International Cat Speculators Since 2006

Posts tagged ‘Student Loans’

Idiot/Savant – “those poor, poor, cheats”

Compare and contrast people:

First, tax cheats are bad people.

Tax cheats steal from us all. Every dollar they save in tax from these tricks is a dollar we have to pay, borrow, or cut – a dollar we don’t get to spend on schools, hospitals and state houses. The government should make these companies pay their fair share. And if the present government refuses to do so, because they are on the side of the tax cheats, we should elect one that will.

Here’s another:

And he’s right. That money you save by aiding and abetting a tradeperson’s tax fraud? That’s money that would normally go to schools, hospitals, and public services. You might as well be going down there and smashing some windows yourself.

So, I support this campaign: people should pay what they owe, and not commit tax fraud.

And more:

Goff’s statement that

No one knows exactly how much is lost by people dodging their tax – but it’s been estimated in the billions.

is carrying an awful lot of weight here.

Like Goff, I want to see those loopholes closed and that avoidance stopped. People should pay their fair share, and those who don’t are cheats and parasites


This is the cost of having great chunks of our economy owned by foreign tax cheats: not only do the profits go offshore, but they do so in ways which rob the government of revenue, and therefore us of public services.

Got the idea? Avoiding paying your taxes to a sovereign government, even if you what you have done to do so is completely legal makes you an evil person(tm).

Now this week National announced that they will be arresting people who had cheated the New Zealand government out of it’s revenue. We’re talking people who have moved overseas to maximize their incomes, but owe the government money, but have made no effort whatsoever to pay.

You’d think that this sort of crack down would be music to the ears of someone so worried about New Zealand’s tax base. I mean, these people aren’t structuring their affairs to keep the money off-shore, (which is perfectly legal) they actually have signed agreements with the New Zealand government to pay the money. Yet in spite of having signed contracts, the government has offered to negotiate  and that offer has been treated with contempt.

In other words, the morality of this situation is pretty one-sided.

So Idiot would be really happy to see the government announce it’s taking this “threat to government revenue” so seriously. Yea right:

And what National’s policy will do is make sure they can never come home ever again. They can’t come home for christmas, because they’ll be arrested. If a New Zealand family member gets sick, they’ll have to choose between their family and their freedom. They won’t be able to come home for funerals. All of that is inhumane, vindictive and punitive, but it gets worse: they won’t be able to do business here, because they’ll be arrested. And they won’t even be able to move back home, because if they come back for a job interview, the government will throw them in jail.

Here’s my take: you cheat your taxes, you go to jail. You cheat your student loan repayments, you go to jail. (You legally avoid changing your taxes, bad on you – but it’s up to the government to change the law.)

In short: cry me a freaking river. If you find yourself unable to return home because you’re wanted by the authorities, you should have not broken the law in the first place. If you owe on your student loan, you should talk to the IRD today (ok, not today… perhaps Monday).

Hey, maybe that might have been the point of the law? Gee…

But on the other hand, if people are calling you out for avoiding taxes, just find some way of converting it to a student loan. Because “gaming the system” is ok – because as long as you actually agreed to pay the money, it’s a-ok with the left to avoid payment.

Modern Resurrection! The Debt Monster Lives!

Wow. Wow. There has been an actual resurrection – in modern times. Not overseas either – right here in New Zealand!

Students at tertiary campuses throughout New Zealand have held protests to mark a milestone of student debt.

On Thursday morning debt calculators on student websites clicked over to $10 billion, according to official figures obtained by the national student union body.

Otago Polytechnic Students Association co-president Ryan Ward says they marked the occasion with a protest to drench the debt monster.

Yet I seem to recall this self same monster being slain by our PM 3 years ago – it was on the national news. NZUSA actually put out a press release suggesting that it was being heavily injured. I wonder how that National policy would have worked out?

26 July 2005 – Labour finally strikes a blow at the student debt
If implemented, Labour’s tertiary student support policy, including the introduction of no interest on loans while borrowers are in New Zealand, would be the most significant blow to the $7 billion debt monster since the student loan scheme was introduced in 1992.
24 July 2005 – National tertiary policy silent on student fees
NZUSA is fearful that the release of the National Party’s Tertiary Education Policy today could spell the return of the high student fee rises of the 90s.

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