jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131I read the ‘Policy’ again. Apparently they are putting up fuel taxes to help fund this, so they will make us all poorer to make us ‘better off’.
They quote The Clean Energy Finance Corporation as earning ~3% over its cost of funds. This completely ignores the required rate of return for the type of early stage high risk investment. On this basis the government should own everything. I guess that is part of their plan.
]]>Apparently they are. http://www.nzherald.co.nz/element-magazine/news/article.cfm?c_id=1503340&objectid=11211745
]]>No idea, there really isn’t enough detail in this policy to tell what is going on – and the justification that “other countries did it, and the money was used” isn’t particularly compelling.
So far, none of the parties have really been particularly impressive – at least they have been relatively restrained.
]]>The average salary of the top 25 hedge fund managers in the world is about half a $1 billion.
Do you seriously think a bunch of government analysts sitting at their desks in Wellington paid $100,000 a year can play the same game even on the small stage that is New Zealand?
]]>“I would prefer to see the environment supported through Pigovian taxes and removal of distortionary taxes, bribes etc in favour of dirty industries but as far as second best solutions go this sort of thing is not the end of the world.”
I am in that direction also – but even then there are two issues:
1) Using a second best when a first best is do-able is strange.
2) I don’t know if I would term this second best, stating it is second best involves assuming that it is constructed optimally and transparently – which is actually a big assumption for such a direct control type institution
I’d also note that if the problems in the financial industry are due to mistakes in financial regulation, this would imply fixing up financial regulation – not have the government circumvent it by assuming it is a failure, thereby shifting risk onto taxpayers. A lot of policies involving finance seem to involve shifting risk onto taxpayers, and it concerns me.
]]>I would prefer to see the environment supported through Pigovian taxes and removal of distortionary taxes, bribes etc in favour of dirty industries but as far as second best solutions go this sort of thing is not the end of the world.
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