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The "Causes" of escalating Poverty in NZ

Discussions News & Current Affairs (excluding Politics) The "Causes" of escalating Poverty in NZ

This topic contains 374 replies, has 29 voices, and was last updated by Profile photo of jens jens > 7 days ago.

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  • #1651653 Report Spam/Abuse
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    TedE¬† –¬† thanks, yes¬† –

    but Roosevelt’s¬† measures were incomplete by not¬† “democratizing” the¬† functions¬† of¬† “economic royalty and princes”, and were actually¬† resulting¬† in even more¬† dependency¬† on them¬† to keep¬† his widening and raising¬† consumption¬† measures and¬† abilities sustainable.

    That¬† is somewhat¬† similar to what happened¬† here¬† up¬† to 30¬† years ago, –

    unfortunately with the¬† inevitable¬† outcome, and the¬† reactions to¬† this¬† being still¬† inadequate on¬† democratizing the¬† wealth creation and ownership¬† functions of¬† ¬†economic “princes” and potential monopoly totalitarians.

    No, we¬† don’t¬† want to¬† keep¬† “circling¬† around ” on¬† trying¬† again¬† what¬† has been tried¬† already,¬† so¬† why¬† not¬† democratize¬† the wealth¬† creation and ownership¬† responsibility function¬† of the economic “princes” and¬† potential¬† monopoly¬† totalitarians ?

    What  do you think of that, TedE ?

     

    #1651662 Report Spam/Abuse
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    Must have missed something…tell me how Roosevelt was able to influence or cause escalating poverty in nz again and when was that? ūüôā

    #1651805 Report Spam/Abuse
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    Well, critic¬† – while in¬† NZ¬† Roosevelt’s words¬† were not used, both NZ and and¬† the USA ended up¬† by increasingly financing their¬† internal welfare¬† maintenance¬† with the¬† help of Keynesian¬† credit¬† creation¬† – while¬† trying to evade¬† the austerity¬† of¬† adequate¬† saving¬† for¬† debt¬† repayment..

    This led to the need¬† of¬† “rogernomics” here in 1984, and the U.S.¬† changing into¬† one of the¬† biggest¬† debtor¬† nation in the¬† world from being the¬† biggest¬† lender nation since¬† ¬†WW2.

    The only reason no¬† serious¬† inflation has¬† resulted¬† from¬† substantial “quantitative¬† easing”¬† in the U.S. so far¬† –¬† is because¬† it is still¬† considered as¬† a debt¬† to be repaid(?)¬† –¬† and¬† not¬† as “debt free”¬† credit.

    All this  is  evidence that  borrowing  for welfare  consumption at a  higher  rate than what profitable  productivity  can deliver for  debt  repayment Рexcessive poverty alleviation  subsidies  become a poverty escalation  cause.

    • This reply was modified 5 months, 1 week ago by Profile photo of jens jens.
    • This reply was modified 5 months, 1 week ago by Profile photo of jens jens.
    #1652190 Report Spam/Abuse
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    This led to the need of ‚Äúrogernomics‚ÄĚ here in 1984,

    The only reason your class of person keep insisting or try so hard to rationalize a false need for rogernomics is that you are ignorant not only of the Laws.

    But also the various interests the People had in their investments (that which any investor would expect to have)
    Cultured Ignorance that also allowed legal obligations associated with fiduciary relationships to be disregarded (yea I know “all” above your head jens)

    The government were unable to treat the accumulated equities and associated rights as their own “budget material” until after it was scripted in such a manner as for them to do so (for pecuniary advantage of course) …. nothing to do with a failed pig farmer who they used like a car salesperson at all really.

    Your Rogernomics was Simply a catchy word used to disguise the theft and laundering of interests in property initiated by those serving in positions of trust… Nothing more ūüôā

    #1652345 Report Spam/Abuse
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    According to my understanding, “rogernomic” reform¬† was necessary to¬† prevent¬† a looming failure in meeting¬† financial commitments.

    Can anyone  understand and  explain  with an example  what  critic is  talking about  ?

    #1652390 Report Spam/Abuse
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    According to my understanding, ‚Äúrogernomic‚ÄĚ reform was necessary to prevent a looming failure in meeting financial commitments.

    Several factors here jens … So lets separate the issues and put in place clear boundaries.

