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Dark Clouds cannot hide the light of the Sun

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Former Labour Party MP Raymond Huo never got as much attention for his links to China as did his National counterpart, Jian Yang.

Naturally, given the state of NZ’s MSM, the focus, where it happened at all, was on the dreaded National Party potentially selling out to China.

Labour never gets those accusations or implications in public forums outside of blogs.

And so…

“I have never believed so firmly as I do now that the future is China’s!

While China and the Chinese people are putting all their concentration on developing the economy and lifting tens of millions out of poverty, discussing high speed rail, basic infrastructure, landing on the Moon and prospecting on Mars, on the other hand, a few western countries are being led along by a kind of new ideological Cold War, and using a White terror to oppress China and Chinese overseas.


Making fake news, saying a deer is a horse, democratic hypocrisy… this has already become a normal state of affairs, but I firmly believe, dark clouds cannot hide the light of the Sun:

“A thousand sails pass by the wrecked ship, and 10,000 saplings shoot up before the withered tree.”

No matter whether ethnic Chinese or Chinese citizens in foreign lands, when we live overseas we must be upright, proud people of China!”

That’s Huo speaking at a “study session of Xi Jinping thought” at Auckland’s Metropolis Museum on Saturday, July 10. He quit the Labour Party before the 2020 election, in a rumoured deal between Jacinda Adern and National’s then leader, Todd Muller, that saw Yang leave National also (“A Glorious New Dawn Has Broken Over Our Harmonious Society”).

Written by Tom Hunter

August 6, 2021 at 1:43 pm

NATIONAL ON GANGS

Following on from Labour’s laundering of close to three million dollars of public monies from the proceeds of crime back to the Mongrel Mob I am pleased to see Judith Collins release National’s policy re gangs. In bullet point format ….

New Firearm Protection Orders to seize illegal guns from gangs.

Bring back Armed Response Teams.

New criminal offences for violent gang crime.

New Aggravating sentence in the Sentencing Act for gang members.

Ban on gang insignia in public places.

Trial tasers for Corrections Officers.

Increased penalties for assaulting Corrections Officers.

New Legislation – no public funding for gangs.

require gangs to prove income is legitimate.

Clearly National and Labour are chalk and cheese when it comes to gangs made worse by a Police Minister whose standing in the Police force is trending south at a rate of knots.

Written by The Veteran

July 22, 2021 at 10:21 am

NO COMMENT NEEDED

Written by The Veteran

July 19, 2021 at 4:31 pm

Posted in NZ Labour Party

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Hand over the $35 trillion, you old farts

It would be an understatement to say that the latest Generations, Millennials and Gen Z, are increasingly a bunch of unhappy campers here in Western societies.

The main reason for their unhappiness is a growing feeling of falling behind and never being able to catch up as their forebears did after WWII. The target of their wrath are the Baby Boomers who, in their view, inherited a rapidly developing economy of plentiful, well-paid jobs – many of which did not require great education – as well as plentiful and cheap housing.

Obviously those are broad and crude generalisations. Many a Boomer will gladly tell you about mortgage rates of 20%+ in the 1970’s as they struggled to get their families together.

But the generations are often scathing about their predecessors; look at what Boomers had to say about their parent’s generation, they of Great Depression and WWII experience.

Strangely my Gen X group seems to have escaped the abuse, despite the fact that we got pretty good economies in the 1980’s and 1990’s, at least if you went overseas back then, something that Boomer Chris Trotter is still bitter about:

People like Bernard bade their country farewell at the first opportunity. All that free education and health care, all that social security: the tens-of-thousands of dollars invested in him by his fellow citizens; it all went to foreigners. If all the Bernards and Bernadettes of the 1980s and 90s had thrown in their lot with Anderton and his followers, the tragic failures detailed in Hickey’s Spinoff post might have been avoided. But Bernard and his ilk sneered at Anderton and the Alliance. The Left were economic Neanderthals. Losers.

