Nicola Willis pre-Budget announcement

Nicola Willis pre-Budget announcement
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[@stephenlaurence8650]

Safest Form of Money With the Reserve Bank (RBNZ) advocating monetary innovation by promoting Central Bank Digital Currency (CBDC) backed by government as the safest form of money, shouldn’t this be tested through referendum by New Zealand’s people who live, work, produce and occupy the economy. To me “backed by government” means public/fiscal deficits will still be created as debt. All this means is, instead of government selling Treasury Bonds to banks, it will sell digital bonds directly to the RBNZ guaranteed by our taxes (us). The only innovation is the extension of centralised power to the RBNZ. This questions’ whether commercial banks will still have the power to create money in the act of lending or will this have to be all done through the central bank (RBNZ). Banks will most likely go out of business with the RBNZ buying up all the debt to centralise power and control. Is debt-based money creation backed by government the safest form of money? I say NO! With so many drawing incomes from the taxes paid by productivity this can be acknowledged as a form of social credit. It is only fair real taxpayers see public/fiscal deficits funded by debt-free social credit. The debt-based monetary system is not serving New Zealand well Prime Minister, so give us some alternative choices so “we the people” can decide what the safest form of money is. Unelected people having the power to create debt-based money is not safe at all!

[@LauraTeAhoWhite]

Lets double exports! That's nice Brett O'Reilly, the problem is that the Reserve Bank are planning to raise the OCR which is going to make our exports more expensive. Do you think countries like China are going to want to import expensive milk when they are producing their own for cheaper?

[@LabourPartyFan]

Inflationary tax cuts will raise the OCR

[@jamesblewman]

@@LabourPartyFan Not necessarily so if there is a reduction in spending.

[@LabourPartyFan]

@@jamesblewman She is borrowing 15 billion

[@tooxtalivai0690]

@@LabourPartyFancorrection the reality is probs 30b come on man.

[@LabourPartyFan]

@@tooxtalivai0690 True. 15 billion for tax cuts and 15 billion for general expenses.

[@MrMarcol29]

NZ is going into a depression.

[@myresponsesarelimited7895]

It's ALL nato countries, we're all in recession from the big plans of disconnected greedy elite's, with no experience of the struggle the vast majority of us are weathering.

[@plumbus813]

Thanks to Labour

[@honeyholly001]

We are sitting on gold an oil and can feed eight times our population. Well never go into a depression while there are markets for these.

[@MrMarcol29]

@@honeyholly001 don’t forget we have the cleanest coal as well. But as you stated we are sitting on them.

[@tooxtalivai0690]

@@kimkay2196 cleaning up the governments mess which may I add this current lot added to. Question do you believe this bullshit? you do don’t you? 😂😂😂😂😂😂

[@myresponsesarelimited7895]

But it's the workforce not business that actually does the cutting. Is a symbiotic relationship, don't make it sound one sided.

[@bubbagump3793]

Pantsuit Polly and her budget! Gurlfriend sister woman! You are toast hun!😊

[@user-dh7nk6ee8h]

Welcome Nicole but I want week if you can help me with that the rest I'll work it out and I would love to meet in person labour didn't give me enough support with the truth

[@fun----]

Nicola doesn't read comments. Go directly to her office.

[@barrygeary9362]

How long before Nicola rolles Luxton

[@vickidixon6196]

What a good dream, so did you budget for your pay rise

[@peterburnett3735]

not a poor bastard among them

[@jamesblewman]

What NZ needs is a Ruth Richardson type of budget... that's how bad things are after 6 years of the worst government we've ever had. Unfortunately, despite their best intentions, it's hard to see the coalition government taking the tough decisions to turnaround the economy.

[@peterburnett3735]

when is it going to happen all hot air and repealing

[@frederickmiles327]

In some ways preparation and presentation are important for Ministers. Up close in different but crucial ways the core presenters and decision.makers of n the Bolger government were too rough and offered too little compensatory excitement in themselves or in policy liberalisation of the nation's traditional puritan, commonsense, belt and braces conservatism. Glamour, drama and excitement was absent.

[@LabourPartyFan]

Nicola is borrowing $15 billion to pay for unaffordable, inflationary tax cuts.

[@dianadixon4709]

Diana Dixon Deficit spending is now parabolic, put it simply, a scheme for the confiscation of wealth.

[@dianadixon4709]

What should be clarafied is Understnding Social Liberalism. Tip: Social Liberalism is the ideology of trickle up. It believes in social equality and social justice, but it is not socialism. If it were socialism, it wouldn't have the word liberalism in the title (and in fact, the whole concept is that it rejects pure socialism and pure liberalism and instead is a mash-up. A social liberal is a progressive liberal. Clintons and Obamas are more progressive and toward the social, one wing more neoliberal and classically and toward the liberal; all are looking for mixed -market solutions to social injustice that embrace planks of classical liberalism. The left wing evolution of liberalism is different than the classical form.

[@dianadixon4709]

In the economic form. social liberal economics is the idelogy of "trickle up economics" found in works ranging from Marx, to Mill to Keynes. It generally rejects both classical liberal economics and the economics of monopolies (both state backed and private). It seeks to use taxation, regulation, trust busting, and other progressive technologies to ensure a fair economy for all and to stave off economic inequality (even at the expense of using state power.

[@verdellellis4043]

Wellingtons weather forecast has Nothing to do with 2024 budget

[@gavinmclean6192]

SURBURBAN WARRIOR. EXPERIENCE SOMETHING TO LEARN HOW TO SOUND YOU HAVE

[@peterburnett3735]

tax the rich they can afford it

[@Nicole.1828]

It is people that are the engine of this Economy Nicola not business. Your not looking after the people and businesses will not thrive on your careless and divisive policy's

[@Sams_world_nz]

What would people do without ‘business’? Maybe search Ben Shapiro Pencil factory

[@fun----]

Nicola and her speech. Boring.

[@tooxtalivai0690]

So the govt is borrowing to give tax cuts to who you the govt nz’s biggest landlord. Are we washing money whanau?