    Firstly … “looming failure in meeting financial commitments” sounds an awful lot like “INCOMPETENCE” and I suggest that Any party serving in a position of trust that delivered such incompetence should have been disqualified from serving in such positions of trust ever again .. I call it reasonable and logical accounting

    The next part is about boundaries… I have tried before to explain that the government was a steward prior to rogernomics but became a proprietor as the result of the creative accounting/penmanship) or Criminal laundering of “our” interests in “our” investments in infrastructure… but it didn’t sink in.

    It is fairly common for “ANY THIEF” to justify their behavior in terms of their own situation or perception of need … “I was broke” is a fairly common one but theft is theft regardless of the thieves justifications…. Two other issues regarding the theft is the theft was done by servants which makes it more serious and there was a fiduciary relationship …

    There is no doubt in my mind that a serious crime is being overlooked for the purpose of retaining the pecuniary advantage secured by the serious criminal activities but.

    You like savings plans jens…. I reckon you wouldn¬īt just roll over (as you have) if the bank decided to pay its debts off with your savings and then charged you for their good efforts + GST and the only difference I can see is that your name is on your savings account

    Its almost a credibility issue ūüôā

    #1652429 Report Spam/Abuse
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    Well critic – the¬† economic “incompetence” of¬† the government before¬† 1984 was¬† entirely¬† due to the¬† people¬† overwhelmingly voting¬† in 1975¬† in favor¬† of¬† more¬† “hand-to-mouth”¬† NZ Super at a younger¬† age(60), and¬† happy to give up¬† on a savings¬† plan that in principle even might have made it sustainable , just as say,¬† anyone¬† can retire¬† already at age 50,¬† by¬† having¬† accumulated¬† enough profitable¬† wealth¬† ownership.

    Sorry –¬† want¬† see the¬† news now¬† –¬† cheers, critic.

    #1652475 Report Spam/Abuse
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    Furthermore, critic¬† –¬† a democratic government’s¬† rule or “stewardship” is¬† based¬† on¬† whatever¬† legislation has been accepted¬† by majority¬† approval, and this¬† legislation permits¬† the¬† sale of assets¬† for¬† a¬† price¬† into¬† government coffers.

    There¬† has been¬† no secrecy, “theft”, or “money¬† laundering” involved¬† with the¬† electricity assets¬† sold,¬† and¬† if a government thinking like you¬† is elected, the assets¬† can be¬† bought¬† back¬† again into¬† government run public¬† ownership – although I think¬† just¬† taking them¬† back without¬† compensation can only be¬† thought¬† of¬† by a thorough communist,¬† who like a “flat earther” still¬† fiercely¬† believes in what¬† has been¬† found¬† and¬† revealed¬† itself as¬† “pie in the¬† sky”.

    While¬† ¬†Ponzi scheme¬† tricksters do exist,¬† paying dividends (benefits?) out of¬† the capital (not the¬† earnings of it) they¬† promised¬† to¬† invest, this¬† does not apply¬† to honest normal banking at all,¬† and¬† you are totally¬† confused¬† in nonsense¬† like¬† “banks¬† paying off¬† their debts¬† with my money and then¬† charging me¬† for their¬† services + GST….” –

    unless you  come  up with a  practical  example  of  such a  sequence  of events.

    #1652489 Report Spam/Abuse
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    Well critic ‚Äď the economic ‚Äúincompetence‚ÄĚ of the government before 1984 was entirely due to the people overwhelmingly voting in 1975 in favor of more ‚Äúhand-to-mouth‚ÄĚ NZ S……

    Then the problem is with the electoral office not the People voting because the purpose of the electoral system is to nominate a party that contracts for the job of governing… Any other Mandate should be a separate vote as a budget is normally prepared one would anticipate that such a budget is given a credibility test ….

    On the subject of governing… some motors have “governors” which are intended to protect the motor from overreaching etc
    These governors are a simple device that do not require a separate budget nor do they take control of the motor in such a manner as to be able to dispose of it…

    Wouldn’t it be good to have a government that actually knew how to govern?
    You enjoy trying to hand on the responsibility to the voters but often as not the voters amount to little more than half the total population….
    The arrogant governments of today cannot govern themselves let alone the nation and that is why they sold it- they are just stupid criminals jens that cannot govern their own behavior… ūüôā

    #1652495 Report Spam/Abuse
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    We are all just¬† humans, critic –

    subject  to the laws of  physics, and cannot  create  anything out of  nothing.

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