The Mill / Gen Z groups do have legitimate complaints. With Western economies not exactly booming in the last twenty years as they did after WWII and with wage and salary earnings having stagnated as a proportion of the economy, plus ridiculous housing inflation that has actually got worse as the 21st century has developed. They’re just not building wealth as the Boomers did for the same age range.

However, that graph actually contains the answer, and it’s analysed in a WSJ article, Older Americans Stockpiled A Record $35 Trillion. The Time Has Come To Give It Away. It starts with what everybody knows – or suspects even if they haven’t looked at the data:

At the end of this year’s first quarter, Americans age 70 and above had a net worth of nearly $35 trillion, according to Federal Reserve data. That amounts to 27% of all U.S. wealth, up from 20% three decades ago. Their wealth is equal to 157% of U.S. gross domestic product, more than double the proportion 30 years ago, federal data show.

But nobody lives forever:

Older generations will hand down some $70 trillion between 2018 and 2042, according to research and consulting firm Cerulli Associates. Roughly $61 trillion will go to heirs—increasingly millennials and Generation Xers—with the balance going to philanthropy.

To which Mill / Gen Z might say, “So what. I need the money sooner than that”. Well the good news is that it’s already started.

The average inheritance in 2019 was $212,854, up 45% from an inflation-adjusted $146,844 in 1998, according to an analysis of Fed data by economists at a unit of Capital One Financial Corp.

And people aren’t waiting until they die. Annual gifts taxpayers reported to the Internal Revenue Service—a fraction of the gifts that flow outside the tax system—rose to $75 billion in 2016, from an inflation-adjusted $45 billion in 2010. Over that period, the amount that people could give away without paying taxes on gifts rose from $1 million to more than $5 million for individuals, and from $2 million to more than $10 million for couples.

Because of indexiing in the US system, those latter figures are adjusting up every year. There’s just one fly in the ointment:

The pending wealth transfers have caught the attention of the Biden administration, which recently proposed reducing a $40 billion annual tax break that has been the cornerstone of estate planning for generations of Americans. Today, people who inherit assets that have risen in value, such as stock held outside retirement accounts, a family home or a three-generation manufacturing company, don’t pay capital-gains taxes unless they sell. If they sell, they can exclude gains that occurred during the prior owner’s lifetime.

Under the Biden proposal, the owner’s unrealized gains would become taxable in the year of his or her death

Our Beloved And Kind Socialists here in NZ are obviously also thinking along the same lines: Is Labour going to introduce a death tax?

Oh I think they will, if they can get away with it, because they “know” that governments are better at distributing wealth across generations than families, just like they’re better at spreading the wealth around in the here and now.

I wonder what that will do to the youth vote in both nations?

Written by Tom Hunter

July 19, 2021 at 10:13 am

HASN’T BEEN A GOOD FEW DAYS FOR JACINDARAMA – TAKE YOUR PICK

The cock-ups in MIQ continue apace.

Inflation hits 3.3% and projected to increase

The ‘rural howl’ gathers pace

The OCR predicted to increase sooner rather than later

Labour funds criminal gangs to the tune of just under $3m

The Minister of Defence inserts foot into mouth (with perhaps more to come)

The taxpayer to foot the bill for returnees from Oz going into MIQ … after Jacinda said the opposite.

Banks increase mortgage rates

Massive increase in the criminal use of firearms

NZ imports record amount of ‘dirty coal’ from Indonesia making a mockery of the government’s attempt to reduce our carbon emissions footprint

The numbers on the government’s Priority A list for social housing top 20,000.

and

and

and

the list goes on.

New Zealand, the way you’ve got it.

Written by The Veteran

July 17, 2021 at 3:23 pm

DR GOEBBLES WOULD BE PLEASED

Waited in vain for any mention on TV One news that St Jacinda had herself approved the grant of $3m to the Mongrel Mob to run rehabilitation training for the addicts they themselves had created as kingpins in the supply and distribution of methamphetamine and other Class A drugs but no, not a sausage.

This straight out of the Dr Goebbels’ handbook. He who controls the media controls the message. Labour the organ grinder, the media the monkey.

