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A CGT has no effect on the profitability of a business it only applies to a sale, the example’s given have as many holes as the policy itself. The promise of a capital gains tax also allows Phil Goff to bluff and bluster through how he is going to pay for his spending promises which is where he hopes to win his votes. Back in the day economic text books used to back a capital gains tax because it was argued capital gains are income and that the absence of a capital gains tax is itself distortionary. It derives from a note Nobel Prize winning economist Paul Samuelson wrote in the 1960s. Multiply that result a million times over and the incredible wealth-sapping effect of a capital-gains tax is obvious.
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Driving around the “nicer” part of Mount Eden I saw kids in very elaborate costumes everywhere. Every year I put out a few small Halloween decorations but no kids ever show up. Two young girls in elaborate witch costumes and then five minutes later a young boy in a Captain America costume. He looked very very pleased with himself, it was so cute. I had a bunch of chocolate but I only gave the three kids one piece each.
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The three of us were refused access to the area. I don’t want to get into the politics of the protest too much but I wonder if they really have the right to deny us entry to a public road. Regardless, we took a detour through an avocado orchard, which was easy and you were allowed to take five avocados each, according to the sign. This is where I met Mark and Jolanda – they had set off from Ambury a short time ago. It was great to have someone to talk to for a while. I was already feeling good that I didn’t have my usual pack.
- Poker strategy implies creating the best hand from the cards dealt by the croupier or buffing other players into folding.
- Now just a note – please don’t use the word “sheeps”.
- Yesterday afternoon we played with a pod of large dolphins as we motored into our current anchorage.
- Ll say it again owning a boat is an expensive but thoroughly rewarding experience.
- Always keep in mind that only licensed game providers can legally offer online pokies.
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Capitalism works best for things of individual choice – food, music, cars, kitchen equipment, furniture, clothes, etc. It is the gray area between them that is interesting – such as public transport. Being very much in the capitalist camp with supply and demand ruling purchases and investments I just have one problem with this business website – why can we buy and sell land if we cannot make it? So crazy prices for physical houses in Auckland doesn’t bother me – is it any different to those people willing to pay over $10k for a fashionable handbag?
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It feels like you are walking through people’s backyards, and you are, but that is the way. I’m doing the short distance so that I can see my Dad and Whatawhata is really the only place he could pick me up from so that’s as far as I’m going. Plus with feeling a bit exhausted the last couple of days and having done some 50km and 60km days recently, a short day will do me good. Lynda was one of the many people I know who offered me a room for the night but sadly because I’m only in Hamilton for one night I can’t see everyone.
I shall drive the car a bit more frequently and hope the noise goes away and the car reverts to only sounding slightly like a sewing machine. My 33 is better on the road and on the track with the softer rear shocks, which must be a better match for the rest of the car’s suspension. It was a great day (until the evening function, which was only saved by paper darts), and between the track and the skid pan I was too busy to take many photos. I had to wait this long just to pinch the above shot from the December issue of NZ Classic Car. I flew back from Australia late on a Friday night, got up early Saturday morning, fitted the rear suspension and drove straight to Hampton Downs and onto the track. I pulled the air intake elbow thingies off the black car and compared them to the ones I was going to replace them with.