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Monday, April 04, 2005

"May Have Undermined"

0800 RLWNews proclaimed that "the Prime Minister thinks John Tamihere may have undermined his chances of returning to cabinet after the election."

Tommy Hairix erupts like Ruapehu and Dominatrix desperately reaches for a knife to cut ofF his cods and through gritted teeth tells the world she still loves him, just.

I haven't enjoyed better political sport since the Profumo affair.

Posted by Adolf Fiinkensein | 4/04/2005 08:05:00 AM


Blogger Gindy said...

Off the topic question. I was surprised to hear from your comment that you are aware of the Fairtax. Is that something that people in NZ are considering?

4/04/2005 11:51:00 AM  
Blogger Antarctic Lemur said...

Fairtax? What does that mean?

4/04/2005 11:57:00 AM  
Blogger Adolf Fiinkensein said...

I've always understood most of our taxes to be bloody unfair. Gindy, please explain.

4/04/2005 01:50:00 PM  
Blogger ZenTiger said...

Fairtax (as I understand it) is the proposal to replace the entire tax system with a sales based goods and services tax.

This is a significant variation on the flat tax systems, which generally argue for a major simplification of the tax system, minimise deductions and wipe out millions of (unproductive) hours tracking accounts.

You wipe out personal income tax returns, complex deductionh schemes, and cut out about 90% of accounting and business compliance costs.

It also helps lower the countries production costs, which is like an instant equaliser in terms of competing with imports.

Here's a quick summary

I've done a couple of posts about flat tax systems, which I am generally for, but haven't got around to looking deeper at this one. I am working on a post (probably a few) that will first outline the way banks create money from nothing, which forms the basis of a debt based economy.

Any good sites to look at would be appreciated Gindy (either for or against, its always interesting to see the inverse level panic to an idea).

4/04/2005 07:44:00 PM  
Blogger Antarctic Lemur said...

Interesting. Does this system distort commercial transactions in any way?

4/04/2005 08:00:00 PM  

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