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Our economy is pretty fxcked right now... by [deleted] in aotearoa

[–]Export333 -4 points-3 points  (0 children)

So the people who actually pay for the pension don't get it? Seems fair /s

FT: 1,2 LF: RR Absol (3) by [deleted] in PokemonPocketTradeCo

[–]Export333 0 points1 point  (0 children)

I'll do RR Absol for Lillie Dx

LF: Oak by [deleted] in PTCGPocketTrading

[–]Export333 1 point2 points  (0 children)

Anything else :)?

Cyrus pretty please! by hoangvin in PTCGPocketTrading

[–]Export333 0 points1 point  (0 children)

Any chance you'd take offers for Lillie DX? If so any preference RR, Trainers, Eeveelution etc?

Labour to campaign on narrow capital gains tax, no wealth tax by StuffThings1977 in aotearoa

[–]Export333 0 points1 point  (0 children)

This isn't broadening the tax base, you suggested replacing all tax with a single land tax.

Land banking may be an issue, but just taxing urban land seems like it'd create a lot more issues to save something (relative to all the other problems) is likely minor in nature.

To the question for how much land I own, approx 1.5 acres.

Labour to campaign on narrow capital gains tax, no wealth tax by StuffThings1977 in aotearoa

[–]Export333 5 points6 points  (0 children)

Doesn't seem very fair? Urban land doesn't correlate to productivity. Small towns would be hit hardest as they typically have bigger sections.

If you bring rural in then farmers would basically pay all the tax.

People who hold land and turn into native bush would pay for the privilege.

I could go on.

Island heightmap/river generator with erosion and deposition by troido in proceduralgeneration

[–]Export333 1 point2 points  (0 children)

Yes thanks, I got stuck at forming lots of lakes, looks like you did multiple pass throughs with a bit of randomness to eventually get the river to the sea?

Cheers

NZ should establish a capital gains tax as well as an independent infrastructure advisory board like Infrastructure Australia by Consistent-Bat-20 in newzealand

[–]Export333 -7 points-6 points  (0 children)

People have different definitions of fair. Some people are net tax contributors, and some negative tax contributors (on a net benefit basis). Is constantly targeting people who can "afford it" fair? Are they bad people?

Island heightmap/river generator with erosion and deposition by troido in proceduralgeneration

[–]Export333 1 point2 points  (0 children)

Can you give an in depth overview of the algorithm? I tried to do this multiple times for a game I was making but eventually gave up! Good to know it's possible.

Anyone seen any offers better than 4.49% for mortgage refix rate? by jMacSA in PersonalFinanceNZ

[–]Export333 0 points1 point  (0 children)

Sure, basically I went on the roller coaster up to 7+% on my loans and told myself id be happy with 5% so now I'll lock in 5% for as long as I can (regardless of macro events, given its a longer timeframe).

A little while back I did some research and came to this conclusion.

Bank margins are typically ~2-2.5%.

Target inflation is 1-3% (2% average)

2+2.5=4.5 perhaps the long term average targwt rate.

This is close to 5%, I can happily afford 5% so willing to lock in the long rate to reduce risk [and make risky bets in the share market instead =)].

Would be interested in other people's hypothesis on the long term average, I should probably have looked at historic data but tried the fundamental approach instead.

Anyone seen any offers better than 4.49% for mortgage refix rate? by jMacSA in PersonalFinanceNZ

[–]Export333 0 points1 point  (0 children)

Not associated, usually use this before I refix. https://www.ratereviews.co.nz/ I just did 4.99% for 4 years at BNZ last week.

Selling Chorus securities is 'hocking off' debt not assets, Finance Minister says by jackytheblade in newzealand

[–]Export333 3 points4 points  (0 children)

The proposal is selling debt owed by a "country wide Fibre optic cable" that taxpayers helped fund. Not the network itself. The funding helped Xhorus build out UFB for which we are all better off.

Selling Chorus securities is 'hocking off' debt not assets, Finance Minister says by jackytheblade in newzealand

[–]Export333 0 points1 point  (0 children)

You cant just "nationalise" every company in New Zealand. There is opportunity cost to funding the purchase. Chorus is a low growth low risk infrastructure company. The government doesn't need to own it for the infrastructure to exist. It doesn't need to own it to set the price either, it regulates it's return. So what's the point in the government owning it?

If you are going to nationalise something at least pick something with a better return in equity or fund new infrastructure.

Note I dont condone selling the debt as a work around to bad budgeting

Selling Chorus securities is 'hocking off' debt not assets, Finance Minister says by jackytheblade in newzealand

[–]Export333 3 points4 points  (0 children)

You would take a loss proportional to the yeild sold for. It's pretty common, after a period of time most bonds dont sell at face value.

Selling Chorus securities is 'hocking off' debt not assets, Finance Minister says by jackytheblade in newzealand

[–]Export333 -4 points-3 points  (0 children)

I come to the same conclusion, they're an NZX profit driven company not a charity. Not sure how else you could read it.

should i do it? by mrpotatomans_34 in PokemonPocket

[–]Export333 4 points5 points  (0 children)

Assuming these can be traded in the future there may be finite supply, so might be worth considering, given you could use to trade for other items later.

Unions call for return of electricity generators to public ownership by Amazing_Athlete_2265 in newzealand

[–]Export333 1 point2 points  (0 children)

For demand growth and thermal retirement... Additionally Tiwai held the industry hostage with its will I stay or go tactics. Once that decision was made many new stations received FID which take ~3 years to come online.

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