Another whopping surplus
February 28th, 2007 at 2:13 pm by David FarrarTreasury has just published the half year accounts for the Government, and surprise surprise an ever growing surplus.
It is now at $4.47 billion. To be fair most of the increase above budget are one off revaluations, rather than changes to core revenue and expenses.
Talking of revaluations, the rail network appears to have been revalued upwards by $10.3 billion – that’s a huge net worth increase.
No tag for this post.
February 28th, 2007 at 4:43 pm
Given what is happening on the international markets today that is good news
http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10426242
Vote:February 28th, 2007 at 4:57 pm
The latest morgan poll which was taken about Waitangi day (which John Key got all the political miliage) has National shooting up into the upper 40s and Labour falling sharply into the mid 30s.
Vote:February 28th, 2007 at 5:10 pm
As i have stated before ,we have piles of money but the queer ,leso,nazis ruling us didnt have ANY money to save MOLLY my hard working labour voting lovely mother in law, COULD have saved the leg but MOLLY was past the used by date,I HATE LABOUR??? (have any of them actually worked) .I actualy hate the warted helen,You and i are not in her big picture, Wish i was a SUNNI (think about it)
Vote:February 28th, 2007 at 5:12 pm
As i have stated before ,we have piles of money but the queer ,leso,nazis ruling us didnt have ANY money to save MOLLY my hard working labour voting lovely mother in law, COULD have saved the leg but MOLLY was past the used by date,I HATE LABOUR??? (have any of them actually worked) .I actualy hate the warted helen,You and i are not in her big picture,
Vote:February 28th, 2007 at 5:12 pm
Looks like there’s need for some of that Tory Charity with this rampant over-taxation.
Vote:February 28th, 2007 at 5:12 pm
As i have stated before ,we have piles of money but the queer ,leso,nazis ruling us didnt have ANY money to save MOLLY my hard working labour voting lovely mother in law, COULD have saved the leg but MOLLY was past the used by date,I HATE LABOUR??? (have any of them actually worked) .I actualy hate the warted helen,You and i are not in her big picture,
Vote:February 28th, 2007 at 5:19 pm
Labour is doing really well isnt it.
Vote:February 28th, 2007 at 5:29 pm
Can’t wait for 2008 will be like all our Christmas come at once.
Prehaps Dear Leader will now be able to afford to upgrade broom stick one or get a new pumpkin to ride in. What about a new national stadium on the waterfront or a large feedout pad with extra large troughs so they can fit all their fat snouts in at once. Shit, the skys the limit.
Vote:February 28th, 2007 at 5:37 pm
Can we drop the references to “queer ,leso,nazis” please. That’s beyond my tolerance level.
Vote:February 28th, 2007 at 6:09 pm
David ,people IE POLICE get taken to court and get charged and there lifes could be ruined and this art forger etc etc cannot step up to the plate and act like a leader and save them, I HAD TO GET THERE ON TIME,its a big game to the pm, a photo opp(I KNOW NOTHING SAW NOTHING ,WILL TAKE NO RESPONSIBLITY) shes only the leader of the country.David Its my families life affected by helen and her strange band of labour party members, but im only a white skilled middle class New Zealander(hated and dispised) stopping the browning,Im not the one going down hill fast due to a third world health service , BUT if i was a romanian child that another issure, $5000000 to spare
Vote:February 28th, 2007 at 7:45 pm
And there, ladies and gents, is the demographic the Iwi/Kiwi billboard clearly left an indelible dent on…
Vote:February 28th, 2007 at 8:09 pm
I’m inclined to have a lot of empathy for ik. Ever thought of flour power?
If you cant stand the heat (anagram hate)….
Re the surplus, National should convince them to give it all to charity and cut out the middle man (us!).
Vote:February 28th, 2007 at 8:23 pm
Sonic, I know its too late to get a comment from you but if it is really crunch time then a paltry $4.5bn isnt going to save our sorry arses after 50 years of creative government spending of our ever increasing taxes on the underclass that never was.
