> The point is that at 40% of GDP the govt is the biggest spender, also we > have huge increase in > bureaucracy which tightens the the labour market.
And doesn't this simply reflect WHO is spending the money? The government is not borrowing to fund spending. The alternative would be tax cuts. do you think the people getting the tax cuts are less inclined to spend than the people who getting the money via government spending? I agree that growth of central government size is a worry but in perspective, the increase is small. > For all the resource the government has at it > disposal no-one has categorically stated what is fueling the housing > market, tho I suspect it is > (in Auckland anyway) migration coupled with shortage of supply which > no-one politically wants to admit And in South it is wealthy amercans buying up land for variety of reasons. I agree migration is issue. I also find that its impossible to find suitable people inside NZ so of course we are bringing more immigrants in. But we could lose the speculators thank you. > As for KS, do i want to sign away 8%-12% of my income for the next 10+ > years into badly managed funds Is there a well managed fund? Some of the offering look pretty competitive. I am still making by mind but it seems that with combination of other investments and KS, this has to be worth looking at. If the funds dont do well, then time for holiday. however I am only 15 years out from retirement so pretty much got that sorted. ---------------------------------------------------------- Phil Scadden, GNS Science Ltd 764 Cumberland St, Private Bag 1930, Dunedin, New Zealand Ph +64 3 4799663, fax +64 3 477 5232 _______________________________________________ NZ Borland Developers Group Offtopic mailing list Post: Offtopic@delphi.org.nz Admin: http://delphi.org.nz/mailman/listinfo/offtopic Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe
