Interesting, yet overall depressing figures just out from Statistics New Zealand (hattip: NZ Herald)
on Average Household income.
I just can't help but focus in on the statement:
Income from self-employment was down 24.5 per cent to $4213, from investments it was up 17.4 per cent to $3057, superannuation and war pensions rose 1.6 per cent to $3970, and government benefits were up 5.7 per cent to $3740
In particular; self-employment down 24.5%, Government Benefits up 5.7%
One would think that the Government and the Labour party would finally be able to see what many keep telling them: they are killing the entrepreneurial and no 8 wire spirit of this country.
By destroying any possible reward for risk taking endeavors they are shepherding more people into "jobs" with existing corporates; rather than supporting those that would actually help to make a difference through creation of wealth - instead of selling time.
I'm sure they will crow about the increases in wages and salaries; but at a fundamental level this will never help us reverse our declining balance of payments, nor declining levels of corporate ownership. Only by supporting risk with real return; and reducing the over subsidization of risk aversion will we make a change for the better.
Otherwise we keep channeling our productive funds to those who, by definition, are most incompetent in their use.
http://www.nzherald.co.nz/section/3/story.cfm?c_id=3&objectid=10479424
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1 comment:
That sounds about right: 25% in the free market being turned into 5% by the government. This is the kind of government efficiency the Left wants to bring to all aspects of our lives.
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