September 25, 2024 • 11 mins
FIRST WITH YESTERDAY'S NEWS (highlights from Wednesday on Newstalk ZB) Bored. So Bored/No Need to Get Violent/Protests Are so Dumb/Jesus Was a Time Traveller
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Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk said B.
Follow this and our wide range of podcasts now on iHeartRadio,
Used Talk SEDB, You Talk Sed.
Speaker 2 (00:22):
Hello, my beautiful beanies, and welcome to you the bean
fourth Thursday. First with yesterday's news. I am Leonhart and
we are looking back at Wednesday. Hey. Thanks, are getting
a little bit testy on the old public transport chains, buses,
even taxis that's happening here and protests. We've got protests
going on. Don't like protests here at news Talks THEB Well,
(00:45):
Ryan Bridges certainly doesn't heally have a word, and Marcus
is going to read his best email ever. I think
so that's exciting. I think it's something to do with
the time travel talk from last night, and before any
of that, let's talk tax again. Hooray. Yeah, we're back
on the capital gains tax train.
Speaker 3 (01:04):
Is it going to stop us investing in the housing market. No,
it's not, because the housing market, I would venture, will
never run as hot again as it did even pre COVID.
Never mind the weirdness that happened in COVID, all of
those gains that we made pre COVID, that's never gonna
happen again because the Reserve Bank is going to make
sure it never happens again, because the Reserve Bank now
has the tools to stop that from happening again. Chuck
(01:24):
a debt to income ratio and on what you can
borrow stops. Is it going to fix inequality. No, it's
not going to fix inequality. If inequality is driven by
the fact that you've got the money to put money
into housing and therefore you get richer, as I say,
not going to happen again to the extent that it has,
so you're not going to get that level of inequality.
And also, it's not going to bring huge amounts of
tax into the government coffers for them to be able
(01:45):
to redistribute to poor people. Even just Sinder's Tax Working
Group estimated it it would only bring in about four
hundred million bucks. That's zero point four percent of tax revenue.
Zero point four percent of tax revenue. It's not even
one percent. It's nothing. It's gonna bring nothing in. And
(02:06):
even if it got that, I would be surprised. It's
incredibly hard tax to comply with and to collect. Honestly,
good luck to the political party that wants to trot
this boring, old idea out at the next election, or
any election, who is this going to get excited? Which
vote is going to be like, do you know what? Yeah,
that's what I need? Capital gains tax? Haven't heard about
that for the last ten years. I think it tells
(02:28):
you a lot that even the Labor Party has started
talking about other ways to tax people, right. They're talking
about a wealth tax, They're even talking about whatever the
hella capital income taxes, because this is more exciting to
them now than a capital gains tax, even they are
bored by a CGT. Now, obviously you have to acknowledge
the fact that this may not be the last time
(02:48):
that we talk about a CGD because Labor has to
decide exactly what they're going to do tax wise, and
they may go through the motions of talking about this
thing again. But after that, I truly hope that that
is that we can put this thing to bed once
and for all. I truly hope that this is our
last go around of talking about this boring and frankly
bad idea.
Speaker 2 (03:05):
I'm so onside with Heather there. I don't know if
it's a bad idea that now it's boring news talks
it been I do. Apparently some of you were exercised
by it, and you bring up and you want to
talk about it.
Speaker 4 (03:19):
Go figure, if I saved money, I'll put it away,
you know, and I was earning reasonable money. So I'll
be paying thirty three cents to the dollar on my tax,
on my interest on the bank. You know that interest
maybe one or two percent lower than what the loan
rate is. But by the time you take a third
of that off, you're just losing money to hand over
first against inlation, I just can't keep up. Well, actually,
(03:41):
that is the only thing you can do it.
Speaker 5 (03:42):
Well, that's that is an interesting one about what do
you do with inflation? Because if your property, if you're
your asset, let's just talk broadly speaking, if your asset
is simply growing in value as at the rate of inflation,
my argument would be you shouldn't pay tax on that
because we shouldn't tax inflation. And in fact, that's the
argument that the government use correctly to shift the brackets,
(04:05):
wasn't it. Yeah, so what about if inflation was taken
into account.
