] VIDEO: Journal 24 on tax cuts and the Irish inspiration - Rt Hon John Key
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24 October 2007
VIDEO: Journal 24 on tax cuts and the Irish inspiration

24 October. Just back from a nine day trip to Ireland and England, John talks first about tax cuts and how important they are if New Zealand is to flourish. Then he talks about the Irish economy with special reference to comments posted in response to his Ireland visit video and the latest Key Notes.

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#1 - Michael Miskin said:
2007-10-24 23:30 - (Reply)

Remember that NZTV interview of the Irish Minister of Education a year or so ago? I waited for the obvious question: "Minister, how can you afford to make university education free?", and of course, the oh so obvious answer: "How can we afford not to?". And therein lies one of the key issues as to why Ireland has forged ahead of us. Yet again today I met a fellow tourist operator commenting upon how his accommodation business has struggled ever since the NZ dollar was allowed to soar to such ridiculous heights.

#2 - John Chant 2007-10-25 09:31 - (Reply)

John. Not so very many years ago my wife and I took a week's side-trip to Southern Ireland whilst visiting our families and friends in the UK. We fell about laughing at the sheer cheek of the Irish in relation to their road-building programme. Just about the first thing that struck us when we disembarked was the proliferation of blue signs, each with a ring of stars, proclaiming how they had 'conned' the EU into financing the construction of their roads. No doubt, being the shameless leprechauns that they are, they had cried poor and got their hands deeply into the EU till. No wonder they are prospering! Regretably we don't have access to such easy money and must fight our corner alone. Such a shame, what? JAC.

#3 - Lauren Edwards said:
2007-10-28 09:04 - (Reply)

Why is it that every other positive economy round the globe has implemented tax rate cuts and interest rate cuts in order to maintain the buoyancy of their market? (www.marketwatch.com) It seems to me that it wasn't that long ago we remember NZ as a real #8 wire, give it a go, type environment. Where if a person was prepared to put effort into trying something new to get ahead (and help others via employment) the infrastructure was behind them. How on earth did NZ change from such a positive environment into a nanny state, where genuinely intelligent people can't possibly make sensible decisions about their own futures, in such a seemingly short period of time? The immorality of ACC having so much money they are investing in property development, funding Eden Park and owning retail office space (Wakefield St, Wellington) - using our hard earned tax payments to do so, is just another key example of how the real drivers of the NZ economy are being shafted - the SME business owners. Thankfully we have just purchased a property on the Gold Coast to escape to in the not too distant future - maybe we should be looking at a cottage in Cork as well???

#4 - Andrew Prieditis 2007-10-28 21:54 - (Reply)

John: I've recently returned from living 6 years in the United States. It is there that my eyes were opened up to the principles of limited Government in action and lower taxes. I do hope that in the next election, the National party pushes taxes as a big issue as I think, with enough persuasion of the NZ public, it could be the single factor which pushes the party over the winning line.

#5 - carol 2007-10-29 21:09 - (Reply)

Anywhere in the world has to be a far better option than what my husband is paying in taxes here. 39%plus 24% for child support.Even Belfast where he would risk getting his knee caps blown off sounds kind of inviting right now compared to our poverty.

#6 - Bryan Dick 2007-10-30 23:23 - (Reply)

Would that New Zealand had a benevolent European Union to fund the infrastructural benefits that Ireland has. The trouble with NZ is that we have been worshipping the Irish model for 10 years., both National as well as Labour but it seems that worrship has achieved little. What is the answer??


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