But we did hear that Jacinda had approved taxpayer funding for Kiwi’s caught up in the NSW Covid-19 outbreak having to spend two weeks in MIQ facilities on their return home. This after saying earlier that those making use of the trans-tasman bubble did so at their own own risk.

Clearly Labour’s largesse knows no boundaries.

New Zealand … the way you’ve got it.

Written by The Veteran

July 12, 2021 at 9:02 pm

Posted in New Zealand, NZ Labour Party

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How many more times

Sigh.

It’s 2020 all over again as my daughter received word this morning that her graduation ceremony in Wellington this coming weekend has been cancelled because the Great Chinese Lung Rot Pandemic has struck again. Or more precisely because of the now standard reaction of our government with a lockdown that has been extended into the week.

Last year this happened to my son’s graduation – twice. We were finally able to nail it near the end of the year.

And as is often the case the decision to cancel was not in the hands of the university but the government building where the ceremony was going to be held.

So, cancelled flights, hotel bookings etc, and with no certainty of when they can be reinstated although the end of July is under discussion. But who knows if that gets blown up then?

Gosh I really miss that whole “Two Weeks To Flatten The Curve”. It held a note of optimism, whereas this looks like it’s never going to end. So let’s also repeat a couple of items. First from The Swedish View on COVID-19:

Getting out of the lockdowns will be the big challenge since the question is around which restrictions can be lifted, followed by watching for upticks in cases and deaths at each stage, with increases met by what? Reinstating the restriction?

Second is a South Park piece. I already put this up some months ago but it’s worth repeating: just replace the word “bailout” with “lockdown”.

Meantime, here’s Led Zeppelin in all their youthful glory on a Danish TV channel in 1969:

The Triumph of The Troughers

Oh great! Phil Goff may be on the way to the USA as the next NZ ambassador.

Why? Is the Auckland mayoralty boring him now?

Or is there some damage coming down the pike that he wants to be well clear of when it arrives?

That hideous cluster fuck of a train station perhaps? The abandonment of Queen Street and other traditional parts of Auckland’s downtown to the glittering developments of Britomart and the Viaduct basin as the new Auckland CBD? The increase in crime, homelessness and general filth? The relentless increase in housing un-affordability, with the city’s autistic focus on central planning for public transport and high-density living: such a winner in the world of Chinese Lung Rot 24 and other diseases? The rise of Pokeno and other far-flung new suburbs North and South in response?

FFS, the civic virtue path of Lucius Quinctius Cincinnatus is even more dead than two thousand five hundred years of time would suggest.

So let’s go through the list for this tosser:

  1. Over a decade as a student and then political Labour activist, until he got elected to Parliament in 1981.
  2. Thirty plus years as an MP, with nothing of note accomplished. The only memorable thing is being taunted by John Key with “Show Me The Money” while Labour leader during an ill-fated 2011 campaign when he couldn’t recall the tax revenue numbers he’d get from the Capital Gains Tax he’d promised. To be fair – going by the current government’s core-of-the-earth level of competence – I now think that Labour simply hadn’t run the numbers for the poor bastard.
  3. After a lifetime of bellowing political mediocrity, he finally retires from Parliament in 2016 – but only days after winning election of Mayor of Auckland, thanks to the usual apathy of local rate paying voters and the pig-headed refusal of National to run an explicit mayoral candidate because they “don’t get involved in local politics”.
  4. And now a lovely, cruisy few years in the capital of one of the world’s superpowers before finally retiring.

That last must be regarded as a wishful assumption at this rate, given the expanding number of bullshit bureaucratic jobs being created back in NZ that he can apply for. The best case scenario is that they’ll be some commission created in the future to deal with some non-existent problem that Goff can be appointed too.

Do these bastards have no sense of shame? Is the enormous pile of money he surely must have accumulated on three decades-plus of six-figure salaries, in addition to his various pensions, not enough?

Moreover, does he really think he’s got something special to contribute to the US-NZ relationship? Given the typical arrogance level of a politician I’m sure he does.

I wonder if he’ll hang this in his Washington D.C. office? With the current administration it would likely be a big hit.