Speaker 4 (04:09):
Yeah, I've worked in the middle income bracket, middle up
and bout all the way through, and I say that
I haven't spent on boats or cars or fency caravents
or holiday batches things like that. And you know, I
had to put some money aside, and there's enough to
give a deposit to buy a rentals. So from my
point of view, capital gains takes should not include the
house you've got and for like a single you know,
(04:29):
like a one and one property, invest a lot myself,
like a batch or another house, that should be excluded
as well.
Speaker 2 (04:35):
So after listening to Edward's Callbert, do you I'm talking
about tax more interesting? No know me either where I
guess some people are just into it and some people aren't.
Speaker 1 (04:51):
They you've talk.
Speaker 2 (04:53):
What should do is what I did in marry somebody
who's a little bit more interested in it, and then
they can be interested in it and you can be
interested in other things. Okay, now, protests, what have we
got now? Yes, it is the big banner. Yeah, that'll
stop them.
Speaker 6 (05:13):
Nothing wrong with protesting. But there were eight first responders
on the scene, at least three police cars, a fire truck.
They even had to use their cherry picket to get
these guys off the roof. The cars were at a standstill.
Instead of solving crime, a poor cot was marshaling traffic
to allow the fire truck to position itself in place.
What a waste of time. Just hang your banner and
(05:36):
piss off. Please don't waste any more of our time.
So like those crazy ones that used to block the
motorways and welling to remember that, Thank goodness, they seem
to have given up and gone away. Good riddance. They
made people, the motorway ones, they made people late for
their cancer appointments. I do hope they're ashamed of themselves
for that. This slot, though, on the terrace, they can
(05:56):
just jog on the courts. If there are courts. Initial
reaction to the motorway ones was anything to go by,
you can expect another, you know, slap on the wrist
with a wet bus ticket for this lot. I say
send them the bill for the police, the use of
the police cars, the communications center, the fire truck fee,
the cherry picker fee, the firefighters charge out rate, double
(06:19):
it and make them pay it. And if the individuals
won't pay for that, then send the bill of green peace.
Speaker 2 (06:26):
I think protests are as supposed to cause a certain
amount of discrapping, aren't they? Otherwise they're not very effective
and end up talking about them. Be sure, that's how
hell they work. I can't even remember what they were
protesting and now though obviously imagine in fact, To be honest,
the first time I heard about it was Ryan talking
(06:47):
about it. Yes, things, but you know, you know me,
I don't really follow the news. A punching on. When
you hop on a bus or a train, we'll get
into a taxi. That's that's not cool.
Speaker 7 (07:03):
There's so much money being spent on them. They've caused
so much pain and so much fear. It's not when
when one schoolboys has racially attacked, he's attacked purely in
something because of his race, because of how he looks.
That's going to have a ripple effect throughout the entire community.
(07:27):
So how how has that come to this? I mean,
would you would you step in? I mean, I know
it's not on every bus route. I know that there
are people who are perfectly able to get from point
A to point B and have a very pleasant ride.
It's not on every train route, but it's a big
(07:47):
enough problem that it's increasingly difficult to get people wanting
to be drivers. There's not only long hours and the
poor pay, but being spat at and abused and threatened
by low lives. Why would you, Well, you wouldn't, and
that's why it's so difficult to get the drivers. How
(08:09):
have we let it get to this? This isn't a
you know, this isn't a brand new phenomenon. As I say,
you know, drunks and people who behave badly have always
been amongst us. But how have they been allowed to
become such a problem.
Speaker 2 (08:29):
It is a worry. If there's somebody in your family
who uses public transport regularly, you'll definitely will have heard
stories from that person about how they they've suddenly found
themselves alone at a bus stop or a train station,
or on a train or a bus or something with
(08:52):
some weirdo and things start getting scary pretty quickly. What
do we do overhaul society completely? Maybe it's just a suggestion.
I didn't. It's not really a good suggestion.
Speaker 1 (09:11):
News talk.
Speaker 2 (09:13):
Maybe Deedri has some ideas. She certainly got some ideas
about Marcus's time travel topic from the other night.
