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nz has no meaningful economy. they have a real estate market and agriculture which has maxed out its productivity, because they have completely run out of land.
by DaedalusII 7mo ago
nz has no meaningful economy. they have a real estate market and agriculture which has maxed out its productivity, because they have completely run out of land. they have cheap, generally low quality colleges, and attract middle class/rich asians to live there for a few years and get a strong passport.
they also have a big problem with alcoholism and domestic violence, and an absurdly complicated tax system. 15% first nations and 15% asian immigrants, the 70% euro population is skewed elderly and contributes most of the tax receipts, and that includes a lot of brit retirees
the problem is they run the country like canada/norway/australia/alaska, except those places all have enormous resource exports that pay for the welfare state. nz just has milk farms
the median salary is less than USD $50k, and these people can get the EB3 greencard or just move to EU/ Australia
- Marsymars 7mo agoNot sure how well that particular comparison to Canada holds; median salary in Canada is less than 40k USD.
- deleted 7mo ago[deleted]
- sam_bristow 7mo agoI'll give you most of those criticisms, but I'm a little surprised you think our tax system is overly complicated. For the vast majority of people it's pretty much just a progressive PAYE income tax handled by your employer and a flat 15% GST/VAT on purchases without all the carve outs that seem common elsewhere. Genuinely curious what I'm missing.
- DaedalusII 7mo agothe capital gains tax system in nz is complicated and inconsistent compared to most countries, bright line tests the way that nz taxes foreign sourced income is also very complex with 'deeming rules' etc it results that rich people probably pay 10% total tax and normal people pay 20%+ income tax, and then normal people cant afford real estate and move to australia.
- FpUser 7mo agoI just read about EB3 greencard. The processing times are enormous. Employers are simply not going to wait that long bar some exceptional cases
- DaedalusII 7mo agoi made a mistake. i meant e3 visa https://www.uscis.gov/working-in-the-united-states/temporary-workers/e-3-specialty-occupation-workers-from-australia https://www.uscis.gov/working-in-the-united-states/temporary... a nz cit can live in au for 4 years then become au citizen then move to the US if they go to college in au then most likely on graduation they can move directly to the us
- TMWNN 7mo ago>a nz cit can live in au for 4 years then become au citizen then move to the US Canada is also used as a stopover in this way for those bound for the US.
- jemmyw 7mo ago> absurdly complicated tax system ... have you never been to another country? I've lived in the UK, USA and Denmark, and NZ has, by far, the simplest and easiest tax system. Especially for running a business. The UK and USA are especially complex with so many rules and carve outs. My first job in the UK involved reading through mountains of tax laws to write a payroll system.
- jemmyw 7mo agoFurther info, it's ranked as one of the easiest places to do business, in part due to the simple tax system: https://www.worldbank.org/en/news/press-release/2016/10/25/new-zealand-tops-doing-business-ranking-as-oecd-economies-remain-most-business-friendly https://www.worldbank.org/en/news/press-release/2016/10/25/n... Not that that's necessarily the best thing in the world, I believe there was some trouble a few years ago because being easy and cheap to register a business led to a lot of dodgy shell companies.
- mvdtnz 7mo agoThere's so much misinformation in this post I'm not even going to refute it. Basically everything you said is a lie or a distortion.