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Well sure, but changing the economic system won't modify the fact that it's an island of 4 million people that's so far out on the periphery that it isn't even
by kristopolous 10y ago
Well sure, but changing the economic system won't modify the fact that it's an island of 4 million people that's so far out on the periphery that it isn't even included on some world maps (https://www.reddit.com/r/MapsWithoutNZ/ https://www.reddit.com/r/MapsWithoutNZ/). The same economic realities can be said about Hawaii.
- lacampbell 10y agoIt's two major islands, closer to 5 million people, and we have a sales tax ("goods and services" or GST) of 15% that applies to everything, even groceries or imported electronics. This of course largely hits the working class. The rich don't rely on getting income from generating real value here - income tax is far too high. The key to becoming wealthy is to invest in property and rent it out at exorbitant prices to working class people.
- kristopolous 10y agoSorry, didn't know it was two islands ... shows my ignorance. I really don't know of New Zealands' economic structure. The argument I was trying to put forth is that there's a broader context that has exogenous influence upon any society and by extension, its economy. I could have a broader discussion on taxation if you want, but I find it's important to establish, and agree, upon a number of facts before those can start being productive. It's a long haul conversation.