Speaker 8 (09:20):
I've got an email on the basis of time traveling
from last night show.
Speaker 2 (09:25):
From Dedre.
Speaker 8 (09:29):
She sent an email from outside the organizations. I had
to actually access it was in the deleted items file,
which is a worry. The email states there is a
theory that Jesus was a time traveler. The use of
advanced technology would explain the reported miracles of healing, turning
water into wine, walking on water bracket, perhaps with a hoverboard.
Speaker 2 (09:54):
It's probably one of the greatest lines of email.
Speaker 6 (09:56):
I've ever seen.
Speaker 8 (09:59):
Time periods where he was missing and disappearance from the tomb.
I think even if we now traveled back in time,
you'd still struggle with turning water into wine, wouldn't you.
But the hoverboard and the parting of the sea, that
could be done with something I wasn't having that part
of the sea, was it.
Speaker 6 (10:17):
But that's very good perhaps for the hoverboard.
Speaker 8 (10:22):
One of the great texts or emails that enjoyed time
traving a great deal went.
Speaker 2 (10:27):
Into some controversial areas. There didn't he in quite a
short time. I don't think you want to be offering
up scientific explanations for any miracles Jesus may have been
reported to have performed that can cause issues, and also
mixing up Jesus with Moses as well with the whole
(10:47):
parting of the seas thing, I don't think from memory.
They were supposed to be contemporaries. But then again, some
people think we've only been around for six thousand years
and the dinosaurs, so what can you do? A very
(11:12):
controversial end to news talks it'd been. I apologize if
anybody found those remarks offensive. I haven't had much sleep.
I went to Matilda last night. There's a production of
Matilda going on and Auckland at the moment open last
night very good, but it didn't mean that. I only
I've got about three and a half hours sleep, Perhaps
(11:36):
not not enough, given that it sounds like I can't
complete cohering sentences now, so a good time to stop
and I'll start doing more sentences tomorrow. Seizing news Talkers.
Speaker 1 (11:48):
Talking zaid been for more from news talk said, be
listen live on air or online, and keep our shows
with you wherever you go with our podcast on iHeartRadio
You're listening to a podcast from News Talk said B.
Follow this and our wide range of podcasts now on iHeartRadio,
Used Talk SEDB, You Talk Sed.
Speaker 2 (00:22):
Hello, my beautiful beanies, and welcome to you the bean
fourth Thursday. First with yesterday's news. I am Leonhart and
we are looking back at Wednesday. Hey. Thanks, are getting
a little bit testy on the old public transport chains, buses,
even taxis that's happening here and protests. We've got protests
going on. Don't like protests here at news Talks THEB Well,
(00:45):
Ryan Bridges certainly doesn't heally have a word, and Marcus
is going to read his best email ever. I think
so that's exciting. I think it's something to do with
the time travel talk from last night, and before any
of that, let's talk tax again. Hooray. Yeah, we're back
on the capital gains tax train.
Speaker 3 (01:04):
Is it going to stop us investing in the housing market. No,
it's not, because the housing market, I would venture, will
never run as hot again as it did even pre COVID.
Never mind the weirdness that happened in COVID, all of
those gains that we made pre COVID, that's never gonna
happen again because the Reserve Bank is going to make
sure it never happens again, because the Reserve Bank now
has the tools to stop that from happening again. Chuck
(01:24):
a debt to income ratio and on what you can
borrow stops. Is it going to fix inequality. No, it's
not going to fix inequality. If inequality is driven by
the fact that you've got the money to put money
into housing and therefore you get richer, as I say,
not going to happen again to the extent that it has,
so you're not going to get that level of inequality.
And also, it's not going to bring huge amounts of
tax into the government coffers for them to be able
(01:45):
to redistribute to poor people. Even just Sinder's Tax Working
Group estimated it it would only bring in about four
hundred million bucks. That's zero point four percent of tax revenue.
