this post was submitted on 24 Jan 2025
196 points (99.0% liked)

Aotearoa / New Zealand

1718 readers
33 users here now

Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general

Rules:

FAQ ~ NZ Community List ~ Join Matrix chatroom

 

Banner image by Bernard Spragg

Got an idea for next month's banner?

founded 2 years ago
MODERATORS
 

That's why they are rich and we are poor I guess.

top 14 comments
sorted by: hot top controversial new old
[–] smegger@aussie.zone 42 points 1 month ago (1 children)

It makes sense. It's a valuable resource that the country should own as a whole. Make it work to improve the country, not just a small group of individuals bank balances

[–] BalpeenHammer 9 points 1 month ago

We don't have much of it so squeeze every last bit you can out of it.

[–] RangerJosey@lemmy.ml 13 points 1 month ago (1 children)

That's the primary reason yes.

We don't tax corps. We used to. Taxed them 70-95% I can't remember the actual number.

But that's what built the industrial powerhouse that won the cold war. Those high taxes could only be written off by reinvesting into the business. Hiring more people. Raising wages. Buying new equipment. Those high tax rates are what made it all work.

Without those you get Gilded ages like what both proceeded and have followed them. Because capitalism eats itself without a strong government hand at the tiller. Protecting it from itself.

[–] BalpeenHammer 1 points 4 weeks ago

We are only taxing profits FFS. If you want to avoid taxes invest in your people and equipment. higher salaries == less profits == less taxes

[–] TagMeInSkipIGotThis 10 points 1 month ago (2 children)

If I understand the argument is that we have no expertise in finding and extracting it, so we have to offer bigger concessions to get anybody to do it.

Which sounds like the wrong solution to the problem, but what would I know?

[–] dragonfucker 8 points 1 month ago (1 children)

Maybe nobody should extract it.

[–] SkunkWorkz@lemmy.world 3 points 1 month ago (2 children)

Yeah but then car no go brrrrrr

[–] dragonfucker 4 points 1 month ago

Good. Car is noisy and annoying.

[–] TagMeInSkipIGotThis 3 points 1 month ago (1 children)

Other than CNG/LPG I don't think any NZ cars have run on what we extract for at least a few decades now (could well be wrong).

Fortunately electric cars exist and they can go whrrrrrrrr instead of brrrrr!

[–] Venator 2 points 3 weeks ago

Also we could probably build enough bio fuel capacity for all the cars to keep going brr in a carbon neutral way for those that are keen on that sort of thing.

[–] BalpeenHammer 2 points 4 weeks ago

What's the argument for taking such a low cut of the profits?

[–] booganiganie@lemmy.world 8 points 1 month ago* (last edited 1 month ago) (1 children)

Could be worse You could be Australian! We subsidise them to take our resources 😀🙁

[–] shirro@aussie.zone 4 points 1 month ago

The moment we discuss resource tax reforms in Australia the mineral lobby will stage a coup and remove the PM. It is a stain on our democracy. Nothing anyone can do about it. They own the country and we just live here and do what we are told.

[–] booganiganie@lemmy.world 2 points 4 weeks ago

Could be worse. Could subsidise overseas companies to take the resources. I'm looking at you Australia.