Criptic Critic Conscience and Known for it

Wednesday, January 26, 2022

The Government’s Covid policies made the rich almost $1 trillion, (a million million) richer, while the poor were allowed to get $400 million further in debt to the Government itself. The biggest and fastest increase in wealth for home and business owners in the history of Aotearoa-NZ 2022.

 

Bernard Hickey writes:
 
"The accounts illustrate vividly how unequal the recovery has been and how Government and Reserve Bank policies have engineered, deliberately or otherwise, the biggest and fastest increase in wealth for home and business owners in the history of Aotearoa-NZ".
 
A MASSIVE WEALTH TRANSFER IN BLACK AND WHITE.
 
Statistics NZ reported its national accounts for the September quarter yesterday, which included its measures of the income, savings and net worth of various sectors of society, including households, non-financial businesses (ie not banks) and both central and local Government.
 
It’s possible to untangle the various flows of cash from one sector to the other and what has happened to their savings and the value of the their assets through the Covid k-shaped ‘rekovery’.
 
The accounts illustrate vividly how unequal the recovery has been and how Government and Reserve Bank policies have engineered, deliberately or otherwise, the biggest and fastest increase in wealth for home and business owners in the history of Aotearoa-NZ. This happened at the expense of the renters of today and tomorrow, who have experienced a massive real wage shock because inflation has been more than twice wage growth, and rents have risen faster than wages. Renters have also missed out on the bonanza in asset values and now face the widest gap in wealth in our history, with the inequality focused on home ownership.
 
Beneficiaries and the poorest were given an extra $48m in cash grants in 21 months, while households with homes and businesses received an extra $18.8b in cash and were able to increase their cash holdings in banks by $51.6b.
 
Any of those renters hoping to make the leap into home ownership now face a chasm to save a deposit in the hundreds of thousands, while also having to pay the most expensive rents relative to incomes in the world from wages that have fallen 2-3% in real terms over the last year. And that’s before they try to get a loan from a bank asking them whether they’re pregnant and why they bought lunch.
The national accounts show that household net worth rose by $629b between the end of December 2019 and the end of September 2021, while the net worth of non-financial businesses rose $323b. In short, asset owners got $952b richer during Covid, while the poor saw their real incomes go backwards and their debts to MSD rise by $400m to $1b by mid-2021 (CPAG)
 
So what happened to all the cash?
 
The accounts show the Government paid a total of $19.95b in subsidies to businesses over that period, made up of wage subsidies, resurgence payments and other support packages, while businesses recorded profits totalling $27.16b, up by $15.492b in the previous 21 month period. That begs the question: why weren’t businesses told, or even asked nicely, to pay back their extra surplus, driven largely by taxpayer cash? And where is the outrage from the Taxpayers Union, ACT and National, who profess to care about misuse or unfair payment of taxpayer funds to individuals?
The Government has not asked those businesses to repay the cash from the increased profits, and the businesses themselves have repaid less than $4b of the money given to them as wage subsidies and resurgence support payments. It hasn’t come back to the Government either, at least not yet. The cumulative corporate tax profits paid in the 21 months since Covid was $19.73b, which was actually down from the previous 21 months at $19.95b.
 
And then there was the money printing
 
Also over that period, the Reserve Bank printed $58b to buy Government bonds and relaxed lending restrictions, which dragged mortgage rates lower and sparked a rise in house and commercial property prices of 20% to 40%, depending on location and property type.
 
Here’s a compilation that follows the money, comparing the post-Covid period with the pre-Covid period. It shows the Government gave businesses an extra $18.8b in cash in wage subsidies from the March 2020 quarter to the September 2021 quarter inclusive. Businesses then increased their profits by $15.5b and increased the cash in their transaction and deposit bank accounts by $26.3b.
 
Also over that time, household cash balances rose by $25.3b.
 
Over the same period, the Government increased cash grants for the poorest by $48m to a total of $3.233b, compared with the same 21 month period before Covid. Since Covid, demand for food parcels at the Auckland City Mission more than doubled to 20,238 in the six months to June 2021 from the same six months in 2019.
 
In summary, the Government’s Covid policies made the rich almost $1t richer, while the poor were allowed to get $400m further in debt to the Government itself, and were forced to apply for more than twice as many food parcels in our largest city.
 
The Government’s emergency cash support for businesses was given without any means testing and there has been no comprehensive review of whether they still need it, or whether it should have been clawed back.
 