Zero point four percent of tax revenue. It's not even
one percent. It's nothing. It's gonna bring nothing in. And
(02:06):
even if it got that, I would be surprised. It's
incredibly hard tax to comply with and to collect. Honestly,
good luck to the political party that wants to trot
this boring, old idea out at the next election, or
any election, who is this going to get excited? Which
vote is going to be like, do you know what? Yeah,
that's what I need? Capital gains tax? Haven't heard about
that for the last ten years. I think it tells
(02:28):
you a lot that even the Labor Party has started
talking about other ways to tax people, right. They're talking
about a wealth tax, They're even talking about whatever the
hella capital income taxes, because this is more exciting to
them now than a capital gains tax, even they are
bored by a CGT. Now, obviously you have to acknowledge
the fact that this may not be the last time
(02:48):
that we talk about a CGD because Labor has to
decide exactly what they're going to do tax wise, and
they may go through the motions of talking about this
thing again. But after that, I truly hope that that
is that we can put this thing to bed once
and for all. I truly hope that this is our
last go around of talking about this boring and frankly
bad idea.
Speaker 2 (03:05):
I'm so onside with Heather there. I don't know if
it's a bad idea that now it's boring news talks
it been I do. Apparently some of you were exercised
by it, and you bring up and you want to
talk about it.
Speaker 4 (03:19):
Go figure, if I saved money, I'll put it away,
you know, and I was earning reasonable money. So I'll
be paying thirty three cents to the dollar on my tax,
on my interest on the bank. You know that interest
maybe one or two percent lower than what the loan
rate is. But by the time you take a third
of that off, you're just losing money to hand over
first against inlation, I just can't keep up. Well, actually,
(03:41):
that is the only thing you can do it.
Speaker 5 (03:42):
Well, that's that is an interesting one about what do
you do with inflation? Because if your property, if you're
your asset, let's just talk broadly speaking, if your asset
is simply growing in value as at the rate of inflation,
my argument would be you shouldn't pay tax on that
because we shouldn't tax inflation. And in fact, that's the
argument that the government use correctly to shift the brackets,
(04:05):
wasn't it. Yeah, so what about if inflation was taken
into account.
Speaker 4 (04:09):
Yeah, I've worked in the middle income bracket, middle up
and bout all the way through, and I say that
I haven't spent on boats or cars or fency caravents
or holiday batches things like that. And you know, I
had to put some money aside, and there's enough to
give a deposit to buy a rentals. So from my
point of view, capital gains takes should not include the
house you've got and for like a single you know,
(04:29):
like a one and one property, invest a lot myself,
like a batch or another house, that should be excluded
as well.
Speaker 2 (04:35):
So after listening to Edward's Callbert, do you I'm talking
about tax more interesting? No know me either where I
guess some people are just into it and some people aren't.
Speaker 1 (04:51):
They you've talk.
Speaker 2 (04:53):
What should do is what I did in marry somebody
who's a little bit more interested in it, and then
they can be interested in it and you can be
interested in other things. Okay, now, protests, what have we
got now? Yes, it is the big banner. Yeah, that'll
stop them.
Speaker 6 (05:13):
Nothing wrong with protesting. But there were eight first responders
on the scene, at least three police cars, a fire truck.
They even had to use their cherry picket to get
these guys off the roof. The cars were at a standstill.
Instead of solving crime, a poor cot was marshaling traffic
to allow the fire truck to position itself in place.
What a waste of time. Just hang your banner and
(05:36):
piss off. Please don't waste any more of our time.
So like those crazy ones that used to block the
motorways and welling to remember that, Thank goodness, they seem
to have given up and gone away. Good riddance. They
made people, the motorway ones, they made people late for
their cancer appointments. I do hope they're ashamed of themselves
for that. This slot, though, on the terrace, they can
(05:56):
just jog on the courts. If there are courts. Initial
reaction to the motorway ones was anything to go by,
you can expect another, you know, slap on the wrist
with a wet bus ticket for this lot. I say
send them the bill for the police, the use of
the police cars, the communications center, the fire truck fee,
the cherry picker fee, the firefighters charge out rate, double
(06:19):
it and make them pay it. And if the individuals
won't pay for that, then send the bill of green peace.
