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The government lists all projects that applied to get the economy booming in the pandemic era under its hilarious "Covid Fast Track Consenting Act" 2020 Legislation. That law may, if you're lucky, lead to a few projects being started by the time the next pandemic comes around. Maybe sleepy Wellington, where few people go into the office anymore, but rather prefer to "work" from home, and now want a multi-billion dollar bail-out from tax-payers in the rest of the country to save their broken city, can tweak the legislation and relaunch it as the "Monkey Pox Fast Track Consenting Act". Otago University's Vice Chancellor Grant Robertson and his right-hand man, epidemiologist (whatever that is) Professor Michael Baker can be brought back to advise. Maybe Robertson can even ask for a consultancy fee on top of his already $629,000 salary, even though he has no PhD degree, research, nor teaching record that I always (obviously stupidly) thought was a requirement for Vice Chancellors. Anyhow, here's the list of projects:



Many of them didn't apply until last year. Why not? Maybe the requirements are so onerous, that applications need a huge amount of time to prepare? In that sense, this idea of quick decisions from a "fast track" panel maybe a con-trick. Take a project located close to where I live, so I know what's going on there: the Upland Road Retirement Village. Like many Covid Fast Track Act 2020 Projects, the application was sent in 2023. Not one spade, not one shovel, has been put in the ground for that project. It is sitting there, an overgrown pile of weeds. Last week, on 4 September, the "Fast Track Panel" sent the folks applying to build it "corrected documents" that "supersede & replace documents included in the decision of the Panel issued on 13 August 2024". Yet Covid began in January 2020. That's almost five years ago. And "fast track" documents are still flying back and forth? Are Wellington politicians seriously telling us that new Fast Track Laws are being passed in Parliament when work has not even yet started on projects under the old Fast Track Laws? Meanwhile, Labour and National are arguing whose fast track is better. Both parties are playing us for idiots.


Meanwhile, Jacinda Ardern has clearly fully "recovered" from Covid herself, fast tracking her own career outside slow-lane NZ. She was last seen at the Democratic Convention in America, advising Kamala Harris how to win elections when you're parachuted in last minute with nobody knowing a thing about you. To be fair, Biden does seem a little lost, just like former Labour Leader Andrew Little - both sweet-talked into standing down by Harris and Ardern, respectively. Seriously though, isn't it just silly to pretend the economy was kick-started during and in the immediate aftermath of the pandemic, with "fast track" legislation dated 2020, when, if someone checks up on all the projects that applied under that law, it appears many have not begun? If five years since Covid started, not a spade has been put in the ground on a bunch of these projects - if that is fast - what is slow? Completed by 2050?

In an interview with TVNZ's Jack Tame, Labour's Chris Hipkins mislead Tame & five million New Zealanders about the economic implications of population ageing, which he states requires imposing capital & asset taxes. Hipkins says, “The big question is what happens with the working-age population. If it stays the same & the population over the age of 65 grows then yes we will [have to increase the percentage of tax revenue compared to GDP] .. We have to be honest about that. Let’s go back 10 years, there are now 200,000 extra people over 65 .. there’s another 400,000 that’ll be there in the next 10 years. That means our population over 65 will have gone from 14% to 21% .. You can’t say to people over 65 that we can give them everything that we gave them when they were 14% of the population and not increase government spending – the maths just doesn’t add up.” What. Bollocks.


Hipkins uses the word "honest", but what he says is dishonest. Many nations face ageing populations. NZ's fertility rate ranks as higher than many, at 1.7 per woman. By contrast, Singapore's is only 1. The Straits Times reports, "Singapore's population is ageing rapidly, with the proportion of citizens aged 65 & above increasing to 18.4 per cent in 2022". How is Singapore dealing with this issue? Fantastically - many scientific articles are lauding how its over-65's are doing. Hipkins says the "maths" shows population ageing must require higher taxes & government spending. He prefers capital & asset taxes (but not for Māori authorities which he wont dare tell anyone since that would mean an end to parliamentary sovereignty). Is he telling the truth? No. How come? Compare Singapore's taxes with NZ's. Its GST rate is 9%, top income tax rate 24%, corporate tax rate 17%, and tax revenues as a fraction of GDP (which Hipkins says must rise in NZ to pay for population ageing) are around half our level.


How did Singapore do it? Hipkins misled Kiwis by not telling how a bunch of other nations solve this issue by using funded social security systems (with the savings of their people). Instead of paying many welfare bills with taxes, individuals have savings accounts for their retirement, health & housing needs. In Singapore these funds are invested by the State's Central Provident Fund, earning returns on equity markets. The current NZ welfare system is different. Its "Pay-As-You-Go". When public funding runs dry, like now, there are few personal savings to use, and our government resorts to higher taxes and borrowing as we "go" along. Contrary to Hipkin's mathematically & economically illiterate musings, "the maths" of welfare with an ageing population adds up in Singapore, even with taxes half of ours, since people enjoy compounding returns on savings accounts that fund many of their welfare needs. Can it work here? Yes. Together with a former Finance Minister, I did a full NZ plan & prepared budgets to 2035. Seems Hipkins doesn't know how it works, even though some in his caucus have talked to me about it, without his knowledge, it seems.


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