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Where is the money coming from? - Oldfellah - 23-01-2022
A range of financial support is available again for businesses now that New Zealand is moving into the red COVID-19 traffic light setting.
What I would like to know where the hell is all this money coming from, they have just been throwing dollars after dollars after dollars of financial support because of covid, how much will we as taxpayers have to pay back when all this is over? Mind you they are making a mint because of the price of petrol I bet!
RE: Where is the money coming from? - king1 - 23-01-2022
Like all countries I'm pretty sure we are just printing more money to pay for it...
https://www.stuff.co.nz/business/122468037/whos-the-government-borrowing-the-money-from-to-pay-for-covid19-response
RE: Where is the money coming from? - Zurdo - 23-01-2022
Don't worry about it, let the next few generations sort it all out. Unless you are one of the younger generation...then Sorry Mate, you were born at the wrong time.
RE: Where is the money coming from? - Magoo - 23-01-2022
its ok, we can just default. let 'em sing for it.
my dad always said borrowers slept better than lenders.
RE: Where is the money coming from? - Oh_hunnihunni - 23-01-2022
I'd like to know why those of us on fixed incomes who are paying increased living costs plus delivery fees aren't quite as supported as businesses...
But hey, that'd be selfish.
RE: Where is the money coming from? - Wainuiguy - 23-01-2022
Print and spend - you great grandchildren will still be repaying it.
RE: Where is the money coming from? - king1 - 23-01-2022
(23-01-2022, 04:21 PM)Magoo Wrote: its ok, we can just default. let 'em sing for it.That sounds like a ratings downgrade in the making...
my dad always said borrowers slept better than lenders.
RE: Where is the money coming from? - Wainuiguy - 23-01-2022
(23-01-2022, 04:46 PM)Oh_hunnihunni Wrote: I'd like to know why those of us on fixed incomes who are paying increased living costs plus delivery fees aren't quite as supported as businesses...Sounds like a you problem
But hey, that'd be selfish.
RE: Where is the money coming from? - Magoo - 23-01-2022
arent we all on fixed incomes when it boils down? ive not seen many making more income thru this.
maybe big business is but not at street level, which is asking for help.
i might be wrong but what we get in aid as citizens is not down to the business sector. its made at a higher level.
we would have to drive that ourselves, as they (businesses) are doing by lobbying for help.
it would be awesome to see more incomes geared to inflation.
an increase in cost of living is equal to a pay cut of the same percentage if your income only covers the cost of living.
it would make life so much easier for so many people. Super annuitants, teachers, nurses etc would not have to go cap in hand pleading for more pay. this needlessly disrupts education and health. our elderly wont be reduced to a diet of cat food and tap water.
(23-01-2022, 05:04 PM)king1 Wrote:my grandkids cant eat credit ratings, being downgraded cannot be used as a stick to enforce poverty.(23-01-2022, 04:21 PM)Magoo Wrote: its ok, we can just default. let 'em sing for it.That sounds like a ratings downgrade in the making...
my dad always said borrowers slept better than lenders.
we have to ask ourselves, who gets hurt most by the default and the downgrade? its not the borrower.
RE: Where is the money coming from? - Oldfellah - 23-01-2022
(23-01-2022, 04:06 PM)Zurdo Wrote: Don't worry about it, let the next few generations sort it all out. Unless you are one of the younger generation...then Sorry Mate, you were born at the wrong time.No Im not one of the younger generation and I probably will not have to worry much about it unless they tax the pension more and give us less but I would hate to see future generations pay off our bills so to speak but then I suppose thats the way its done world wide.
RE: Where is the money coming from? - Magoo - 23-01-2022
(23-01-2022, 05:30 PM)Oldfellah Wrote:not much of a legacy weve left them is it.(23-01-2022, 04:06 PM)Zurdo Wrote: Don't worry about it, let the next few generations sort it all out. Unless you are one of the younger generation...then Sorry Mate, you were born at the wrong time.No Im not one of the younger generation and I probably will not have to worry much about it unless they tax the pension more and give us less but I would hate to see future generations pay off our bills so to speak but then I suppose thats the way its done world wide.
RE: Where is the money coming from? - C_T_Russell - 23-01-2022
(23-01-2022, 03:43 PM)king1 Wrote: Like all countries I'm pretty sure we are just printing more money to pay for it... +1 they just print more money.
https://www.stuff.co.nz/business/122468037/whos-the-government-borrowing-the-money-from-to-pay-for-covid19-response
The US govt has basically said there is no problem as they can just print more money, the whole economy is screwed, dont know what to make of this whole global reset.
The world economic forum video looks like its trying to promote some form of communism.
RE: Where is the money coming from? - Zurdo - 23-01-2022
(23-01-2022, 05:33 PM)Magoo Wrote: not much of a legacy weve left them is it.
The money is of no consequence - not when we are leaving them a totally fucked world that money can't fix.
(23-01-2022, 05:46 PM)C_T_Russell Wrote: The world economic forum video looks like its trying to promote some form of communism.
Oh good, communism - where we all get paid the same, no matter what job we do. All working together for the common good...Imagine...
I think they are trying to promote something they have hung a Commie label on.
RE: Where is the money coming from? - C_T_Russell - 23-01-2022
(23-01-2022, 06:18 PM)Zurdo Wrote:Im not totally against "communism" but it has to have nothing to do with socialism or dictatorships.(23-01-2022, 05:33 PM)Magoo Wrote: not much of a legacy weve left them is it.
The money is of no consequence - not when we are leaving them a totally fucked world that money can't fix.