Meanwhile, the PM extols ‘Labour values’ to Labour MPs
 
PM Jacinda Ardern said last week to her MPs at their caucus retreat at a wedding venue on the South Taranaki coast that her Government had managed equity and fairness with ‘Labour values’ during the Covid crisis.
 
“The test of equity and fairness is how you manage a crisis ... I'd like to think through the last two years we've demonstrated Labour values. We will continue to demonstrate our ability to manage challenges and change when it comes to climate, housing, poverty, everything we continue to face as a nation." Jacinda Ardern last week.
 
Bernard Hickey



WELFARE WAGON

Princes of the Yen | Documentary Film

Monday, January 17, 2022

Ivo

There's a moon tonight that reminds me of Melancholia, von Triers masterpiece.

There's a moon tonight that reminds me of Melancholia, von Triers masterpiece. Though instead of blue turquoise green and white, here above Ōtepoti Dunedin hills is a fat orange thug, gloating about it's victory over death. As I prepare to vaccinate my children I'm reminded that my whole life I've been told we are doing to die by some fucked up scenario after the other. There's this thing where I can tell when someone is actually rubbing soul hands in glee over the opportunity to feel the wrath finally punish all the wicked for their bad deeds, hands in a kind of existential nihilist nirvana, a satisfaction that they the royal we is finally getting what it deserves.

It's a kind of relief in punishment that the sado masochists love, that we are to blame for this, addiction to self created drama, because boredom is an even worse death. Consent is the big deal. How does a slave render his consent? Just hypothetical, just joking, I obviously don't know what I'm talking about, stop reading. Phizer is such a corrupt company, Billions in legal damages, actual nasi origins and yet I'm playing along with it cause nasi's must all be dead by now and a test and treatment is not even on the table as an option. I don't understand that, and no pamphlet saying 'trust me' is going to sway that argument.
Wells Tao
2h · Shared with Public
Public
'I agree with them about X but disagree with them about Y'. Instead, all you can do is divide the world up into two lists: people who you consider acceptable and everyone else. Troubling complexity is wished away, replaced by the childish comfort of oversimplification.
J.K. Rowling and the death of nuance | The Spectator
J.K. Rowling and the death of nuance | The Spectator
Can we even talk about trans issues anymore?
8 Comments
Wells Tao
hello covid
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Suraya Sidhu Singh
Isn't The Spectator among the most right-wing of publications?
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Wells Tao
whoa yeah, right I forgot, though I am in this phase of trying to fuzz the idea of trustworthy sourses being souly attributable to their brand name, no sarcasm, I was interested in the idea that the writer makes but I think this falls into cancel culture territory that frightens me.
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Suraya Sidhu Singh
Wells Tao I don't even know where to start 😆
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Wells Tao
I appreciate that reply, you are generous
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Wells Tao
it's a curious phenomenon, the way so many subjects intertwine in such a way that make it impossible to even start one, given the avalanche that it leads too.
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Wells Tao
at least I am finding that. To speak is to assume a position of error. To wonder allowed is akin to launching a PR attack. To try and exist awkwardly with ones prejudices, in a process of being educated of course but also that the course is still developing too, so there's a whole issue of timing that everyone is so sure they know, what the timing, what the place is that you should be on, already. As you are not, you see, you do not have a position, as you are, to defend.

Wells Tao
I wrote you into my poem. I'm sorry if that offends.
There's a moon tonight that reminds me of Melancholia, von Triers masterpiece. Though instead of blue turquoise green and white, here above Ōtepoti Dunedin hills is a fat orange thug, gloating abou… See more
The Spectator
The Spectator
The Spectator
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Suraya Sidhu Singh
Wells Tao Does not offend. Your decision sounds stressful. Hope everything goes well 👍🏽x
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Wells Tao
Thanks Suraya Sidhu Singh. It is so I am trying to rise to the occasion.
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Wells Tao
...cont. I mean I accept Judith Butlers rebuttle that transwoman are woman, that gender needs to move over and that it's exclusivity has been a mistake that is no longer tolerable. And I see how some born female people see how this change is like 'men' again moving them down the order of things or such. That competing in physical competitions together feels unfair as Transwoman have a clear advantage. So I'm stuck wanting some middle steps to form, points where both can find some satisfaction self determination. That is not at the expense of one or the other.

And then I think about the covid response and how I use to hear about research being done to find practical and effective cheap treatment and how that fucking stopped and the narrative literally buckled as the marketeers came to down with their wonder cure and everything fell silent. Seriously silent. I can't even speak about it. I'm a conspiracy nut. So there's not a leg to stand on there, at all. No meeting point of mutual respect, distance created so both can coexist. It's just you are with us or against us. George Bush made that famous. Who's calling the shots here.

