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NZ rejects Capital Controls Replies |
HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11740 Location: Los Angeles, California
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diesel Moderator


Joined: 05 Oct 2006 Posts: 793 Location: Australia & New Zealand
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Posted: Thu May 17, 2007 2:09 am Post subject: |
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| Meanwhile the squeeze on the middle class continues. In New Zealand almost everything is inflation adjusted with the exception of the income tax brackets. The result is more and more income of the middle-class falls in the top tax bracket of 39%. Government redistributes this to there voter base comprised of the lower class + unions and continues to build a bloated bureacracy that is hindering private + public capital to the point that it is almost impossible to get anything done, easier to just jump the ditch to Australia but even there things arent much better. The rich avoid the top tax rate with trusts, structured companys etc. The middle class are hurting, that I can see first hand. Funny thing is without them the system in its current form wont survive IMO. Down under you say, a fitting description for New Zealand. |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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