(23-01-2022, 05:46 PM)C_T_Russell Wrote: The world economic forum video looks like its trying to promote some form of communism.
Oh good, communism - where we all get paid the same, no matter what job we do. All working together for the common good...Imagine...
I think they are trying to promote something they have hung a Commie label on.
If it meant everyone gets the same wage no matter what their job, then im OK with that, i see the term "neo communism" thrown around a bit.
What the world economic forum seem to be promoting is a two class system where the rich capitalists still run things while the "poor" who cant afford a home can still have a place to live but you dont own it. I hear a bit on universal basic income thrown around too. What they promote sounds attractive, but I think there is alot of things to be concerned about with it.
I would be dead against any form of state taking over everybodys property ownership, etc
RE: Where is the money coming from? - Magoo - 23-01-2022
(23-01-2022, 06:28 PM)C_T_Russell Wrote:good post(23-01-2022, 06:18 PM)Zurdo Wrote: The money is of no consequence - not when we are leaving them a totally fucked world that money can't fix.Im not totally against "communism" but it has to have nothing to do with socialism or dictatorships.
Oh good, communism - where we all get paid the same, no matter what job we do. All working together for the common good...Imagine...
I think they are trying to promote something they have hung a Commie label on.
If it meant everyone gets the same wage no matter what their job, then im OK with that, i see the term "neo communism" thrown around a bit.
What the world economic forum seem to be promoting is a two class system where the rich capitalists still run things while the "poor" who cant afford a home can still have a place to live but you dont own it. I hear a bit on universal basic income thrown around too. What they promote sounds attractive, but I think there is alot of things to be concerned about with it.
I would be dead against any form of state taking over everybodys property ownership, etc
RE: Where is the money coming from? - dken31 - 23-01-2022
The problem with everyone getting "the same wage no matter what their job is" is that almost everyone will then want the easiest least effort jobs.
I have my own business with four staff. I earn considerably more than the average wage but have had to put in a lot of effort, sacrifice and risk to get to the point I'm at now. If I knew all along that what I did would have no bearing on what I earned, there is no way I'd have put anywhere near the same amount of effort in over the course of my career and would instead be doing something a lot more mindless and stress-free.
RE: Where is the money coming from? - Oh_hunnihunni - 24-01-2022
Just a thought, but for me, and most of the people I know, we put the most effort into stuff we loved doing, not the stuff that made us the most money.
Over the years research carried out around 'work' has repeatedly proved the people who get the most satisfaction from their jobs are not doing it for the money. And those who are, score lowest on the job satisfaction measure...
There may be a time in life to sacrifice in order to make money. But to do it long term is to offer up the more valuable things in life on the altar of Mammon. When we get to be old, the things we remember with most joy are not necessarily the things that brought in the most dosh.
RE: Where is the money coming from? - Lilith7 - 24-01-2022
(24-01-2022, 03:23 AM)Oh_hunnihunni Wrote: Just a thought, but for me, and most of the people I know, we put the most effort into stuff we loved doing, not the stuff that made us the most money.True, that. 
Over the years research carried out around 'work' has repeatedly proved the people who get the most satisfaction from their jobs are not doing it for the money. And those who are, score lowest on the job satisfaction measure...
There may be a time in life to sacrifice in order to make money. But to do it long term is to offer up the more valuable things in life on the altar of Mammon. When we get to be old, the things we remember with most joy are not necessarily the things that brought in the most dosh.
RE: Where is the money coming from? - nzoomed - 24-01-2022
(24-01-2022, 03:23 AM)Oh_hunnihunni Wrote: Just a thought, but for me, and most of the people I know, we put the most effort into stuff we loved doing, not the stuff that made us the most money. I agree, there will always be people who take an interest in the likes of science or other professional fields such as medical, technology, etc.
Over the years research carried out around 'work' has repeatedly proved the people who get the most satisfaction from their jobs are not doing it for the money. And those who are, score lowest on the job satisfaction measure...
There may be a time in life to sacrifice in order to make money. But to do it long term is to offer up the more valuable things in life on the altar of Mammon. When we get to be old, the things we remember with most joy are not necessarily the things that brought in the most dosh.
People will always take a career that they like, and with more fair wages it may be one less barrier to study if they know they can pay their loan easier, even if they worked for a bit proir to attending uni, etc.
At the end of the day, one hour of a human life should be worth the same to everybody.
I think this was the only thing communism really got right.
We have seen improvements in some areas i guess, jobs such as mining once upon a time were the lowest of wages, but now actually pays rather well.
RE: Where is the money coming from? - Zurdo - 24-01-2022
(24-01-2022, 03:23 AM)Oh_hunnihunni Wrote: Just a thought, but for me, and most of the people I know, we put the most effort into stuff we loved doing, not the stuff that made us the most money.
Over the years research carried out around 'work' has repeatedly proved the people who get the most satisfaction from their jobs are not doing it for the money. And those who are, score lowest on the job satisfaction measure...
There may be a time in life to sacrifice in order to make money. But to do it long term is to offer up the more valuable things in life on the altar of Mammon. When we get to be old, the things we remember with most joy are not necessarily the things that brought in the most dosh.
I've only had one occupation in my life, but a shit load of jobs - and none of them have attracted me because of the money. A mechanic used to be reasonably well paid, but these days is one of the lowest paid trades, panelbeaters get it much worse, insurance companies screw any profit right out of a job. I should be retired, but still go to work everyday and work on stuff most young guys wouldn't touch...because this is what I want to do, I have job satisfaction. Under a communist regime I'd still be doing it, and trundle home to my government provided housing and eat the rations provided. I have no ambition to be high on the party list.