Please join us at our new site: www.sirhumphreys.com.
The RSS feed for sirhumphreys.com is now here.
Yahoo! Search
Preceding Posts
- How much is $12,000?
- Gotta love it
- Kids Not Silly
- 'He had crossed the border from Syria into Iraq on...
- Space Shuttle Discovery successfully launches
- The Islamic Republic of Iraq?
- Mistakenly shot man ran AFTER police identified th...
- Sue Bradford wants to make smacking illegal
- Labours Student Loan Bribe
- Short Memories
Archives
SITE MOVED:Sir Humphrey's has moved
Wednesday, July 27, 2005
Leftists: Robin Hoods in Reverse
Yesterday I talked about how Labour's new Student Loans scheme was not only redistribution of wealth (a bad concept at the best of times), but even worse, it was redistribution from poor (uneducated) to rich (educated).
Today, the blogosphere reaction to the scheme provides final proof of one thing: Lefties are nothing but a bunch of self-centered greedy pricks who never think of the actual effects their favoured fraudulent schemes have on others.
I have been saying this on this blog ad nauseum of course, but this is a perfect example of it.
The number of quotes along the lines of...
Marian Hobbs' yes-man, Jordan Carter:
These people are planning to receive stolen money, stolen from the poor, uneducated and disadvantaged, and are crowing about it.
I think I'm going to be sick.
Today, the blogosphere reaction to the scheme provides final proof of one thing: Lefties are nothing but a bunch of self-centered greedy pricks who never think of the actual effects their favoured fraudulent schemes have on others.
I have been saying this on this blog ad nauseum of course, but this is a perfect example of it.
The number of quotes along the lines of...
This is great because my student loan won't cost me as much of my money, so my life will be improved....beggars belief. And this is just a small selection:
Marian Hobbs' yes-man, Jordan Carter:
Personally the policy would save me $24,000 or so. Yippee. :-)Saddam Hussein's PR man, Christiaan Briggs:
Having already racked up $18 000 in interest this has the potential to save me personally up to $40 000 in the long run.Participant in Russell Brown's Free-Blogs-for-Morons programme Che Tibby:
But this doesn't matter at all, because the handy big red Labour calculator tells me that I get to not have to repay the EIGHTEEN HUNDRED DOLLARS per annum, also pay off the total loan four years faster and save a total of SIXTEEN THOUSAND DOLLARS…Commenter Ghet:
I'm staring at this with a 'too good to be true' vibe jangling in my head. But if they go through with this, man, that's us in a position to buy a house a good couple of years sooner.Commenter Tony:
I'm a graudate, and the policy is going to save me $17,000 and allow me to pay off my loan 5 years faster.Commenter MakeTeaNotWar:
Oh my word...that is an election bribe I'm happy to take.I haven't worked out the actual savings yet but as me and my significant other combined have student loans of over $70,000 I have to say this is really feeling too good to be trueAnother Free-Blogs-for-Morons participant Tze Ming:
Not that this isn't a great Backatcha-Booyakka-headline-trump card policy or nuthin' that is making loads of my friends jump up and down in teary-eyed glee and relief...Commenter Adrienne:
My loan is $36K, a good 8k of which is interest. I worked for 3 years as an academic in NZ before coming to the US, and managed to knock off a wopping 3k of the capital besides keeping interest down. I've been resigned to having it for most of my life until now... I'm absolutely over the moon, given that I'm planning to be back in NZ for good in 2-3 years.Wow.
These people are planning to receive stolen money, stolen from the poor, uneducated and disadvantaged, and are crowing about it.
I think I'm going to be sick.
9 Comments:
Wait until Labour puts their tax up because their new coalition partner, the Maori Party thinks they are "rich", they will not be saving a cent.
Interesting commentary though given that the left always accuse the right of being "in it for themselves".
Hypocritical little short sighted wankers.
Does anyone know if the government acts like a bank when it lends out money; ie is student loan money borrowed into existance, or is it a straight transfer of tax payer funds?
Yes. You begin to see the true measure of Labour and the Left. What tickled me was to see the oxymoron who thinks being an academic in NZ means work. All I can say is, if a couple of kids can work off $30k of student loans between them in two years, what are these useless pricks doing with their money? Paying off their dope smoking fines at the same rate as their student loans?
Lucyna, as I understand it the government borrows the money which students use, of which the interest payments are forwarded as a component of the interest paid by graduates.
Typical responses though - they can't see past their own wallets. Of course, none of us can hardly don crowns of altruism and selflessness all the time either...
True Ashley, but the left often make blanket accusations that middle class NZ want more money at the expense of others.
It's more the case I want to KEEP more of what I can earn to provide a measure of financial security for my family.
I want to CHOOSE how I spend it, knowing that spending helps circulate the money. I like to buy locally made goods wherever possible, and I like to support small business where possible, because less money flows back overseas.
I want disposable income that I can DONATE on worthy causes - ones that focus on outcomes.
I do not expect to pay no tax. I do not expect to operate outside the community. I just want to know that a small efficient government is less likely to waste my tax dollars than a large, overbearing one.
Less bureaucracy and taxes will help small local businesses compete against large multinationals, and stimulate growth and encourage investment.
I was not particularly impressed with Nationals student policy, nor the pre-schooler rebates: just more targetted socialism. But Labours giveaway is ridiculous. I think its the wrong way to help.
Maybe a better and fairer incentive would be to be able to get a tax deduction on any loan repayments that were in excess of a percentage of a persons current salary. Thus, the people putting a bit more back than normally required, would be rewarded?
The only fair way is to reduce the tax rate so it can be paid off quicker. Oh hang on, Labour doesn't like people having choices. To quote Cathy - wankers.
Did you go through uni in the days of free tertiary education, RWDB?
Absolutely Zen. I would much rather that we have tax cuts for everybody than targeted pork barrel politics for some (where a political party sees a portion of society as 'winnable'). Unfortunately there are winners and losers for everything - this bribe benefits those with student loans at the expense of everybody else, just as tax cuts as opposed to targeted transfer payments will benefit the richer (because they pay more tax) as opposed to poorer people (who either get less or nothing, and/or lose out because they do not get the targeted transfer payments).
Ultimately, I would like to see a flatter tax structure with a no-tax threshold at the bottom (the first $500-$3000 for instance). I want that because I think it is fair, and I don't think people like you should pay a heap of tax. I also think it is wrong that my family is considered Nouveau Riche because my father worked his way up from the bottom to get to a level where his income now sits just above the top tax threshold.
I don't want this bribe from Labour because I think it is sending a terrible message to my peers about the consequences of borrowing money, and it will force a greater tax burden on everybody else to pay for it.
Of course, I am mindful of the fact that in another couple of years, I will be starting up the ladder in some Accounting firm, and I don't want to have to pay a lot of tax, or pay a higher middle/top marginal rate so a bunch of students investing in their future (like I am investing in mine) can get interest free money (in essence getting some free money, because of the time value of money).
On a side note, I am considering next year getting the student allowance and pumping that into one of the high interest accounts, and then diversifying into shares (with say, a third of the principal) if the market is healthy. Might as well use the knowledge I have. May even look at bonds if the OCR remains high.
http://www.telstraclear.co.nz/newsfeed/news_item.cfm?id=82502
Here is a good one.
Vote United and get Labour...
Peter Dunne can take the credit for this ludicrous policy.
And of course it is good to see that Labour found the economy in such strength during the budget analysis, now Trev may want to explain why everyone could not get a tax cut sooner.
Dumb wankers.
Post a Comment
<< Home