Sunday, January 31, 2010
The government last week announced an increase in the minimum wage from $12.50 to $12.75. Of course the Greens condemned the increase as inadequate (they and their union comrades wanted it increased to $15).
One can understand why anti-business activists are calling for an increase. There is some (albeit minor) legitimacy in their argument in that there is a minimum amount a working person needs to earn to survive. But here’s the question: Why should the employer take the role of a welfare agency by paying a person more than they are worth to the business? If the government wants workers to have a minimum income level then they should provide it through the tax or welfare systems.
Or is it that the government does not trust employers to pay their staff a fair wage, and everyone regardless of their abilities or inabilities is worth $12.75 an hour?
at 7:50 PM
Here is an extract from “Bureaucracy” by Ludwig von Mises.
at 7:39 PM
Friday, January 29, 2010
“Tino rangatiratanga”, which has become the most contentious phrase from the Maori language text of the Treaty of Waitangi, has become something of a rallying cry for proponents of Maori sovereignty, or Maori self-determination.
at 7:52 PM
Sunday, January 24, 2010
Possibly Prime Minister John Key’s comment about “closing loopholes” has sparked debate, especially among commentators who have been campaigning against these companies.
at 1:57 PM
Saturday, January 23, 2010
- To broaden the tax base beyond income tax and GST the Group recommended the introduction of a land tax of 0.5% of the unimproved land value of a property.
- Increasing GST from 12.5% to either 15% or 17.5%.
- Reducing the 38% and 33% personal tax rates. The Group says it would like to see lower personal tax rates across-the-board to offset any increase in GST.
at 7:24 PM
Therefore, I would agree with Tax Working Group chairman, Professor Bob Buckle, who wrote (in the Dominion Post, January 16) that raising the top tax rate in 2000 and the bringing in the Working for Families policy undermined the New Zealand tax system.
at 7:14 PM
at 5:16 PM
Saturday, January 9, 2010
at 3:49 PM