Foxton Beach, Foxton

2453 days ago

20 percent of NZers own 70 percent of country's wealth

Veronica from Levin

The top twenty percent of New Zealanders now own seventy percent of the country's wealth.

While the country debates the merits of a capital gains tax (CGT), Statistics New Zealand said "rising property values" between 2015 and 2018 was the main reason for a big increase in the … View moreThe top twenty percent of New Zealanders now own seventy percent of the country's wealth.

While the country debates the merits of a capital gains tax (CGT), Statistics New Zealand said "rising property values" between 2015 and 2018 was the main reason for a big increase in the amount of wealth owned by the top twenty percent.

In 2015 the top ten percent owned sixty percent of the county's wealth.

In contrast in 2015 the poorest 40 percent held just 3 percent of total wealth and three years later the only increase for this group was in how much more debt they had accumulated.

Independent economist Shamubeel Eaqub was quoted saying the figures were further confirmation of the country's growing class divide.

"Every time we see a new statistic on inequality, whether it's in terms of income, opportunities or wealth, it shows very clearly that New Zealand is being ripped apart by our class system."

Tax Justice Aotearoa New Zealand - a group that believes a capital gains tax should be introduced to reduce inequality and poverty - has organised an online petition in favour of a capital gains tax [www.change.org....

The petition was started by Tax Justice Aotearoa New Zealand in advance of the Government's intention to release a response to the recommendations of a tax Working Group this month.

The advisory tax group, formed in 2017 to investigate ways of reforming taxation, has signalled a strong preference towards the introduction of a capital gains tax on investment property, intangible property and business assets.

Iwi want exemptions based on equity because tax has already been paid on treaty settlements and land returned under settlement used to buy back more culturally valuable ancestral lands, or within iwi, should not be taxed.

[sources:
1 www.stats.govt.nz...
2 www.radionz.co.nz...
3 en.wikipedia.org...
4 www.radionz.co.nz...

2446 days ago

RAFFLE

Denise from Shannon

RAFFLE - $5 a ticket
GO DOG GO
GoDogGo is the world's first fetch machine for dogs - this remote controlled automatic ball launcher has been designed specifically for dogs & allows for independent fetch or owner-controlled play with remote.

It's simple to use, just turn it on and set… View moreRAFFLE - $5 a ticket
GO DOG GO
GoDogGo is the world's first fetch machine for dogs - this remote controlled automatic ball launcher has been designed specifically for dogs & allows for independent fetch or owner-controlled play with remote.

It's simple to use, just turn it on and set it to shoot a ball every 4, 7 or 15 secs. You can set it to shoot between 5 and 10 metres (can even shoot 14+ metres depending on conditions). It holds 15 balls (suits balls of sizes 4.5 cm/1.75 inch - 6.3 cm/2.5 inch) and even comes with its own remote control! Just to name a few of the ball styles GoDogGo works with: tennis balls, Kong balls, Chuckit balls, HyperPet balls, racquet balls and many more.

It comes standard with a 240v AC Adaptor or you can run it off six "D" sized batteries. You will get around 25+ hours of play when using batteries.

Its adjustable range makes it suitable for use in driveways, backyards, and even basements. And since it weighs just 5 kgs, it's easily transported.

It has a remote control which can change the speed settings or launch a ball on command.

www.youtube.com...

Tickets available from the Print Bureau - opposite Domino's (limited to 100 tickets)

Please note this is a used machine (profits to the Levin SPCA) - will be drawn under Police Supervision

2446 days ago

Palmerston North's council chamber a far cry from the digital age

Janine Rankin Reporter from Manawatū Standard

OPINION: Former Palmerston North city councillor Chris Teo-Sherrell wanted to return to the counci…

2447 days ago

Crowds flock to Feilding for annual bird fair

Paul Mitchell Reporter from Manawatū Standard

Hundreds flocked to Feilding to buy, sell or simply admire the many-coloured feathered friends on d…

2447 days ago

Wooden Kids Chain Saw

Bevan from Tangimoana

Brand New Wooden Kids Chain saw, Kids just love these they can be just like thier Dads cause the are wooden they last and look so much better that Plastic. I have sold an endless number of these over the years.
I Have five of tthese to sell

Price: $40