Economics 101
The National party assures us that their proposed tax cuts are funded in a way that is not inflationary. But according to a number of economists, the income streams they are counting on to fund the tax cuts do not exist. National will have to cut core services.
Tax cuts are inherently inflationary. Once the tax cuts are realized, National has no control over how the money is spent. As the money supply increases, that is the amount of money in circulation, inflationary pressures arise. Not only do National not have the money to fund their proposed tax cuts, any gains to the taxpayer will be quickly given back by rising inflation. And cuts to core services may mean that things like access to health care are adversely affected. Whether the tax cuts are funded in a non-inflationary way or not is irrelevant. The real inflationary pressure occurs when the money is spent. National has no control over that.
Poor old Adrienne Orr must be tearing his hair out listening to Christopher Luxon and Nicola Willis. For all their right wing think tank expertise, they appear to have a scant understanding of monetary policy. As one former Secretary to the Treasury once commented to me;
"If only politicians understood the basics of Economics 101, we would be a lot better off". These tax cuts would not make the country better off.
THE WAIKANAE BEACH CHRISTMAS MARKET 2025
WHEN:-
Sunday 14 December - 10am - 1pm
LOCATION:-
Waikanae Beach Community Hall
22 Rauparaha Street,
Waikanae Beach
FUN FOR THE KIDS:-
Guess who's making an appearance at around 11am? He'll be flying out again around 12ish so make sure you take a photo of the kids with him! He may even have a few Christmas treats in his sack!
DISCOVER UNIQUE AND QUALITY ITEMS:-
With Christmas just around the corner, this is a great opportunity to do your Christmas shopping at the market where you'll find a huge variety of high-quality, reasonably priced Christmas gift ideas. You'll discover handmade treasures and local creativity by highly talented stallholders where every piece tells a story.
GIFTS FOR THE KIDS:-
Meet local author Mik Peryer (the "Waikanae Birdman") and view his many children's adventure books along with Jane and her handmade crochet toys, along with Helen and her huge range of awesome handmade children's dress ups and dolls clothes etc.
MEET UP WITH YOUR FRIENDS AND FAMILY:-
Meet up with family and friends and enjoy a Sunday outing with a visit to this great, friendly community market.
Don't miss it... support local!
Heirloom Veggie Plants Waikanae Market this Saturday
This will be the last week form heirloom tomatoes. Still some stunning varieties available.
Kumara plants ready to go right now! Get them into the ground now for a great Autumn harvest and winter storage.
Plus our range of zucchini, cucumber, kumi kumi, gherkins and pumpkin,
basil, chives, mint and capsicum.
Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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73.1% We work hard, we deserve a break!
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16.2% Hmm, maybe?
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10.7% Yes!
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