Tim, question 40s? how on earth? Who now speaks for us hard working suckers like iwikiwi who have to pay for all this crap? Are we really less than 30% of the polulation?
Vote:February 28th, 2007 at 8:26 pm
The rail network valuation appears to be bogus.
The value of the rail network on the books of the NZ Railways Corporation recently was about $90 million. Even when owned by Tranz Rail Ltd it was valued about $350 million, considered to be an inflated level.
It is hard to see how you can go from that to $10.3 billion.
Vote:February 28th, 2007 at 9:19 pm
It is hard to see how you can go from that to $10.3 billion.
Prior valuations had different underlying assumptions.
Vote:I do like how the revaluation decreases the surplus (increased depreciation).
March 1st, 2007 at 12:26 am
i am hated by Labour. heres why…
Male – check
Single with no kids – check
white – check
straight – check
employed – check
high income earner – check
landlord – check
labour HATE everything about me. to them i am a source of revenue.
Vote:March 1st, 2007 at 12:42 am
iwikiwi said “David ,people IE POLICE get taken to court and get charged and there lifes could be ruined and this art forger etc etc cannot step up to the plate and act like a leader and save them,”
Erm iwikiwi, you shouldnt be commenting on this case at this point in time.
What is it with you nats?, HC is the best PM we have ever had, and certainly a cut above any contenders national has thown at us.
Vote:March 1st, 2007 at 12:50 am
It is hard to stomach
There are so many people who are left with next to nothing at the end of the week and we see this size surplus.
The sad fact is it will be used next year to get themselves back into government.
Nevermind the $800,000.00 they used last election illegaly. By this time next year they will have 5 Bil to spend on pet projects with the sole purpose of retaining power.
Vote:March 1st, 2007 at 6:26 am
I suppose we can expect the trade union movement to start clamouring for a tax break… in the same way they are looking for their “share” in the Air New Zealand profit result…yeah right.
Vote:March 1st, 2007 at 8:28 am
The Enemy (dime), Almost right but I win:
Replace not single no kids with:
Married with kids
No finer enemy has ever existed.
Vote:March 1st, 2007 at 8:56 am
And the other problem caused by Labour is the reform of the mental health system.
Moving people from institutional care back into the community has had a terrible impact on blogs and their comments features.
Vote:March 1st, 2007 at 8:57 am
It must take quite an effort to be born into what is arguably the single most privileged demographic in human history and still turn out to be such a loser that you have to blame all your misfortunes on others. Kudos guys.
Vote:March 1st, 2007 at 9:15 am
Dont worry, egalitarianism and universality was just a minor glitch in the change over from the oligarchy to the poligarchy. In another generation or two order will have been restored to the galaxy, the politicians will be in absolute charge, the roads will be clear for their cronies only, and the surfs will be back in the field where they belong.
Vote:March 1st, 2007 at 9:51 am
They do love playing the victim don’t they Danyl.
Poor, oppressed, rich, white guys, its a tragedy I tells ya!
Vote:March 1st, 2007 at 9:58 am
I can only speak for myself Danyl and yes being a babyboomer in NZ has been and is a very great priviledge.
We live in a paradise compared to much of the world and only when you have been there and bought the T shirt do you understand.
But some of us have higher ambitions and expectations for ourselves and our fellow citizens.
It will surprise those who have referred to me as a facist a Nazi and other labels to know that I want to see zero hardship; for every child to achieve their maximum education potential; zero crime etc etc.
And these arent just some high minded ideals They come with a hard nosed economic understanding that if my fellow citizens are doing well then I will do well.
So this is why I will continue to speak up and speak out against politicans and any others who dont want to achieve my goals.
Vote:March 1st, 2007 at 10:13 am
Randimanity
It might seem like a bit of joke about Labours reform of the mental health system.
The consequences for us were that a good friend of ours was stabbed to death by a recently released head-case who had stabbed several others in the not too distant past for no real reason. The other cases being non fatal were dismissed as no sign of serious problems.