Lies printed with the truth and both are thrown out, protects Control from truth. We don't have information access, we have a controlled picture. Extreme polarization breaks Democracy in favor for the 1%
 
caring

Friday, January 14, 2022

Why is it that if your boss says have sex with me or you’re fired’ it’s considered coercion, but your boss says ‘take the shot of you’re fired’ and it’s not coercion? They both want to stick something in you that you don’t want.

 

    January 13 at 11:39 PM 
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    I certainly felt pressured/ coerced into shots, I certainly couldn't get the kind of neutral un politicized info I would have like to make an informed decision. My body my choice? Not really.
    60 Comments

    Pippa Sanderson
    Wow that's not the same at all
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  • Murray Kilpatrick
    Pippa Sanderson why is it not the same?
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  • Don Franks
    Murray Kilpatrick why it is not the same ; because the first is a reference to women and girls suffering rape and the second is a reference to an overwhelmingly socially accepted medical protection against an epidemic
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  • Murray Kilpatrick
    Don Franks could you please tell me what vaccines actually do
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  • Don Franks
    You'd do better to ask a medical person Murray. To be honest I've taken various vaccinations through my life as an act of faith in modern medicine. Several friends of mine take a different view on vaccination and I respect their opinions and right to broadcast them.
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  • Murray Kilpatrick
    Don Franks hi Don first of all happy new year. I do hope the running and music are all going well? Im not a medical person either. And yes I've been vaxed for a variety of illnesses throughout my life we are both double covid vaxed. However. Vaccinatio…
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  • Don Franks
    Best for 2022 to you too Murray, yes, all going good over here thanks and looking forward to a bit of a jam with you when circumstances allow.

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  • Ross McComish
    Murray Kilpatrick vaccines reduce the likelihood that you will catch a disease or be severely affected by it. The Pfizer vaccine does that by introducing your immune system to the messenger RNA that produces the spike protein of SARS-CoV-2. It's not a traditional vaccine. This one is like a little blueprint that teaches your immune system how to respond when the real thing comes along. Robert Malone did early work on mRNA technology, but it's incorrect to say that he "invented" the vaccine. His recent statements are rather confused and ambiguous and are not taken seriously by most experts in the field. It's much safer just to accept that our public health officials are not incompetent or dishonest and are dealing with an uncertain situation as well as can reasonably be expected. Much safer than picking out plausible contrarians like Dr Campbell, who claims not to be biased but clearly is.
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  • Wells Tao
    Pippa Sanderson one question, is Covid likely to be man made or naturally occurring?

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  • Wells Tao
    Ross McComish one question, is Covid likely to be man made or naturally occurring?

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  • Wells Tao
    Don Franks one question, is Covid likely to be man made or naturally occurring?

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  • Murray Kilpatrick
    Ross McComish we all have our truths. I'll accept that you have yours.

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  • Wells Tao
    Murray Kilpatrick one question, is Covid likely to be man made or naturally occurring?

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  • Murray Kilpatrick
    Ross McComish what do most of dr Campbells vids comprise of?

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  • Ross McComish
    Murray Kilpatrick is that a rhetorical question?

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  • Murray Kilpatrick
    Ross McComish no im asking you describe what you have seen when you have viewed John Campbells utubes

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  • Ross McComish
    Murray Kilpatrick I've already told you what I've seen. It's not something I want to spend any more time on

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  • Murray Kilpatrick
    Ross McComish have you viewed his videos through to the end

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  • Ross McComish
    Murray Kilpatrick Not all of them, of course. Enough to decide that I prefer to follow government policies based on the best available expert advice, rather than the hobby horses of a retired nurse.

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  • Murray Kilpatrick
    Ross McComish as I said. We all hold our own truths. You are certainly entitled to yours. Have a wonderful night.

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  • Ross McComish
    Thanks, Murray. And, as jesting Pilate is said to have said, "What is truth?" And, like him, not waiting for an answer . . .

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  • Murray Kilpatrick
    Ross McComish a very good idea. Have a lovely night.

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  • Ross McComish
    Wells Tao I don't know how to calculate the likelihood of that 🙂
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  • James Woods
    Wells Tao I think that's a bit of a moot point: Ebola came about due to us encroaching on primate's natural environment so much that the simian hemorrhagic virus mutated (as they do) to work on the other large population available - us. So whether covid came about directly from us experimenting in a lab, indirectly from us bringing large groups of animals together in hot spots to breed disease (I mean the wet markets) or as a side effect of us encroaching on the natural world to a massive degree, the end result is: We caused it.

