Woo hoo. Break out the bubbles.
https://www.stuff.co.nz/money/360553144/economists-expect-inflation-be-lowest-four-years
What the story doesn't tell us is that rent increases outpaced the CPI by nearly double: 4.2% over the last year according to Stats NZ.
What were those tax cuts for landlords supposed to do again? #nzpol
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Another pesky detail carefully excised from the telling is the amount of misery that's been added to our society in order to "tame" something that was never caused by public sector spending to begin with. We now have thousands more unemployed (with few opportunities), food banks with empty shelves, families sleeping in cars, routine medical care being delayed or deferred, and a whole city's worth of young, motivated people leaving for brighter prospects.
Thanks, Luxon and Willis. Job done.
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@phil_stevens Another parent I know just accompanied her newly graduated 21 year old to Aus. Leaving her with rellies to attend job interviews. 21 year old says she’s not coming back.
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@phil_stevens My son with over 20 years Data IT under his belt takes up a job in Sydney next month. Had a guts full of his home country.
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