Reason #896 for despising Lairbour.
Interesting though, through this experience I also discovered the media are barstards. They will shit on anyone for a story.
Vote:March 1st, 2007 at 10:14 am
gd, I think you have been reading last decades pop motivational pyschology books,. You must really shell out another $3000 to get the newest versions so that your ‘goals’ are more inline with your ‘abilities’
Vote:March 1st, 2007 at 10:51 am
Yes, I agree Lance that the pathetic mental health joke was in very poor taste and make my rantings look tame.
Sonic and others, I am not worried for myself, its the future of the country I am concerned with. I am concerned for the poor hard working people of any sex or colour who have to pay for the political elite to have their wet dreams, junkets and social gerrymandering.
And one of the main hurdles to progress in this country is the archaic and mischievous bigotry from the left and MSM about who has money and power and who does not. I am not sure exactly what purpose perpetuating these lies serves but it alienates a large portion of the population. I have repeatedly asked for the names of these bad rich people and companies we are meant to despise and never receive a response.
As another thread indicates the government (and therefore I assume you) think these nasty rich people are the self employed. However the majority of the self employed in this country are the hard working underclass that I support – they fix drains, clear the trash and keep the country running.
Meanwhile the “right” on these blogs have no problem with identifying who they think the rich and powerful are – they almost unanimously agree it is the political establishment, that spends all its time shiting on the hard working people. So if you want to look for the privileged people in this country look no further than the politicians and their cronies.
Vote:March 1st, 2007 at 10:56 am
monckton I take it that you dont want to see any improvement. You are happy with the status quo.Its easy to take cheap shots but much harder to debate and put up alternatives. Socialist governments love people who quietly comply with their dictates. They hate people who challenge them.
Vote:March 1st, 2007 at 11:10 am
“And one of the main hurdles to progress in this country is the archaic and mischievous bigotry from the left and MSM about who has money and power and who does not”
Er you mean the oft repeated lie that rich white dudes are, rich and white?
Oh the humanity!
Vote:March 1st, 2007 at 11:17 am
Yes thats bigoted lie I’m talking about.
Appart from the obvious question as to what defines rich (total income, hourly rate, net worth etc) those that would be kings come in all shapes, colours, sexes and sizes.
Vote:March 1st, 2007 at 11:24 am
“those that would be kings come in all shapes, colours, sexes and sizes.”
True, but I’d bet a survey would show that the majority are part of the aforementioned “White dudes” demographic.
Vote:March 1st, 2007 at 11:32 am
Time will tell. It will be interesting to see whose whippin our asses in 10 years time.
Since we are all individuals I prefer to vent my bigotry on a case by case, rather than race by race basis, although one category I obviously have little time for is poiticians, expecially when they use our own money (surplus) to vent their wrath on us.
I suppose if you take a globalised view then it doesnt really matter what happens to NZ. Thats what I force myself to think when I’m relly upset – a bit like breathing into a paper bag.
What demographic(s) are you a member of, and what gets you upset?
Vote:March 1st, 2007 at 11:44 am
I’m part of the fictional electronic hedgehog demographic and get upset when I dont collect enough gold rings to hit the bonus stage
Vote:March 1st, 2007 at 11:55 am
Many middle income earners are struggling to make ends meet and unable to save a cent, however if they try to get ahead they are penalised with more tax……
In this country if you have a skill that is sought after and you can command good hourly rates, then good on you.
Why should you be penalised with huge taxes? And why should you be labelled “rich white dude”, when you have worked your arse off to get there?
Don’t bring racism into the argument
Vote:March 1st, 2007 at 12:02 pm
Absolutely peanut. Bigotry is bigotry, end of story. No one should be penalised or rewarded by the establishment purely because of the fate of birth into a certain demographic.
Vote:March 1st, 2007 at 12:20 pm
And furthermore, this govt does not appear to reward success, it seems to want everyone on a level playing field. That does not exist, even in nature.
And speaking of bigotry, how many university scholarships are given out to applicants, where the prerequsite is to be European or non Maori?
