Tax under Labour
May 31st, 2005 at 1:57 pm by David FarrarBernard Wooley has a nice graph showing actual tax receipts by Treasury/IRD and how it has skyrocketed under Labour.
And as the polls show, most NZers don’t think the servies have improved despite all the extra tax.
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May 31st, 2005 at 11:34 pm
But surely you have to include some sort of scaling to reflect the economy too.
If the economy is going well, unemployment is down and everyone is generally making more money – tax revenue will increase too.
Vote:June 1st, 2005 at 7:08 pm
Yep, that can be the case. Then I guess we could check out the surplus and see if there is room for a tax cut. We could check to see if the government expenditure has been on the increase, and then check to see if outcomes have improved.
Wait on, we have a surplus, and we aint getting any back.
Not only that, but they have been ramping up spending. Ignoring Hip Hop, Job Jolt, Wananga and Johnathon Hunts taxis and pension costs we soon see they have increased the public service by over one billion dollars, and health spending has increased by 3 billion over 6 years, and waiting lists are longer.
As the government increases spending, the RBNZ keeps trying to cool the economy. Interest rates have had at least 8 increases over the last two years. It seems the government doesn’t care about interest rate indicators. Why should it, its revenue has been increasing.
When a “market adjustment” happens, it will be middle class NZ that will suffer most.
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