Govt money going to the wrong people.

[ngakonui grass]

My daughter in law earns approx 45k per year so she is getting the C O L allowance.

Doesn't seem to matter to the Govt that my son earns approx 86k per year.

Plenty out there that deserve the hand out,this is a vote buyer imo.

[mardigras]

46 minutes ago, ngakonui grass said:

My daughter in law earns approx 45k per year so she is getting the C O L allowance.

Doesn't seem to matter to the Govt that my son earns approx 86k per year.

Plenty out there that deserve the hand out,this is a vote buyer imo.

I doubt it will buy any votes. It won't buy much of anything. Just wasting more government funds.

Edited July 31, 2022 by mardigras

[ngakonui grass]

39 minutes ago, mardigras said:

I doubt it will buy any votes. It won't buy much of anything.

You are correct but my main point is that its not properly targeted

[mardigras]

17 minutes ago, ngakonui grass said:

You are correct but my main point is that its not properly targeted

You're probably right. The idea is more the problem to me. It would be difficult to target the correct recipients, whilst still making it a simple exercise. So they shouldn't have come up with the idea.

[Happy Sunrise]

In an age of buzzwords, where sustainability is near the top, the Government come up with this.

The fact your household income makes no difference is ridiculous. A person could be married to someone on 500 000 and still get it.

The lack of brain power is incredible.

[Maximus]

It is not Government money. It is taxpayer money.

The COL payment is ridiculous. If they want to do something meaningful to make it easier for people to get by, there's any number of actions that would help more than this:

egs:

• reduce GST from 15% to 10% ..even 12.5% would help 
• scrap GST on fruit and vegetables
• reduce Income Tax thresholds for low-middle income earners
• remove any of countless taxes/fees on fuel and vehicles

MM

Edited August 1, 2022 by Maximus

[pete]

Just read in the Herald that a guy living in Dubai who hasn't lived in NZ for 22 years got an email advising the payment would be in his account within 2 days.

 

[Bloke]

I agree that the payment is pointless. However, look at Rob (the socialist) Muldoon"s  National Super. We have wealthy Baby Boomers getting it and I guess the argument from wealthy baby Boomers is that they paid their taxes.

When my youngest was at university she flatted with two Southland girls and each parents were Dairy Farmers . These girls received a payment from the government of around $200 a week because their parents earned under a certain thresh hold.

That is because the farmers had their  very large farms in Trusts and as trustees distribute themselves the minimum to ensure that the receive Working for family, University support payments etc.

 

 

[Bloke]

21 minutes ago, pete said:

Just read in the Herald that a guy living in Dubai who hasn't lived in NZ for 22 years got an email advising the payment would be in his account within 2 days.

 

Well he probably earns some NZ Income and is paying his tax to the IRD.

[Globederby19]

25 minutes ago, pete said:

Just read in the Herald that a guy living in Dubai who hasn't lived in NZ for 22 years got an email advising the payment would be in his account within 2 days.

 

I think the IRD are making the decisions from what I can gather. It just gets worse doesn't it. I have run out of superlatives for these clowns. I can remember Muldoon's idea of scrapping Super, which has been labelled as  the worst financial decision in NZ history, and is partly to blame for where we are now.

This Labour Govt cant be very far behind in their fiscal management.

[pete]

6 hours ago, Bloke said:

Well he probably earns some NZ Income and is paying his tax to the IRD.

Well if that's the case it proves what an utterly stupid idea this was in the first place.

One can only imagine how much money thus guy is earning in Dubai.

[mardigras]

12 hours ago, Bloke said:

I agree that the payment is pointless. However, look at Rob (the socialist) Muldoon"s  National Super. We have wealthy Baby Boomers getting it and I guess the argument from wealthy baby Boomers is that they paid their taxes.

Should be means tested, like in Oz. Also, things such as Superannuation - it should be compulsory and at least 10% contribution rate (I'd support a government enforcing 15%+). If people think they are going to have enough to live on using Kiwi Saver and the pension, many of them are dreaming.

Pension as it is now has a good chance of being a thing of the past.

[Globederby19]

1 hour ago, mardigras said:

We have wealthy Baby Boomers getting

What gives you the impression with that sweeping statement we are wealthy. I would like to think that my wealth comes from hard work , long hours and no hand outs, much like the majority of Boomers.  And I am by no means wealthy. I will take the super with open hands thanks, and put it to good use. You just keep on working Bloke ,so I can prosper at your expense.

[mardigras]

7 minutes ago, Globederby19 said:

What gives you the impression with that sweeping statement we are wealthy. I would like to think that my wealth comes from hard work , long hours and no hand outs, much like the majority of Boomers.  And I am by no means wealthy. I will take the super with open hands thanks, and put it to good use. You just keep on working Bloke ,so I can prosper at your expense.

