class war
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Nobody else is doing it so why should we?
Written By: - Date published: 7:26 am, January 21st, 2010 - 70 comments
A commenter asked an interesting question yesterday: of the countries that are wealthier than us, how many have aligned their top income, corporate, and trust tax rates? And which countries are they? Well, I did some looking and here are the countries with higher GDP per person than us and their top tax rates: […]
Foreign banks buggering NZ
Written By: - Date published: 4:34 pm, January 10th, 2010 - 86 comments
I’m no big city banker. But I was under the impression that profit is the income that is left over once you’ve paid your costs. Once you pay your tax on that, your net profit is what is left to pay to the owners as dividends or reinvest. So how the hell did the Aussie-owned banks […]
Just asking
Written By: - Date published: 10:40 am, December 11th, 2009 - 11 comments
It has been treated as gospel that if the Australians, for inadequately explained reasons, drop their corporate tax rate from 30% to 25%, then we, for inadequately explained reasons, will have to follow suit. Why? Where is the proof that the $900 million a year that cut would cost us is justified? Did the economy […]
Shame on you
Written By: - Date published: 12:30 pm, November 26th, 2009 - 77 comments
Never in the history of New Zealand politics has so much taxpayers’ money been hurled into the chasm with such contempt for the poor citizens who will pay billions out of their own dwindling pockets forever while rich polluters wreck the earth with impunity and bask in the profits. Never in the history of NZ […]
Doctors speak up against ETS
Written By: - Date published: 7:41 am, November 19th, 2009 - 4 comments
A couple of days ago I raised (again) the question of why we don’t see more experts, scientists and academics contributing to public debate. Well here’s one example where they are doing so: Docs say emissions trading scheme will hurt Kids Senior doctors today said that the intended changes to New Zealand’s emissions trading scheme […]
More jobs and pay bad – JPMorgan
Written By: - Date published: 11:19 am, November 13th, 2009 - 7 comments
I was sent a press release from financiers JPMorgan in Australia. There’s a line in it that reveals much about how the capitalist class views the rest of us. “labour shortages and wage pressures probably will rear their heads again. This will, of course, be a concern for the RBA [Reserve Bank of Australia]” Let […]
The myth of upward mobility
Written By: - Date published: 9:00 am, November 6th, 2009 - 62 comments
Yesterday, we looked at what a vastly unfair and unequal system capitalism is. The control of the fruits of production by the few means that wealth accumulates to them and the rest of us get a pittance. The wealthiest 10% of people own over half of the wealth of this country – net worths of […]
Is this as good as it gets?
Written By: - Date published: 10:59 am, November 5th, 2009 - 66 comments
Most of the wealth in New Zealand is owned by a tiny fraction of the people because our political/economic system makes it that way. 10% of people have more income than 50% combined. That’s just income. The inequality of wealth distribution is far greater. The net wealth of 10% of people is 20 times […]
Remember who they’re fighting for
Written By: - Date published: 8:30 am, October 28th, 2009 - Comments Off on Remember who they’re fighting for
This memo was sent by the Insurance Council to its members in 2005 but it may as well have been sent this week. Because as sure as National was keeping its agenda secret and having clandestine talks with the insurers about privatising ACC in 2005 they will be having the same talks under wraps while […]
Dead peasant insurance
Written By: - Date published: 3:33 pm, October 10th, 2009 - 18 comments
In case you needed reminding how completely deviod of morals and ethics unbridled capitalism is, meet dead peasant insurance. Here’s Mark Ames of Exiled Online‘s beautiful rant against employers making money off their workers’ deaths, and the whole screwed up, unethical, inhuman system:
First we sack you then we spy on you
Written By: - Date published: 1:12 pm, September 20th, 2009 - 14 comments
The Sunday Star Times reports [page 4, currently offline] that Telecom has hired a private investigation company, Corporate Investigations, to spy on the lines engineers it sacked and is now trying to force into dependent contracting. That’s right, not content with ripping these workers’ livelihoods out of their hands Telecom now has them under surveillance […]
Corporate bully-boys step it up a level
Written By: - Date published: 6:14 am, September 18th, 2009 - 16 comments
The Open Country Cheese dispute is underway. Workers are striking against the bosses’ attempts to casualise their hours and reduce their conditions. They are not striking for huge pay increases, despite the lies of Open Country. Open Country Cheese, part-owned by the notorious Talleys and tied to various National MPs via the Dairy Investment Fund […]
What next, Soylent Green?
Written By: - Date published: 5:31 am, September 16th, 2009 - 29 comments
The Wall Street financiers crapped out on their sub-prime gambles, inflicting economic devastation on the taxpayers who generously bailed-them out in return. Now, they need a new gamble, a new game in which they bet using other people’s money while skimming off the cream for themselves until it all collapses. The new game? Betting on […]
Capitalism, it’s not a love-in
Written By: - Date published: 5:10 am, September 2nd, 2009 - 38 comments
I find the Right’s assumption that the bosses are acting in some greater interest fascinating. There’s this unwillingness to believe that the bosses would be acting in their own interests and that what’s in their interests are often not in the interests of the rest of us. Look at the comments yesterday on the Telecom […]
Reverse Robin hood
Written By: - Date published: 8:47 am, August 15th, 2009 - 26 comments
John Key’s policy to get kids into sport turns out to be a transfer of dollars from low decile schools to high decile ones. When I say “policy” what I should say is “photo opportunity” as Key launched the scheme at a South Auckland school (ironically it will be South Auckland schools are most likely […]
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