That the jolly old National Government did their big economic recovery thing, increasing GST (that's Goods and Services Tax) to 15% and simultaneously added 7c per litre to fuel. Of course they claim that we will all be better off because of tax cuts - but will we?
Well, not in my household. The alleged tax savings have already been eaten up by
- increased power bills since they came into power
- increased rates since they came into power
- increased car registration
- increased ACC contributions
- reduced funding of schools means they are asking for more and more
So who exactly will be out of pocket? Well
businesses aren't happy - the cost of changing prices runs into millions and the equation used to calculate returns is far more complicated. Consumers won't be either, everything is going up, which means the so called tax benefits will go to shrewd retailers.
But of course the government is fixing everything else - like murdering the
health sector. When will New Zealand wake up from hibernation and realise they have elected a bunch of fraudsters to govern?
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