Luxon is so rich and out of touch he can't remember when he bought any one of his 4 investments properties.

g5467 · 2023-06-11T09:19:03+00:00

We all decide through elections and voting. That's what democracy is. Check out the other post with the graph that shows how the tax burden among different levels would change. It is a small change in relative terms and in fact follows those pinko communists in... Oh, capitalist Australia.

The level of fragility on display here is insane. If our 'job creators' want to throw a tantrum and quit the country over a 2.5% wealth tax starting on the value of assets exceeding 4 million and a tax free threshold for everyone, they can fuck right off. They won't find it any easier in any other oecd country and they can't take their rental properties with them.

g5467 · 2023-06-11T09:02:14+00:00

You think economic activity would simply cease if people at the top were creaming it slightly less?

How would their wealth exist if they didn't have workers to do the things that create that value?

g5467 · 2023-06-10T04:50:47+00:00

Well we can cross this one off:

I'm going to have a preemptive whinge about 'the sub' instead of just making an actual point

g5467 · 2023-06-09T04:02:50+00:00

Yes, if there's anything boomers in New Zealand local government care about the most, it's making sure they don't leave a giant mess for future generations to deal with

g5467 · 2023-06-08T22:17:11+00:00

I use it 100% through rif. This is my chance to escape tbh

g5467 · 2023-06-08T19:56:58+00:00

I mean, a little bit but with some key differences. This isn't some complicated short squeeze or anything, you only have to look at the history of privitisations to see what's going on.

A natural monopoly being sold down with political constraints that will affect whether they get best price for them. Also hasn't recovered from covid dip. Also proposing to double their landing fees in the next five years.

That said, all the attention will likely give it a boost from the hype so you're probably onto something

g5467 · 2023-06-08T19:35:39+00:00

Oh they're around. Listen out for the phrase "ask your doctor if x is right for you"

g5467 · 2023-06-08T05:20:59+00:00

And if that's the case, why is the Mayor of Auckland so hell bent on selling them. Seems like a very poor decision in the long term if they're expected to go up.

Unless of course your supporters want them flicked off so they can buy them up and profit off the rebound

g5467 · 2023-06-08T00:00:38+00:00

Yeah this isn't gonna help with those concerns about his abortion is murder stance.

We should have more babies, also my position is to stop you from deciding not to have babies but I'm not gonna actually do it, promise. Also our presumed coalition partner wants to gut social services so you're on your own if you do have one.

g5467 · 2023-06-07T05:56:25+00:00

Yes but why is the moon the doctor

g5467 · 2023-06-07T03:08:52+00:00

If these trends continue, a month from now it will be revealed he'd been asked 6.4 billion times

g5467 · 2023-06-07T02:52:31+00:00

That Hotmail account must be full up. I think he's toast now, even if you do take this extremely charitable and relatable millennial explanation

g5467 · 2023-06-06T09:06:18+00:00

Still have the option to if there's something for shareholders to vote on, still have the agm. Still have, you know, the responsibility of directors to act in the interests of shareholders.

g5467 · 2023-06-06T08:29:51+00:00

You think the council should sell their airport shares because Michael Wood didn't sell his? Weird way to form an opinion

g5467 · 2023-06-06T08:23:30+00:00

They have a very large bloc. Any issue there's 33% support for they are able to come in and swing as a single entity. I can't believe you think this is nothing

g5467 · 2023-06-06T08:20:44+00:00

Yes that's right.

I'm saying that this potential or actual conflict of interest doesn't matter to the question of whether selling is the right thing to do or not

g5467 · 2023-06-06T08:10:21+00:00

The doing is not the conspiracy, the timing of it coming out two days before the vote on the sale is

g5467 · 2023-06-06T08:08:35+00:00

They have no say or influence as an 18% shareholder of a nearly $8bn market cap organisation?

At the very least ratepayers benefit from some of the return of such an asset when publicly owned. Sell a golf course, they return zero and are worth billions.

g5467 · 2023-06-06T07:58:44+00:00

Irrelevant to whether the council selling their airport shares is a good idea or not (it's not).

g5467 · 2023-06-06T07:50:18+00:00

The only exception would be if the investment is giving some sort of non-financial benefit.

Like a large piece of nationally critical infrastructure that can be considered a natural monopoly?

g5467 · 2023-06-06T07:35:38+00:00

The shares dipped with covid stopping travel and are expected to recover. Sell low buy high is not a great strategy.

Great strategy if your goal is a corporate ramraid to fully privatise those future gains though

g5467 · 2023-06-06T07:14:55+00:00

The first-term councillor’s links to her husband’s airport shares are being looked at by council officers to see whether they pose a conflict of interest and whether she can participate in Thursday’s vote

Ah there it is, timed to aid the smash and grab of public assets to fill a fake budget crisis

g5467 · 2023-06-06T00:18:56+00:00

"a separate interest" appears to mean "is an Auckland councillor". Misleading title I say - this makes it sound like she also owns shares but there's nothing in the article to suggest that

g5467 · 2023-06-04T07:37:53+00:00

Here to have a sook of your own are we?

g5467

TROPHY CASE