There is good reason for reforming the student loan system, but the proposal to wipe debt for those who work in the regions doesn’t hold water, argues Eric Crampton. It’s hard to think of any problem solved by Labour’s proposed student loan policy that wouldn’t have better solutions. And I don’t think it is because … Read more
Obama wants to get the trade deal through Congress during the lame duck session, but both Trump and Clinton are vocally opposed. It is too early, however, to declare the battle lost, argues TPP advocate Stephen Jacobi Trade has been described as “war by other means”. That inspired the US Defence Secretary, in peak hyperbole, … Read more
Yes, it is a crisis: a profound and persistent crisis, bedevilled by distractions. Economist Eric Crampton takes a deep breath and works his way through the factors. The word crisis gets thrown around a lot. New Zealand has managed to have several crises in alcohol use over the past decade, despite official statistics showing generally … Read more
The Unconditional Basic Income – a guaranteed sum of money for every citizen, no matter their other income – is an idea whose time has come, say Geoff Simmons and Gareth Morgan. So why aren’t we talking about how it would be funded? Try explaining the Unconditional (or Universal) Basic Income (UBI) and the most common … Read more
For all the bold talk of knowledge waves and a weightless tech future, we’re still reliant on farms and tourists. Time to try a new approach, argues Paul Brislen. Seventeen years ago I helped put together an issue of Computerworld devoted to the idea of building a “Knowledge Based Economy”. It was an exciting time. … Read more
The Spinoff asked a bunch of clever people to give us one sentence they’d like to see magically written into the finance minister’s Budget speech. These are the words they’d put in his mouth … “Inequality in New Zealand has increased dramatically in recent years, and we need to urgently address it, particularly in the … Read more
‘Business is Boring’ is a new weekly podcast series presented by The Spinoff in association with Callaghan Innovation. Host Simon Pound will speak with innovators and commentators focused on the future of New Zealand, with the interview available as both audio and text. This week: career specialist and eParachute co-founder Gary Bolles. Failure. Disruption. Start-up. Portfolio. … Read more
Opinion: An illicit market has emerged for on-selling plane tickets, but instead of suffocating the idea, the airlines should be running it themselves, writes Wellington student Jack Close. My time as a student away from home at the University of Otago can be summarised simply: $500 return flights. Motivated by the “beauty of the price … Read more
On the final day of the Tripartite Economic Summit, Tim Murphy discovers how a talk fest can get real-world results – and gets a lesson in American-style positive thinking. Read Tim’s recap of day one of the summit here. The United States Ambassador to New Zealand, His Excellency Mark Gilbert, has a three word family … Read more
It sounds like a bureaucratic bore, but Auckland’s Tripartite Economic Summit, with guests including a British YouTube superstar and an American political “rock star”, is the hottest ticket in town. Tim Murphy reports from day one. YouTuber Tom Cassell – who is globally famous as Syndicate Tom – has been walking and talking around Auckland, … Read more
What are foreign trusts and where do they come from? Is New Zealand really a tax haven? And how can we fix things? Tax expert Deborah Russell explains all No one ever set out to create a tax haven in New Zealand. Our tax system is largely robust, transparent and fair. There’s just this one … Read more
Opinion: Publishing the names of thousands of people who have dealt with Mossack Fonseca irrespective of wrongdoing is reckless, unfair, and worthy of Kafka’s The Trial, argues Ben Thomas. The internet loves lists. “The 28 Most Unfortunate Names In Sport”; “23 Friends Quotes That Never Stop Being Funny”, “17 Delicious Salads You Should Pack For … Read more
Land tax is a good idea. But the proposal to lump it on non-residents alone just invites go-betweens to take advantage. Time for a properly coherent tax policy, argues Gareth Morgan. John Key has floated the idea of an annual land tax on foreign buyers of residential real estate as one response to the influx … Read more
In principle, a Universal Basic Income, as floated by the NZ Labour Party, sounds great. It’s once you start looking harder at implementation that things quickly become, well, messy, writes Eric Crampton. If you like a UBI, economist Kevin Milligan tells us you can choose two of the following three options. But only two. 1. … Read more
A pantheon of New Zealand politics watchers were asked to cast their minds over 2015, select their champs and their flops, their ups and their downs, and the issue or story to look out for in 2016. Today, Part Four: The Big Issue for 2016. We asked our glittering academy to gaze into their crystal … Read more
Discussion around inequality tends to have been dominated by what people earn. Now the debate is turning to the question of wealth, writes Max Rashbrooke in the introduction to his new short book in the Bridget Williams Books BWB Texts series, Wealth and New Zealand. Imagine a river that, running faster or slower as the … Read more