On the other hand maybe this will lead to better trade relations with the US? They seem keen on supporting enemies more than their friends so I reckon it’s time we gave the former approach a crack. Phil won’t have to reach too far back into his memory to haul out some good America-hating stuff – although I’d go easy on chanting “Hey, Hey LBJ. How many kids did you kill today?”; a Democrat of Biden’s vintage might not appreciate that.

Finally, while I’m glad to hear he won’t be running again for mayor of Auckland I have no confidence that the next mayor of our city will be any better. Even though the creation of the Supercity of Auckland on National’s watch has produced a monster of influence even greater than their share of MP’s would suggest. At this rate Auckland will come to dominate NZ politics in the way that NYC, Chicago, LA and San Francisco dominate the politics of the states of New York, Illinois and California. Meaning that it will be more than politics: expect a national bailout of Auckland debt someway down the line.

But then all our main cities seem dominated by Leftists with Big Visions that require Big Spending and incompetent management.

Even if the next mayor was better than Goff, things like the City Rail Link are basically unstoppable at this point, with a budget that’s exploded from an original $2.3 billion to $4.4 billion – and that latter figure being merely mid-2019.

There’s likely plenty more where that came from in the city’s budget. Best to be cuddled up in Washington D.C. if that shit hits the fan.

Written by Tom Hunter

June 23, 2021 at 6:00 am

TWO (KING) HITS AND ALL WE GET IS ‘NEEVE’S’ FEEKIN BIRTHDAY CAKE

So last week Ardern got called out by the motor industry for telling porkies re the (non) availability of EV utes following on from her decision to impose an additional tax on new and second hand petrol/diesel utes in order to offer an incentive to the drivers of Remuera tractors to switch to EVs. Applause from the Greens … going down like a cup of warm sick among tradies and rural NZL and the cause of a certain bewilderment in Labour’s heartland who of course are lining up in droves to take advantage of the gummit’s generosity.

And now hot on the heels of Mike King returning his ‘gong’ in protest of the lack of action by gummit in dealing with the mental health crisis where he accused Ardern of grandstanding … talking the talk but failing to walk the walk … the revelation that the much trumpeted $1.9b for mental health announced in the 2019 budget has seen an increase of just five, repeat five, extra acute mental health beds. By this standard Kiwibuild must be adjudged a roaring success.

And all we get from a sycophantic fawning media is a breathless commentary on ‘Neeve’s’ feekin third birthday cake.

New Zealand … the way you’ve got it.

Written by The Veteran

June 22, 2021 at 12:39 pm

MORE ON LABOUR’S LATEST VANITY PROJECT

Auckland’s SkyPath bridge is looking like an expensive dog of the Kiwibuild variety designed to pander to woke JAFFAs. Last week Labour was forced to reveal that the benefit-cost-ratio for the bridge was 0.4 to 0.6 to one meaning that every taxpayer dollar spent on the bridge creates just 40c to 60c of value. Further, that those figures are predicated on there being no cost overruns and 2,700 cyclists using the bridge every day. Should any of those two figures prove rubbery then the bcr goes south.

Care to tell me of any major project coming in on budget … Transmission Gully +$196m with more to come; Auckland northern corridor improvement +$147m; Mt Messenger Bypass +$97m; Peka Peka to Otaki Expressway + $112m and that’s just for starters. And 2,700 cyclists on a cold wet windy day … give me (and them) strength.

And assuming those figures are kosher it works out that those hardy cyclists are getting a taxpayer subsidy of $41 per trip.

How to pay for it … easy. Cancel Northland’s Wellsford to Whangarei ‘economic’ highway extension; cancel the Whangarei to Marsden Point highway upgrade; cut the gummit’s contribution to the FNDC, Whangarei DC and Kaipara DC’s road maintenance and capital roading programmes.

Labour Party MPs Kelvin Davis, Willow-Jean Prime and Emily Henderson (who) are wasted spaces when it comes to sticking up for their constituencies.

Written by The Veteran

June 20, 2021 at 3:23 pm

Posted in NZ Labour Party, NZ Politics

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