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on Sunday, August 21st, 2011 at 6:28 pm and is filed under #ownourfuture, Cost of Living, GST, Tax.
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Does the video measure before or after tax wages?
@Nick – After tax cut when talking about the rich, before tax cut when talking about the poor. It’s more effective that way.
If only people on minimum wage and benefits voted.
5 minutes. Yep, that’ll get the average voter excited.
So Caramel can you explain why the cost of living was so high at the end of 2008 when Labour left office?
(And note that was when GST was at 12.5%)
The economy was in its third consecutive quarter of recession having shrunk 1.5% in nine months.
Inflation was running at 5.1%, at the time the highest since 1990
The major contributors were:
Household Energy up 7.5%
Hospital Services up 7.1%
Private Transport up 21.5%
Real after tax wages were down by 0.8% over the preceding year
Real exports had declined 2% over the preceding year
Tradeable part of the economy had been in recession for four years
Current Account deficit was at 8.6%
The monthly food price index had an 18-year high of 10.8%.
Fresh fruit up by 14% over the last year
Vegetables up 22.3%
Mutton/Lamb up 17.3%
Bread up 16.5%
Pasta up 18.2%
Cheese up 42.3%
Life expensive Poories have tight belts
@lovethatchainfeeling…nice try… your going to have to do a lot better than that to make anyone take more than take pity on you… those of us who inhabit the real world know just how much the price of living has skyrocketed over the last year in particular…and no amount of half cooked, pseudo intellectual posturing is going to stop a single(ordinary) person from knowing that..
we accept that there will be some who’ve never had a hungry day in their lives who won’t understand, or care about the difficulties of obtaining the necessities of life that large, and growing rapidly larger,numbers of people are having to face….
that is their failing.. no-one elses…
Where do you think inflation comes from?
Do you have any understanding of the international monetary system? Do you do any reading on this subject?
Rather than offer poor solutions for what are merely symptoms I suggest you answer those questions.
Nice visuals very attractive presentation an extra $8000
a year sounds good to me.Reduce the price of milk by selling it as a lost litre instead of wine and Im sure youl get more votes.
Who’s supposed to sell milk as a loss leader? The government of the day doesn’t sell milk.
Are you suggesting that a Labour government legislates to force shops to sell milk at a loss?
Or is it supposed to set a price which is lower than the producers can get elsewhere and make up the difference by subsidising out of the taxpayer’s pocket?
Apart from the chance of a election campaign slogan I’m not sure what you’re suggesting here.
While the cost of healthy foods and lean meats has shot up, junk food and takeaways are more affordable. You know, when Labour first announced its policy of abolishing GST on fresh food, I thought it wouldn’t really make much difference, as fruit and vege prices fluctuate so much it would be hard to know if the GST reduction had made much difference at any given time. However, I support any policy that gets NZ off its addiction to fatty, salty fast food and the GST policy is a start. I would also like Labour to have a second thought about a tax on unhealthy (high sugar and fat)foods, which I believe was Greens policy but Labour didn’t support it (correct me if I’m mistaken). Something has got to be done to save the health of this nation or else we will have generations addicted to McDonalds, KFC and V, and massive rates of diabetes, heart attacks and obesity.
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