching Australia By 2025

shouganai — Sun, 25 Apr 2010 10:49:53 GMT

The problem of course is the presumption that NZ can catch up to Australia. Australia will be the recipient of $A350 billion of foreign capital inflows over the next 20 years to finance mining and energy projects, e.g. Iron ore, coal, coal seam gas, LNG, etc. In the same period NZ will probably have $5 billion. Australia has immense mineral wealth. They can't be beaten
Meanwhile a Chinese attempt to buy a NZ farm will be vetoed because NZ is sensitive about foreign ownership of NZ property. NZ will also continue to lose 'relatively' skilled labour to Australia, where they can get 30% higher wages.
"Houston we have a problem"
NZ's only strength is:
1. Retirees coming here from Australia and Europe
2. Living off the shirt sleeves of Australia, i.e. low currency...at least until NZ becomes part of the Australian currency, though pragmatics suggest that will not happen for the foreseeable future because NZ needs a competitive (i.e. currency) edge.

RE: Catching Australia By 2025

crumpler — Fri, 04 Dec 2009 00:06:43 GMT

Hey, ah, Shooter ...

Do you work as a PR consultant for the ACT party or something?

There's a good reason these press releases from ACT have been ignored or ridiculed by the mainstream media, no one cares.

Seriously, you could take the entire of ACT, drop them in a well, and, I doubt you'd have anyone, except perhaps (and I am stretching here!) Louise Krone asking where they had gone!

Catching Australia By 2025

Shooter — Fri, 20 Nov 2009 12:09:13 GMT

Catching Australia By 2025

ACT New Zealand Finance Spokesman Sir Roger Douglas has released his discussion document ‘Catching Australia By 2025: An Alternative Approach’ which outlines a comprehensive reform of Government expenditure, accelerating our economic growth and creating opportunities for all New Zealanders to get ahead.

“I believe the reforms set out in this plan are exactly what New Zealand needs in order to catch Australia by 2025,” Sir Roger said.

“Treasury’s latest report has shown that if we don’t make changes, New Zealand’s net debt will rise from the current 20 to 220 percent of GDP by 2050.

“To create a prosperous nation, we must substantially increase productivity growth. In the 80s and 90s we achieved productivity growth of around three percent. Recently that has dropped to one percent. To beat Australia by 2025, we need productivity growth to be 3.5 percent.

“To deliver strong productivity growth we must focus on six key areas: private ownership, competitive markets, low taxes, efficient capital markets, free economic exchange, and quality monetary policy.

“Ad-hoc reform will do little to kick start the economy. I propose a package of policies that will work together, creating a powerful set of incentives for all New Zealanders.

“In summary these reforms include:

Tax:

• Tax free threshold of $31200 for a taxpayer with no dependents, with an additional tax free allowance for those with dependents

• Flat tax of 16⅔% above the threshold, with a temporary three year 10% surcharge on income earned over $100,000.

• Corporate income tax abolished

• A capital tax of 0.8% on the value of assets, with a $1m deduction for households. Any asset with a return on investment higher than 2.5% will be better off under this system than with the current corporate income tax.
Competitive Markets:

• Education – competitive marketplace where consumers call the shots

• Health – competitive insurance markets and hospitals competing for business

• Superannuation – individual savings accounts, with individuals controlling when they retire and having higher incomes in retirement

• Welfare insurance (accident and unemployment) – with private insurance companies competing for business and managing people back into the workplace.

• Creating an environment where there are substantial improvements in productivity – improving access and outcomes for all.
Capital efficiency:

• No corporate income tax – replaced by a small capital tax

• Rewards the productive use of capital – moves capital from non-income earning to income-earning areas.

Free economic exchange:

• Free trade

• Ensure contracts, not central Government regulation, define voluntary relationships between consenting adults.

“Productivity is the key. If we implement the above policies, our productivity growth will soar and provide us with the opportunity to not only match Australia, but to beat them,” Sir Roger said.

Come to the ACT Party Christmas function at Sunnytown Restaurant, Newmarket, Auckland this December 5 where I will answer your questions on 'Catching Australia by 2025: an Alternative Approach'

see registration form attached - or go to my website www.rogerdouglas.org.nz for registration form, and full text of paper.