Speaker 2 (06:26):
I think protests are as supposed to cause a certain
amount of discrapping, aren't they? Otherwise they're not very effective
and end up talking about them. Be sure, that's how
hell they work. I can't even remember what they were
protesting and now though obviously imagine in fact, To be honest,
the first time I heard about it was Ryan talking
(06:47):
about it. Yes, things, but you know, you know me,
I don't really follow the news. A punching on. When
you hop on a bus or a train, we'll get
into a taxi. That's that's not cool.
Speaker 7 (07:03):
There's so much money being spent on them. They've caused
so much pain and so much fear. It's not when
when one schoolboys has racially attacked, he's attacked purely in
something because of his race, because of how he looks.
That's going to have a ripple effect throughout the entire community.
(07:27):
So how how has that come to this? I mean,
would you would you step in? I mean, I know
it's not on every bus route. I know that there
are people who are perfectly able to get from point
A to point B and have a very pleasant ride.
It's not on every train route, but it's a big
(07:47):
enough problem that it's increasingly difficult to get people wanting
to be drivers. There's not only long hours and the
poor pay, but being spat at and abused and threatened
by low lives. Why would you, Well, you wouldn't, and
that's why it's so difficult to get the drivers. How
(08:09):
have we let it get to this? This isn't a
you know, this isn't a brand new phenomenon. As I say,
you know, drunks and people who behave badly have always
been amongst us. But how have they been allowed to
become such a problem.
Speaker 2 (08:29):
It is a worry. If there's somebody in your family
who uses public transport regularly, you'll definitely will have heard
stories from that person about how they they've suddenly found
themselves alone at a bus stop or a train station,
or on a train or a bus or something with
(08:52):
some weirdo and things start getting scary pretty quickly. What
do we do overhaul society completely? Maybe it's just a suggestion.
I didn't. It's not really a good suggestion.
Speaker 1 (09:11):
News talk.
Speaker 2 (09:13):
Maybe Deedri has some ideas. She certainly got some ideas
about Marcus's time travel topic from the other night.
Speaker 8 (09:20):
I've got an email on the basis of time traveling
from last night show.
Speaker 2 (09:25):
From Dedre.
Speaker 8 (09:29):
She sent an email from outside the organizations. I had
to actually access it was in the deleted items file,
which is a worry. The email states there is a
theory that Jesus was a time traveler. The use of
advanced technology would explain the reported miracles of healing, turning
water into wine, walking on water bracket, perhaps with a hoverboard.
Speaker 2 (09:54):
It's probably one of the greatest lines of email.
Speaker 6 (09:56):
I've ever seen.
Speaker 8 (09:59):
Time periods where he was missing and disappearance from the tomb.
I think even if we now traveled back in time,
you'd still struggle with turning water into wine, wouldn't you.
But the hoverboard and the parting of the sea, that
could be done with something I wasn't having that part
of the sea, was it.
Speaker 6 (10:17):
But that's very good perhaps for the hoverboard.
Speaker 8 (10:22):
One of the great texts or emails that enjoyed time
traving a great deal went.
Speaker 2 (10:27):
Into some controversial areas. There didn't he in quite a
short time. I don't think you want to be offering
up scientific explanations for any miracles Jesus may have been
reported to have performed that can cause issues, and also
mixing up Jesus with Moses as well with the whole
(10:47):
parting of the seas thing, I don't think from memory.
They were supposed to be contemporaries. But then again, some
people think we've only been around for six thousand years
and the dinosaurs, so what can you do? A very
(11:12):
controversial end to news talks it'd been. I apologize if
anybody found those remarks offensive. I haven't had much sleep.
I went to Matilda last night. There's a production of
Matilda going on and Auckland at the moment open last
night very good, but it didn't mean that. I only
I've got about three and a half hours sleep, Perhaps
(11:36):
not not enough, given that it sounds like I can't
complete cohering sentences now, so a good time to stop
and I'll start doing more sentences tomorrow. Seizing news Talkers.
Speaker 1 (11:48):
Talking zaid been for more from news talk said, be
listen live on air or online, and keep our shows
with you wherever you go with our podcast on iHeartRadio
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