http://www.pec.org.nz/2010/06/time-to-find-an-alternative-to-the-ocr-says-the-productive-economy-council/ The Productive Economy Council represents a growing community of people that wish to see New Zealand return to the upper end of the OECD in terms of GDP per capita. Mon, 28 Nov 2011 21:43:32 +0000 hourly 1 http://wordpress.org/?v=3.2 http://www.pec.org.nz/2010/06/time-to-find-an-alternative-to-the-ocr-says-the-productive-economy-council/comment-page-1/#comment-3692 John Pearce Fri, 06 Aug 2010 23:31:01 +0000 http://www.pec.org.nz/?p=323#comment-3692 Seems to me that the key to a decent society is about sustainable jobs available to everyone who can or should work. Because a job is the best safeguard against poverty. Allowing NZ's Dollar to respond to the whims of a massive FX market; and not taxing those transactions, appears plain stupid from a NZ perspective. If we are a "knowledge economy" then surely applying some knowledge to making our business conditions survivable is the first thing to get right. By and large the Banks will play within the rules, so if they are ripping of New Zealand, then the Government and public service need to get their act together and create effective rules. I wouldn't think its rocket science to tax financial transactions that damage the country; nor to change the rules to shift savings from rental houses to job-creating productive businesses. ( But maybe we need as serious house price crash first, because no politician has the balls, or the sense of public responsibility, to address the problem.) Seems to me that the key to a decent society is about sustainable jobs available to everyone who can or should work. Because a job is the best safeguard against poverty. Allowing NZ’s Dollar to respond to the whims of a massive FX market; and not taxing those transactions, appears plain stupid from a NZ perspective. If we are a “knowledge economy” then surely applying some knowledge to making our business conditions survivable is the first thing to get right. By and large the Banks will play within the rules, so if they are ripping of New Zealand, then the Government and public service need to get their act together and create effective rules. I wouldn’t think its rocket science to tax financial transactions that damage the country; nor to change the rules to shift savings from rental houses to job-creating productive businesses. ( But maybe we need as serious house price crash first, because no politician has the balls, or the sense of public responsibility, to address the problem.)

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