New Zealand Hands Out Extra Cash to Fight ‘Inflation Storm’
The payments are part of a package of new measures announced in the government’s annual budget. Other plans include increasing health spending by a record amount, putting more money into reducing greenhouse gas emissions and boosting defense spending.
far out.
and to think my university level economics studies never mentioned
a tactic to combat inflation . . . . . was to print money.
Billionaires – lol, my thoughts exactly. Kate has a great headline. Another would be Putting out fire, with gasoline “
Using “Putting out fire with gasoline” regularly would get Bowie’s estate after you for copyright infringement.
Kinda starting to look like this is no longer attributable to simple stupidity.
Johnboy – Hanlons razor and sometimes Kate: “Never attribute to malice that which is adequately explained by stupidity.”
That line was invented by malicious people.
But in this case it is actually “Never attribute to stupidity that which is adequately explained by malice.”
They are doing this deliberately. What they don’t understand is that eventually we will all be Sri Lankans.
Stupid people can be very malicious.
Before Covid, I used to think people were just stupid or evil. I no longer think that. They are/can be stupid AND evil.
Yes. JG, they most definitely can be both. The country has more of them than any country needs.
Old Trudeau ran gigantic deficits while interest rates went through the roof to fight the inflation caused by his deficits.
It’s like driving your car with both the accelerator and the brake pedal mashed to the floor.
Goverments like inflation; ot reduces their debt and increases their revenue. It also destroys peoples savings, jobs and lives. Just like lockdowns.
That’s a feature not a bug.
It also enables politician’s savior complexes … case in point … Gavin Newsom is gonna rescue beleaguered Californians …
https://www.sfgate.com/bayarea/article/Newsom-proposes-inflation-relief-checks-17170996.php
Woo hoo! I’m gonna get an $800 check from the supermajority leftist CA Legislature!!
Is anyone in that country working these days and paying taxes?
Certainly NOT in the tourist industry … that industry wasn’t … “essential”. Remember that? “Essential” businesses?
Prime Minister Creepy Little Dictator has his team studying on how he can dress up as inflation.
I think he misunderstood the phrase ‘address inflation’.
Lemme guess. The architects of this folly had a Piled higher & Deeper in Economics…
“Hands Out Extra Cash to Fight ‘Inflation Storm’”
So to clarify, government prints more inflation currency and then takes more from the working “rich” middle class to give to the non-working poor to redistribute remaining wealth instead of creating jobs. Fixed it.
Don’t worry … the music is about to stop … and there’s only ONE chair left
I saw Andrea Horwath talking about the “folks” at the evil oil & gas companies gouging us poor citizens and a thought crossed my mind. Who would you rather gouged you – the evil oil & gas companies or the government?
At least I’m getting something for my oil & gas money. The gubmint? Sweet FA.
Does this idiot really think it will work?
Lol…fighting fire with gasoline. Stupid Kiwis…
In 1984 and1986 New Zealand was in fiscal hell due to their socialist politicians.
There were stories that the police had to rent cars because they could not afford to buy any.
However it was, the socialist politicians and the ruling class have not learned a damn thing.
As you may know the socialist/fascists have this meme, it is in the sense that the previous socialists/fascists did not know how, today we we know and will do better.
Yeah ,,,,, right.
” and supply issues made worse by Russia’s invasion of Ukraine.”
Life Follows Art dept.
Back in the USSR :
https://www.youtube.com/watch?v=nS5_EQgbuLc
New Zealand is increasing their defence spending?!
What? New Zealand can’t even defend their own airspace. They have no ability to service the TWO ships that are capable of actual warfighting in their navy.
New Zealand’s entire defence policy is to defend their lands to the last Australian and then bend the knee to China.
If they have increased spending then what has really happened is they have given more cash to New Zealand Rugby cause grud knows the All Blacks are the only part of New Zealand that still scares people.
Huh. Sounds like another country I can think of….
Also on the Kiwi military:
Did we all note that there is no NZ in AUKUS?
Sure, there is no CAN either, but at least NZ is still part of the Asian Pacific region.
When AUKUS was announced it was also reviled that the future of Australian submarines was going to be nuclear (and did NOT see that coming by the by). The South Seas Tyrant promptly made the statement that RAN nuclear ships would be banned from New Zealand waters.
Tough talk. You plan to enforce that HOW? With your two warships and half dozen patrol aircraft? If Australian wanted to push submarines into New Zealand waters the first the Kiwis would know about it would be when we published the photos on Instragram.
Seriously New Zealand, you want to be a real nation then either lift your game and stand proud for your values or just admit you simp for China.
The whole notion of Australian & Kiwi defence is a sad sad joke.
They have been “woke” for much longer than the rest of us, their countries are stuffed full of Chinese spies and espionage agents.
Check out Australian university Chinese enrolment. A big joke on the Austrian citizen who thinks they have “defence”.
https://www.statista.com/statistics/430276/number-of-chinese-students-in-australia-by-education-sector/
https://www.scmp.com/economy/china-economy/article/3170140/chinese-students-return-australia-wooed-person-classes-and