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Most viewed
Summer chart series: The inexorable migratory surge to Australia as the income gap widens
Bernard Hickey picks out 10 charts from 2009 in a series of videos to play over the Summer break. In this video he looks at a chart showing a close connection between the gap between Australian and New Zealand real GDP and the size of the outward migration surges to Australia since the 1970s.
Whenever the Australian economy is performing better than New Zealand's there is a rush across the Tasman.
14 Comments
Probably the best graph to
Probably the best graph to highlight the failure of NZ govts since the mid to late 60s. A copy should be projected onto the side of a building in wgtn that can be seen from the pms office in the Beehive. Something for him and the Cabinet to sit and gork at when they meet to decide on what spin to use to excuse their refusal to end the ruse.
On another note, which illustrates
On another note, which illustrates part of the problem
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=1061...
"The group of academics, accountants, economists and lawyers worked closely with tax policy officials from the Treasury and the Inland Revenue."
Not a productive member of the economy amongst them!
How can we get a system in the best interest of the country if any changes are designed by the over-heads and hand-brakes?
Spot on Nick. How indeed?
Spot on Nick. How indeed?
But all are on big
But all are on big fat bloated salaries with bonuses Nick, so they must be coming up with the most fantastic load of BS and spin you ever did see.
wally...you need to get out
wally...you need to get out more often, get a perm or have a long lunch at one of those marlborough vineyards....not everyone is a corporate bandit or a Medici !!
wow...... people are following the
wow...... people are following the money.........
Post 1989 this graph is
Post 1989 this graph is not very convincing?
Dare we compare the tax
Dare we compare the tax rates on personal income , NZ vs Oz ? Apparently that prize fool Cullen didn't realise that under his watch , only super income earners ( > $ 180 000 p.a. ) pay less tax in NZ than in Oz . Anyone earning under that , is better off in OZ. ........... ..A wee clue there , maybe , why so many flee our shores ?
True enough Rob...there could be
True enough Rob...there could be a few not getting bonuses.
Ooops...I need to take care
Ooops...I need to take care I fear:
NEW CYBER-MONITORING measures have been quietly introduced giving police and Security Intelligence Service (SIS) officers the power to monitor all aspects of someone's online life.
Actually I think the govt is doing a fantastic job, especially Mr English and that John Key...my gosh what leadership. They will solve the problems and have that Labour mess cleaned up in no time.
People go where they can
People go where they can earn more money?
Hoodathunkit?! Well golly gee Bernie, you is a jeenyus, you really is.
Love the picture. The more I hear from you, the more I think "Chauncey Gardener has risen again".
So individuals do respond to
So individuals do respond to invectives - Just like the economics texts say they do.
It's a pity we had to put up with years of crap from Cullen saying there was no difference in income between us.
As father of a long gone émigré son you only have to visit to see the difference.
Despite what the academics say the impact of compulsory super has had a huge impact
in creating an ownership society - a key component in wealth generation.
As for catching up - what a laugh.
Some things just aren't going to happen !
checking
checking
back from melbourne over chrissy.
back from melbourne over chrissy. talking to friends the biggest reason by far for considering a move to aus is the better weather. much underestimated i think.
A nz salary goes further on a house than in Aus, so when it comes to the biggest expense the kiwi economy is better off - with a govt in nz less inclined to pork the market and looking at ppty tax changes this is likely to continue. NZ beer, chips and chocolate is also heaps cheaper. As are cars. Although i think in balance, all other items are more expensive relative to earnings (basically due to the stronger currency). Aus is great if you are already established, if you are not, govt policy will continue to fleece you