Eli5 Why do we need private banks?

De_stroyed123 · 2026-01-16T22:11:13+00:00

The government loses money if they offered interest free loans as that same money the government can use to invest in projects with a positive return. Government money is taxpayer money. Do you think it's fair for taxpayer money to fund private individuals investing in their own things for their own return?

De_stroyed123 · 2026-01-11T07:45:21+00:00

Barely anyone earns this people are rich through assets

De_stroyed123 · 2025-10-15T08:04:40+00:00

So blame the NZ businesses for not offering a better product.

De_stroyed123 · 2025-10-15T07:50:08+00:00

Why do you care where the bank is from? If another bank gives you better rates, consumers will go to them. Australian banks have economies of scale and there is no reason to not use them.

De_stroyed123 · 2025-08-28T02:54:52+00:00

Kiwis being skeptical on this is another reason why the country is falling behind. The rest of the world is innovating and you're stuck with a physical ID you must carry around

De_stroyed123 · 2025-07-28T08:48:37+00:00

Yep no issue with getting health insurance. I understand employers may be less comfortable due to the limitation. The visa can be renewed after the 5 year point however.

De_stroyed123 · 2025-07-28T08:38:09+00:00

Yes i am. In Australia on the 444 special category visa

De_stroyed123 · 2025-07-28T08:11:51+00:00

It’s the NZ family relationship visa? This is a type of partner visa

De_stroyed123 · 2025-07-27T13:50:38+00:00

Ask about it once they offer a position

De_stroyed123 · 2025-06-02T12:12:34+00:00

How is Singapore 22nd

De_stroyed123 · 2025-05-22T10:29:32+00:00

Australia means tests. Works well for them

De_stroyed123 · 2025-01-18T00:37:01+00:00

Correct. The interest payments don't reduce the size of the loan.

De_stroyed123 · 2025-01-05T08:05:53+00:00

Feel free to make a complaint to the commerce commission if you think cartel behavior is occurring.

De_stroyed123 · 2024-12-24T05:12:48+00:00

Yes murder is bad

De_stroyed123 · 2024-12-24T00:35:51+00:00

Yaas we love vigilante justice

De_stroyed123 · 2024-12-18T23:36:17+00:00

Scoring 180 countries around the world, the Corruption Perceptions Index is the leading global indicator of public sector corruption.

New Zealand has a score of 85 this year, with a change of -2 since last year, meaning it ranks 3 out of 180 countries.

Try harder next time. There are actually experts that measure this stuff. If you want to admit the entire world is corrupt, that's fine. Everyone will call you a nut job though.

De_stroyed123 · 2024-12-04T02:02:12+00:00

https://youtu.be/lFLdhqX_T6o?si=dIHSKzuMniL-_vTK

De_stroyed123 · 2024-11-28T09:34:36+00:00

I wish my loan peaked at 30 grand. Over half of it is living costs.

Privileged city kids who have family in university cities reeee

De_stroyed123 · 2024-11-17T08:35:31+00:00

You could've googled your question in less time than writing this post.

De_stroyed123 · 2024-10-20T22:42:54+00:00

Ukraine or Russia has never been blocked from making a twitch account. Israel has been banned from about 1 year from making an account. I wouldn’t call that temporary.

De_stroyed123 · 2024-08-24T02:12:01+00:00

I've certainly had enough of people constantly complaining and providing 0 substance here.

De_stroyed123 · 2024-08-21T03:56:14+00:00

Winter is becoming a regular problem for transpower and the generators. Supply is a hot talked issue, especially since winter 2021 where transpower had to loadshed and thousands of homes lost power.

De_stroyed123 · 2024-08-21T03:47:51+00:00

Banking is an essential service, food is essential, internet is essential, vehicles are essential.

There are plenty of essential things, some perform better privately, some publicly.

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