Vote:March 1st, 2007 at 12:44 pm
I hate the Government making money. I think they should run at a deficit. I would like to see more public services run into the ground.
Vote:March 1st, 2007 at 1:26 pm
To Sonic. I am what you dislike, a white middle class salary earner with a wife and kids, and I am also what makes up the MAJORITY of NZ. And like the majority of NZer’s I am rapidly becoming something I seriously dislike, a racist. BUT, like most Kiwi’s I am NOT a racist to the individual or small group, but am rapidly heading down the path of hateing the “group” i.e “The Maori”, “the Asian”. This is because your Govt and the MSM constantly bombard me with tales of woe and horror about these groups ‘as groups’. How they cause the problems or need more of my limited hard won resources simply to get where I got by my own hard work. I also see a Govt who is constantly more interested in these groups life and problems and have no care for my own. You have shown yourself to be the same but with a difference; you are a racist against me and my kind, not because of evidence but because of idealogical reasons (or is it jealousy?). If I truely wanted to be baised in my reply, I would simply ask you: who created the food you eat, the machines that processed it, the roads it travelled on, the trucks that moved, the computers that guided it or in fact ANY aspect of your life? Thats right, hard working middle class white males. check your history and please find me an example where I am wrong. But please also note that all of this was acheived with the team work of their families and fellow workers i.e typical average people. These people absolutely deserve to keep what is theirs and not to have it hoarded by any Govt for “redistribution” or “social engineering”
Vote:March 1st, 2007 at 1:33 pm
“check your history and please find me an example where I am wrong”
Your car? Hard working, middle class, yellow males?
(Somewhat facetious sorry)
Vote:March 1st, 2007 at 1:48 pm
Dean, I dont know you so why would I possibly hate you.
“who created the food you eat, the machines that processed it, the roads it travelled on, the trucks that moved, the computers that guided it or in fact ANY aspect of your life”
Not you mate.
Vote:March 1st, 2007 at 2:20 pm
Can anyone tell me how the surplus is to be used.
I don’t need to know that some will go on health, education and welfare. That’s a given.
However, what is the likely disbursement to useful national (little n) wealth creating policies and plans.
Vote:March 1st, 2007 at 2:42 pm
A large part of the surplus is from Cullens super-fund overperforming (again).
The idea is that when you’re old and don’t have an income this fund will help support you. The consensus here seems to be that this money should be instantly dispersed to white, single property owning males with high incomes.
Since I’m one of them this plan wouldn’t work out too badly for me, but personally I’d rather have the money in forty years time when I’ll actually need it.
Vote:March 1st, 2007 at 3:02 pm
“The consensus here seems to be that this money should be instantly dispersed to white, single property owning males with high incomes.”
That would never be expected, any reasonable person knows that the demographic you are describing don’t normally vote Labour and Labour would target it’s vote buying much more cleverly than that.
Since you suggest it’s wrong to give it out to people who “don’t need” it (even though it was mainly their money to start with) I do wonder quite what is valid usage for it (apart from claiming that 65% of the minimum wage is enough to grow old comfortable on) – do you have a Labour supporter special interest group in mind?
Vote:March 1st, 2007 at 4:08 pm
“Can anyone tell me how the surplus is to be used.”
I repeat as has been said above – it will be given away to their supporters to buy votes.
They used to call it corruption…
Vote:March 1st, 2007 at 4:35 pm
“Absolutely peanut. Bigotry is bigotry, end of story. No one should be penalised or rewarded by the establishment purely because of the fate of birth into a certain demographic.”
Well said….welcome to the Libertarian revolution comrade. ;-0
All the while there is an establishment that DOES reward certain groups with privileges there will be discontent and anger in this country.
And one day it will erupt into violence….
Vote:March 2nd, 2007 at 11:15 am
Aye an all james – a dangerous demographic:
- aging
Vote:- brought up under egalitarianism
- nothing to loose
March 2nd, 2007 at 5:46 pm
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