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  • Murray Kilpatrick
    James Woods its very interesting that apparently Omicron has mutated from the origins virus. Not from Delta which was the monopoly mutation in South Africa at the time the mutation seems to have developed. I suppose lots of possible scenarios?
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  • Wells Tao
    James Woods yeah that's a tad romantic for me. Lol but I do love a good moot! Nice one.

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  • Wells Tao
    Murray Kilpatrick yes I like the idea that mutations don't have to get worse, that statistically infact they are (i'm guessing here) get weaker

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  • Wells Tao
    Murray Kilpatrick and I'd just like to say thank you for being so brave and truthful, for sticking your neck out and participating in this little survey. I really do appreciate it. Not an easy thing to do. People I thought though have been pretty nice, on the whole, I mean I've seen some real scenes of terror visiting others pages, yuck. I've deleted a lot of the quickfire narrssists however, over the last two years.

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    Wells Tao
    Tara Dalefield one question, is Covid likely to be man made or naturally occurring?

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  • Tara Dalefield
    It's naturally occurring! It was a bat virus before it started infecting humans.

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  • Wells Tao
    right. That idea has been seriously eroded in terms of credibility or likely hood.

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  • GIF may contain Confused, meme, girl, uhmmm and What Now
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  • Wells Tao
    Tara Dalefield I know right, often called the rabbit hole, but we are all at various and different states in one rabbit hole or another, mud slinging is too easy. I like a generous listener but not a fool. I'm not going to put the cat back into the bag. The cat is out. I've heard too much and I'm experimenting with what I think about it.

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  • Matt Gibson
    That is offensive to every man woman and Trans person that has been raped
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    Wells Tao
    Matt Gibson one question, is Covid likely to be man made or naturally occurring?

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  • Kyle Webster
    Anti-vax drivvle
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    Wells Tao
    Kyle Webster one question, is Covid likely to be man made or naturally occurring?

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  • Tāne Feary
    This is bad taste.
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    Wells Tao
    Tāne Feary one question, is Covid likely to be man made or naturally occurring?

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  • Steve Wrigley
    According to this appallingly bad taste and half baked meme, people can get a religious or medical exemption from being sexually assaulted at work.
    Try to care before you share my dude.
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    Wells Tao
    Steve Wrigley don't think medical or religous excemptions are enough for jobs that require the jab my brother, but do correct me if I'm wrong.

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  • Wells Tao
    Steve Wrigley one question, is Covid likely to be man made or naturally occurring?

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  • Tina Rae
    This post is fucked. There is no way you can liken being vaccinated against a deadly virus with being raped. I cannot even begin to express how offensive this is to my very core
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    Wells Tao
    I'm sorry you feel that way. It's a difficult point not easily said but obviously I feel it's important to say. As someone who has been raped I take it seriously

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  • Wells Tao
    one question, in your opinion is Covid likely to be man made or naturally occurring?

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  • Ron Drummond
    Mother Nature has all the smarts and means she needs to concoct precisely this sort of disease to cull the human species -- and worse.

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  • Wells Tao
    Ron Drummond yeah that's one idea out there for sure.

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  • Benjamin Parsons
    Public health

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    Wells Tao
    Benjamin Parsons yes, what is that?

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  • Benjamin Parsons
    Something that requires cooperative effort

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  • Wells Tao
    Benjamin Parsons and how do you get cooperation between the self entitled privileged and the oppressed honest ignorant?

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  • Lindsay Fog
    there's always the possibility that our world leaders have been misled by the pharmaceutical industry spokespeople, people who up until now had a certain amount of credibility. otherwise how do we explain the apparent turn around in their policies?
    I'm referring to the fact we went to level 4 when we had 1 case and now we have opened the country to domestic travel during the outbreak with 100 new cases a day at times.
    I'm trying to be generous here as jacinda bashing isn't my thing
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    Wells Tao
    Lindsay Fog No bashing isn't my thing either, I appreciate that, but I think it's time I put my thinking cap on, and perhaps there's a mess of us wanting to do that, and take a good look at what's going down. See what we actually make of it

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  • Timothy McMullen
    Many others have covered the false equivalency with rape, so I'm going to frame the problem with the meme another way: Is it "coercion" if my employer says, "You can't show up to work drunk"?

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    Wells Tao
    Timothy McMullen sorry my man, that didn't make any sense to me

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  • Deth Bethlehem
    cause thems the rules where we are
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    Wells Tao
    Deth Bethlehem you heard boss man