Community Survey: Economics feedback for Michael Kay

Community Survey: Economics feedback for Michael Kay

❓INFO: SPONSORED ARTICLE for ATTICA

Authorised by Michael Kay, 58 Gleeson Rd, Manakau on behalf of ATTICA

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Our goal is to remake our economy to sustainable capitalism that works for many, not for the few. Most citizens want a fair, trustworthy, and competent Government treats them with respect, and have their collective interests at heart.

In the period between 1938 to1967, NZ had full employment and was counted in the top 10 richest countries in the world.

“I wish to suggest that our economic policies were for thirty years so successful that one may say that New Zealand was during these thirty years, possibly the most successful society in history. This is not a small claim! But it is one that can make us and do make us proud to be New Zealanders. We were respected throughout the world as the citizens of a social laboratory that had achieved levels of popular welfare in a country blessed by climate, and nature, unequaled elsewhere.” – Wolfgang Rosenberg

The second Labour government introduced a revolutionary economic model that produced full employment. Muldoon bruised that system, and the fourth Labour government utterly sold New Zealand out.

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A system – our legacy most of us have never heard of. With the destruction came the associated social ills. “Unemployment was at 955 persons on average in 1974. In 1984 – 84,000. However, 1975 was not the watershed but in 1967.

The state of economic health, which is expressed by full employment, creates social health. The decline in [NZ] suicides until 1967 and the growth of this form of death [from] 1983, and the steeply rising crime rate are the most significant indicators. On 29th June 1985, Dr. Max Abott, director of New Zealand’s Mental Health Foundation, was reported in the Christchurch Press that suicide rates in New Zealand are steadily
increasing. They can be linked to Unemployment.”

For something to become an object of commerce, it must be made scarce first. Within the free market structure, self-reliance and local self-sufficiency become a negative to the economy and business – all aspects of our lives must be monetized and consumerized for the benefit of economic growth but at the cost of true prosperity.

It is difficult to overstate how economic changes since 1967 have exploited our land and our people if we are to undertake a deep reform of the economy and restore our communities. We need to be careful about what part of our past we use to reimagine our future – to forget our mistakes is bad, but to forget our achievements may be worse.

In broad terms, this policy we look to principals of decentralization, localization,’ skin in the game’ (those who have risk, make the decisions) based Small is beautiful, by Schumacher and the mathematical truths in work of Nassim Taleb – That small is not only beautiful but also less fragile. This policy opposes “Junk Economic,” aka the Neoliberal, Chicago School Economics and its centralization, globalization, and the Soviet/Harvard fallacy of managerialism that has dominated our lives since the late 1970s.

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Bring Kiwisaver Funds home to support local innovation and local businesses and invest in our children’s future.
We must reject the economic strategy to send our own money offshore only to then borrow money from overseas. It is against our nature for our savings to be used to exploit other countries especially those whom we seek to have fair trade agreements. How: No government KiwiSaver subsidies will be supplied to any KiwiSaver invested offshore and subsidizing our savings going offshore.

Rapid Repay Student Loans:
All the tax you pay pays off your loan balance (variation of the old bond system). Amnesty (interest write off) for those who return home.

Profit Share-
Empowering workers and makers:
Tax Incentivise Co-Ops, Profit Share: Tax Incentivise Co-Ops, Profit Share by Reducing the tax rate by 3-5% for Co-Ops, Business, etc. who formally create profit share for employees. Set up a simple trustworthy mechanism and community framework to form Co-Ops, Partnerships, Profit Share & Cottage Industries. The restructure of Companies includes a two-tiered board system including ‘Dividend shares’ for workers, which gives profit share and voting rights. (cannot be onsold).

Abolish all GST
By removing governmental income from ‘consumption tax’,  governments must support higher wages, full employment, and local business profits as their only income source. Removing GST is a stimulus to the market, directly into the hands of citizens. As we drive to avoid austerity and stimulate a quick economic recovery in a fair and democratic way.

Simplify Tax System
Plain language, simple tax forms and taught at high school. Remove secondary tax. Remove Provisional Tax Obligations and instate flexible filing times, so the end of the year can be filed every two months or every six months. Allow a family income split, allowing shared income to be split across couples for tax purposes, lowering their tax burden, and help move quicker to owning their own home, farm, or business. ACC accounts to be charged like rates, a clear invoice amount per annum. Remove the provisional and retrospective payments. A yearly account to be paid yearly or quarterly or weekly.

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Regenerate Public Health Care for All. ACC
The portion of fees allocated (half) to health services directly to DHB, remove the ability to deny medical services for pre-existing conditions. ACC to directly fund from invoicing half the amount to the DHBs. Reform the ACC business model that includes denying service, seeking profit, and investing that profit offshore. Any current investments to be recalled and placed in healthcare infrastructure.