I didn't make that statement 🙂 

[Globederby19]

4 minutes ago, mardigras said:

I didn't make that statement 🙂 

Sorry Mardi,  it was from Bloke. Apologies

[Bloke]

4 hours ago, Globederby19 said:

Sorry Mardi,  it was from Bloke. Apologies

I will clarify. I did not say all baby boomers were wealthy but probably should have said that some wealthy baby boomers are receiving National Super. 

[Hesi]

A lot of baby boomers got asset wealthy, through the increased equity in their property, which then enabled them to easily purchase one or more investment properties, increasing demand, thus helping to push up prices.  Banks like borrowers with lots of equity.

Any Govt does not like to talk about house prices dropping, as so much small business lending is secured against property.

 

[Maximus]

On 7/31/2022 at 8:49 PM, Bloke said:

Well he probably earns some NZ Income and is paying his tax to the IRD.

probably an absentee landlord with a multi-million dollar shack in Parnell/Remmers that he's rented out

[Bloke]

On 7/31/2022 at 8:56 PM, Globederby19 said:

I think the IRD are making the decisions from what I can gather. It just gets worse doesn't it. I have run out of superlatives for these clowns. I can remember Muldoon's idea of scrapping Super, which has been labelled as  the worst financial decision in NZ history, and is partly to blame for where we are now.

This Labour Govt cant be very far behind in their fiscal management.

When the Labour Government introduced Kiwi Saver back in about 2007, National oppossed the Bill even though  National is supposed to be the party of personal responsibility

When I look back at Acts of Parliament in the last 20 odd years I put Kiwi Saver first by a country mile.

[Maximus]

...and no one...no one.. has managed to make Third Party Insurance compulsory in this country  The most simple sensible piece of legislation to protect all drivers from the  financial misery of accidents they didnt cause .

MM

Edited August 2, 2022 by Maximus

[Maximus]

Luxon today on COL payment

"It's not the Government's money, it's taxpayers' money 

Max said it first on this thread. Contemplating calling himout for plagiarism ...

MM

[Honest john]

On 8/1/2022 at 3:23 PM, Hesi said:

A lot of baby boomers got asset wealthy, through the increased equity in their property, which then enabled them to easily purchase one or more investment properties, increasing demand, thus helping to push up prices.  Banks like borrowers with lots of equity.

Any Govt does not like to talk about house prices dropping, as so much small business lending is secured against property.

 

 

I went onto super this year,  don't need it as I retired 4 years ago. Living off  assets acquired  while working for myself for 25 plus years.  I have art my wife collected,  she selected,  I'm a dumbarse hornby boy.  I also have money hidden. 

Son earns in excess of 100k but daughter in law is part time but she gets it.  She was laughing at this in the weekend.  Whoever is making these decisions is out of there depth, in a puddle. 

[Our Maizcay]

yep same situation, my wife got it when i earn enough that we don't need or deserve it

we'll give it to a cause that supports people who do need it, and I don't mean the TAB 🙂

i imagine the admin cost of doing something to address this, for example means testing or household income, outweighed the cost of paying it to people who don't need it

[Globederby19]

1 hour ago, Our Maizcay said:

i imagine the admin cost of doing something to address this, for example means testing or household income, outweighed the cost of paying it to people

In that light we read from the Labour Social Media posts that we are supporting 2.1 million people. It transpired the first round of payments only went to 1.3 million. That number might increase once various things have happened with Tax returns and databases and other computations, but would it hit 2.1 million. ?

Inland Revenue couldn't say, it was delivered with a Caveat that it had no idea how accurate the estimate was. Nor could they estimate how many people were getting it who were ineligible for it, despite David Parker,s estimate of about 1% . It remains unclear whether that was 1% of 2.1 million or 1.3 million. Nonetheless , Labour is not rushing to change its advertising to the more accurate " we might one day be supporting 2.1 million, but we cant be sure.

Instead it sent out an email to its supporters saying it had just given $116 to 2.1 million- and now would people mind giving Labour $10 in a donation for its generosity. They argued, that was still more people getting it if they had been asked to apply for it. Instead people are being asked to repay it out of the goodness of their hearts. Back to Maizcays quote now.

Inland Revenue are now simultaneously engaged in hunting down more people to give money to and processing money being paid back. FFS

Like watching Octopuses playing Twister. 

Note;  Australia is looking better every day.

[Maximus]

3 hours ago, Our Maizcay said:

yep same situation, my wife got it when i earn enough that we don't need or deserve it

we'll give it to a cause that supports people who do need it, and I don't mean the TAB 🙂

i imagine the admin cost of doing something to address this, for example means testing or household income, outweighed the cost of paying it to people who don't need it

imo they could at least have made an ongoing fundamental 'saving' for everyone by reducing GST to 12.5% or 10% and/or taking GST off fresh fruit and veges. Or raised the threshold for Income Tax so those who earn low-moderate income get the savings.