Tuesday, November 3, 2009

New Zealand has dropped to number 50.

The first of the former Warsaw bloc Eastern European nations has overtaken New Zealand in the GDP PPP per capita stakes and Czech are not far behind. From being in the top five in the world fifty years ago we are now at number 50 according to the CIA factbook behind Slovenia which was part of Yugoslavia.

I wonder how much longer it will take for people to realise how far New Zealand has fallen behind. From the media I read there does not seem to be any sense of urgency or need to support the substantial change required to get New Zealand on a better track.

It is not the post to suggest the changes to the economy and peoples attitudes that are required. Savings, capital investment of the Cullen fund in New Zealand, availability of venture capital, funding of export development, tax restructuring to favour investment in New Zealand (100% year one depreciation anyone), additional technology infrastructure investment and education are policies the government can enact.
47Slovenia
$ 29,600
2008 est.
48Cyprus
$ 28,600
2008 est.
49Israel
$ 28,300
2008 est.
50New Zealand
$ 28,000
2008 est.
51Korea, South
$ 27,600
2008 est.
52Czech Republic
$ 25,900
2008 est.

8 comments:

libertyscott said...

Capital investment of the Cullen fund in New Zealand may make things worse, it is best to invest for optimal return, which includes foreign companies which can generate returns in foreign currencies for NZ. Other countries run sovereign funds that seek best returns, NZ shouldn't adopt some autarchic Green Party inspired DFC type approach.

Anonymous said...

Those is mostly 2008 numbers - bets on which way it has gone since given Clark, Cullen and the bureaucrats put us in recession first?

Anonymous said...

Sorry - typo.

Those are mostly 2008 numbers - bets on which way it has gone since given Clark, Cullen and the bureaucrats put us in recession first?

sagenz said...

liberty never mind the ideology its called backing yourself. New Zealand has little enough wealth as it is. that money should be reinvested in New Zealand. Its like an entrepreneur who chooses to under invest in his new underfunded business because he believes in diversified investment and puts half of it in a bank earning safe return. A guaranteed way to make the business underperform.

Anonymous said...

Slovenia -
flat tax rate of 15%, no corporate tax, no fucking welfare bludgers

see. it really is that simple.

Pedant said...

Slovenia was never part of the Warsaw Pact. Tito refused to sign Yugoslavia up.

But yes, they were formerly communist.

Anonymous said...

"Slovenia -
flat tax rate of 15%, no corporate tax, no fucking welfare bludgers

see. it really is that simple."

Wrong Sinner. You made that up didn't you? Slovenian income tax rates are progressive and top out at 41%. Corporate tax is 22%

http://www.worldwide-tax.com/slovenia/slovenia_tax.asp.

Idiot.

However, they have joined the commie pinko EU and get billions in assistance and access to a massive and wealthy market. Maybe we should try that.

Judge Holden

Anonymous said...

Yeah - right - and next you'll be saying that the so-called flat 15% tax countries have employers paying payroll taxes of 30-35% on gross salary

yeah right...


I mean if that were true, NZ could have zero income tax tomorrow by just making a payroll tax to be paid by employers with the same rules as our existing income tax...