Fair Trade, Not Free Trade:
Withdraw from RCEP & CTPP (TPP) & UPOV & ETS – To remain in these deals is to forgo our biggest trade access GE Free in favor of the demands of foreign lobbyists that seek to purchase the patents of all our seed and intellectual property and for us to then pay them for its use. Permanently ban GMO -Transgenic gene editing: This will damage the brand and limit our export market and poison our food basket – a significant portion of whom ban the import of genetically modified products. Russia is Organic, Europe bans GMO imports and 60% of China avoids GMO products.

ProductivityBalance of Trade:
Balance of Trade – Import 1/3 of what we export. Diversify our Exports- increase and protect the brand. Focus on Regenerative and Organic. Diversify the timber industry. Productive wetlands for flax (linen). Fabrics, Fibres, Wool, Ethical Fur, Wood, Bamboo, polyculture forests, hemp for homegrown fabrics, and diverse building materials. Local processing of raw materials for the local and export markets. Prioritize KiwiSaver and local investment to local mills, including fiber carpet, bamboo, and timber. Broaden farm produce to include nut proteins and other tree crops. If small businesses that sell only locally can create an income of even 5-10% of annual revenue from export – this will bump up our exports a little but create huge benefits for households and local communities.

Localism:
Localism is the “regime of establishing a secondary industry to supply the domestic market.” Localism has done on a community scale, whereby communities focus on producing goods within that community, returning local manufacturing, becoming as self-sufficient as possible. The local market creates innovation, tests markets on a small scale, resulting in innovative and diverse products and exports. We are local and practical animals, sensitive to scale. Local business is preferable to global corporate enterprises because it operates on a human scale and helps people you know succeed. We have to live with the consequences of production on our own local ecosystem, we can respond quickly to change polluting activities, encouraging stewardship.

Anti-Trust, Mergers, and Monopolies laws to protect local industries and local eco-system. New Technology & Products introduction based on Precautionary principal. (includes liability & indemnity on those who profit):

  • Protect our IP and Patents and Students from predatory venture capitalists & international corporations.
  • No Patents on Life – Reject American Laws.
  • Impose stricter controls on mergers and monopolies as well as restraint.
  • Restrictions on absentee ownership.

Ban offshore entities & citizens any exceptional access to NZ natural resources (irrigation rights, water bottling exports, etc.) The Commons vs State-Owned Assets:
Restructure and protect our natural resources by reforming the State-Owned Assets business model that includes denying service, seeking profit, and investing that profit offshore.

Moratorium on Offshore Absentee Ownership:
Stop selling the means of production offshore. No, it’s not foreign investment, its Neo-Feudalism. We believe those who work the land, should have the right to own the land. The aim is to be selective about the type of capital that flows into the New Zealand economy. We must try to stop the inflow of capital “investment serves as a crowbar for looting and hollowing out our productive economic base while leaving us open to genuine job-creating investment.” (Finance Curse, Shaxson)

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End Public Private Partnerships:
Stop socializing losses and privatizing gains. Private companies and public service, like church and state, should be separate. “Private sector corporations must maximize profits if they are to survive. This is fundamentally incompatible with protecting the environment and ensuring universal access to quality public services.”David Hall. PPP’s have no accountability to the people, they cost taxpayers more while eroding our democracy with unfair access to legislations. “Adam Smith stated that a totally free market is an impossible utopia and insisted political leaders maintaining ever-vigilant suspicious attention toward businessmen who steer laws in their favor”… Linsey McGoey Restore democracy by dismantling the web of private-public partnerships that seek to remove guardianship of natural resources from the commons of the people, to ‘for-profit corporations’ and ‘consultants’ and ‘investors’.

UBI & Inequality – Why Not UBI?
We are against UBI in principle because it accepts dependence on the state and maintains unfair access to resources. Most productive work requires access to resources. Nature has limits. But Natures resources are being hoarded and privatized. The key issue for the middle and working class is access to resources as the value of labor has not risen since the seventies, but the value of land, homes, food, education, has increased significantly.

We seek an egalitarian society, whereby no matter your social position at birth, you can find a place, a good education, a home, and a job – building a life as a contributing member of the New Zealand community. NZ had this before but it has been lost to three generations of Kiwis. Our position is UBI is just a bandaid and we seek healing and restoration of our kiwi way of life. Our policy is designed for the creativity, innovation, and skills of the NZ people to flourish, sustainable capitalism.

Sent into thisquality (© Copyright 2020 thisquality LLC, All Rights Reserved) on behalf of an extract from a larger document, 12th May, 2020 – Soraya Bradley (© Soraya Bradley Artist Ltd) All Rights Reserved. Do not redistribute, copy, or claim this is yours for any reason. Even if you’re associated with a political party or a political party!

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