When every fibre screams revenge, turn to aroha
I keep coming back to one tweet. Amid a steady stream of rage driven by pain and sorrow, a note of grace. Read more
Eric Crampton is Chief Economist with the New Zealand Initiative.
He applies an economist’s lens to a broad range of policy areas, from devolution and housing policy to student loans and environmental policy. He served on Minister Twyford’s Urban Land Markets Research Group and on Minister Bishop’s Housing Economic Advisory Group.
Most recently, he has been looking at devolution to First Nations in Canada.
He is a regular columnist with Stuff and with Newsroom; his economic and policy commentary appears across most media outlets. He can also be found on Twitter at @ericcrampton.
Phone: +64 4 499 0790
I keep coming back to one tweet. Amid a steady stream of rage driven by pain and sorrow, a note of grace. Read more
Wellington is a small place. Everybody complains they’re always running into people they know, that it’s hard for young people to date people who haven’t been dated by their friends already, and that it’s impossible to have an impromptu coffee at Astoria without being recognised by some journalist. Read more
There’s an old joke about the neighbourhood dog that loved to chase cars down the road – what would it ever do if it caught one? The Government has been a bit like that with tobacco harm reduction. Read more
Partisanship is a powerful and deadly drug. Canada is the latest in a too-lengthy list of places badly in need of rehab. Read more
Reselling concert tickets is now a challenging problem due to scammers. Some people are struggling to sell tickets to Wellington's Eminem concert at the Westpac Stadium. Read more
Last week, Thomas Coughlin reported that “the wellbeing framework that puts the ‘value of a statistical life’ at $4.7 million is coming under fire.” There is a lot to criticise about the wellbeing framework, and I am hardly one of its cheerleaders. But it is absurd to criticise it for trying to apply proper cost-benefit assessment – and even more absurd to criticise it for putting a value on statistical lives. Read more
Some folks take the wrong lesson from intermediate microeconomics – or never took the course in the first place. I worry that too many of them staff Wellington’s bureaus. Read more
Only the officials at Inland Revenue know why they commissioned a poll on Kiwis’ attitudes to tax that included questions about the respondents’ general political orientation. Releasing the polling data should be part of fixing any perceived problems. Hamish Rutherford’s reporting at the Dominion Post raises questions about the Department’s political impartiality. Read more
New Zealand gets a lot of things right that the rest of the world gets wrong. Where other countries screw up their goods and services taxes by exempting politically sensitive goods, New Zealand’s GST raises a lot of money at a relatively low tax rate by maintaining a broad base without exemptions. Read more
Anybody even remotely connected with housing, housing research, the building industry – or with the ability to fog a mirror by breathing on it – had to know it was near-impossible for the government to meet its KiwiBuild promises on its 10-year schedule. Our current planning rules, infrastructure financing mechanisms, building materials supply regulations, council incentives, zoning, training of construction workers, rules around letting more construction workers into the country, rules around foreign builders being able to build here, rules around foreign financing of building projects, Resource Management Act processes – all of it made any non-trivial KiwiBuild impossible. Read more
Rather than rising since the 1980s, income inequality in New Zealand rose in the late 1980s and early 1990s, then flattened out. Some of that increase was real, but some of it was complicated – as explained late last year. Read more
New Zealand's tax brackets don't accurately reflect what counts as "high earning" in this country, critics say. Since 2008, the highest personal income tax rate has kicked in on earnings over $70,000 a year. Read more
Everything has its season. The slow January news period brings Oxfam’s annual condemnation of wealth inequality and calls for redistribution. Read more
Every January, Oxfam releases a report on global wealth inequality. This year's Oxfam report contrasted the drop in wealth held by the less wealthy half of New Zealand with the rise in wealth enjoyed by the two Kiwis who made it on to Forbes' 2018 list of billionaires. Read more
New Zealand workers on the minimum wage are set for a significant pay rise. The Government has announced it will increase the minimum wage to $17.70 an hour on April 1, with further increases to take it to $20 by 2021. Read more