Just Left: Cost of Living asks what can be done about the current cost of living crisis. So I told him.
Quite willing to take undeserved credit for the good but not willing to take responsibility for the bad. Cullen is reaping what he sowed. Your socialist policies of increased middle class welfare and taxing the bejesus out of everyone so that net of tax people have not gained income on average is the root cause of these problems. There is a culture formed that people do not need to take responsibility for their own actions. The best thing Labour can do is call an election now so that National and a competent administration can take over. The problem is also caused by the high exchange rate meaning too much easy money flowing into New Zealand. While US & UK have a housing crisis the median mortgage servicing problem in NZ is far in excess of those. Incomes need to rise to service the debts. The only way that will happen is over the long term. That means cuts in corporate tax and increased capital allowances. But that is the honest option and Labour are too gutless. You want to buy some peace now. Cullen needs to drop taxes enormously and increase disposable incomes and incentives for business to invest. Raising the market demand for staff will raise incomes. But that wil take time and Labour do not have it. Cutting GST will fuel inflation. Cullen needs to force down the exchange rate. Bollard must drop interest rates