the same applies here,money talks. |
'Ms Willis said that reducing the amount of tobacco stores and slowly reducing their customer-base would have led to about $1billion lost in government revenue.
'Coming back to those extra sources of revenue and other savings areas that will help us to fund the tax reduction, we have to remember that the changes to the smoke-free legislation had a significant impact on the Government books,' she told Newshub Nation.
Mr Luxon said the legislation would have incentivised tobacco shows into the black market in an attempt to recoup lost sales.
'Concentrating the distribution of cigarettes in one store in one small town is going to be a massive magnet for crime,' he told Radio New Zealand.
He continued by saying his government will strive to lower the amount of smokers in the nation without turning citizens into criminals.' |
Thank you, although I would rather have a sound money system, than knowledge of the realities of our actual monetary system!
The masses still seem to 'buy' the narrative that we have a solid system though, so as long as that remains, we might be able to continue to trade successfully for a while yet. And try and buy real assets with some of those profits before the music stops.
I have no solution to CBDC's though, so perhaps we are playing with the cloud of an inevitable check mate over us, as much as the masses. Without the peace of mind that they enjoy :) Hey ho. GLA. |
 I love your comment 'before the game is up on the fiat currencies anyway'.Oh so true.We had the global financial crisis in 2007/8 and this year we saw SVB and First Republic Bank fail in the US.All these bank stress tests that are carried out to convince regulators,financial institutions and governments that their banking industry is robust and healthy is all PR and smoke and mirrors.The UK government's deposit guarantee scheme of £80k isn't any guarantee at all when a full blown banking crisis comes.....and it will.The extent of overall global debt is mind blowing yet the pretence of solvency and confidence in the system goes on.The vested interests are colluding to convince everyone that the relevant authorities all have it under control and naively think everyone believes them! They saw with SVB that a run on a bank doesn't involve people standing outside bank branches waiting to physically take their deposits out.With Internet banking deposits can be withdrawn at the 'click' of a mouse now.That is until the bank stops you doing even that.....then where are you as a depositor? |
I never understood how that stood up to legal scrutiny in the first place.
Whether you agree or not with state intervention on matters such as tobacco consumption, it was always extremely dubious from a point of law to essentially discriminate on grounds of age. That of one cohort of adults versus another. Entirely different to that of minors, which has strong and credible legal precedent.
Not to mention the economic illiteracy of such a policy, especially when the politicians are keen to spend as much of our money on various vanity projects as they possibly can. Before the game is up on the fiat currencies anyway. Great time to be in organised crime though, I suspect. The one 'industry' that will flourish in the next few years. |
1984 has been happening for centuries lippy. Just at different levels.
We are surveilled by Ring Doorbells, Smart T.V.'s, our Mobile 'Phones, our motor vehicles. It's what happens to the collected data that should be of concern. Is the data used for good or bad purposes? |
mcunliffe
1984 is happening today.. |
I used to read Viz and laughed at 'The Toilet Police', who raided people in their loos for 'incorrect' toilet practices, like reading on the toilet or wiping the wrong way.
Nowadays though I think that will actually come, as these people want your soul not just obedience. No detail is too small. As Winston Smith was told, it's not enough to just repeat '2+2=5', The Party won't be satisfied until you actually truly believe without reservation that 2+2=5.
There won't be a knock on the toilet door though - you'll be turned in to the authorities by your camera-equipped, AI toilet and punishment will be meted out by The Committee for Public Safety... |
Which one lippy, Animal Farm, 1984, The Road to Wigan Pier (for small boats) or Keep The Aspidistra Flying? |
soon you will not be allowed to fart in this country,the restrictions are just getting worse...
i noticed the restrictions on freedom of speech many years ago with labour leading bending over backwards to please the immigrants and now it just gets worse.
george orwell must have been able to see the future by writing that book.. |
Good read - thanks topaz.
I was on holiday in April this year, in part, in New Zealand. Now, I don't smoke anymore - gave up 28 years ago. I do like a drink though.
Move forward 30 years with this smoking 'ban' in place in the UK. and only 45 year olds and older are permitted to buy cigarettes. One presumes thay will not be challenged if younger people are seen smoking - or will they.
Imagine Southampton. A cruise liner pulls in and a young couple from the U.S. step off and light-up. They are likely to have people staring. Some in envy (if they are 'secret' smokers, aged 40), some with disgust. The young US couple, exercising their legal rights are likely to feel very, very uncomfortable.
As uncomfortable as a Brit. walking through the bazaar in any Middle Eastern town with an open can of Stella but without the risk of arrest.
That US couple would probably skip any future creuises that stop in the UK. In fact, Carival and Royal Caribbean International, the two main cruise operators, would probably stop visiting Britain completely.
Rishi will have achieved for wider, popular tourism, what the VAT exemption removal has achieved for the High-End tourist trade. Go Rishi. |
That Spectator link clickable. |
‘New Zealand’s smoking ban u-turn is bad news for Rishi Sunak’
www.spectator.co.uk/article/new-zealands-smoking-ban-u-turn-is-bad-news-for-rishi-sunak
New Zealand has dropped its ban on smoking based on age, there goes that stupid idea! |
Apparently there's a 0.13% short position on BATS.It will be interesting if there's still a short position filing nearer 6/12 |
Finished up the equivalent of £25.76 in the US....not that that always holds much significance re the sp |
Will this eventually get permission to break out upwards? |
Looking at the maturity profile of the debt - I think the buybacks may restart soon, poss 6Dec they might announce (or at least signal this?) |
Totally agree, dividends every quarter in a tax free isa can't beat, I think someone worked out if you want a income every month you only need three shares, GSK, Unilever, of course Bats with a 9% yield is useful. |
All the market seems to respond to these days is the level of buybacks that companies are doing in their results.UK business appears to be following the US model for companies of year over year buybacks...Sage being the latest.I suppose with suppressed share prices across the board it makes financial sense, but i prefer shareholder returns in the form of increased dividends to investors.Only my opinion as i rely on income from dividends. |
Yes if decent update will turbo boost us to 2650p in my opinion, just in time for the ex dividend 57.72p, 21st December. |
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