Thursday, 13 June 2024

Morning roundup

A selection as I read through the morning papers.

  • Twenty-three MPs claim an accommodation allowance to stay in their own Wellington properties.  Well, consider the alternatives, which the story doesn't.
    • You could pay all MPs much higher salaries and tell them to sort their own accommodation, which would mean higher effective pay for Wellington-area MPs who wouldn't need to pay for a second residence.
    • You could means-test access to accommodation support which would basically scale MP pay by prior wealth. It would also tilt things to discourage candidacy of middle-to-higher wealth MPs from outside of Wellington.
    • You could raze Premier House and put up halls of residence for MPs and the Prime Minister (and maybe have a reality show based there).
    • Or you could provide non-Wellington MPs who have a Wellington property with a strong incentive to sell off any Wellington properties by not providing the payment to MPs who don't live in Wellington but who have a house here.
    What do you think sucks least? Because I'm not sure there are other options.

  • The Government is to run a Parliamentary inquiry into rural banking.
    The Federated Farmers’ campaign for an inquiry was led by farmer Richard McIntyre.
    “I have been inundated with phone calls and emails from farmers, and even some former bankers, wanting to tell their stories,” he said.
    “And there’s been some pretty harrowing stories.”
    The worst of those involved farmers losing farms that their families had owned for generations, he said.
    Parliament might consider whether difficulty in foreclosing on failing farms, because of this kind of response, provides a strong disincentive to lending on rural properties.

  • I love that Xero is now putting out productivity data. The data is depressing. But great that Xero's doing it!

  • My gawd people. We have a competitive electricity market. New supply can come in if demand increases - though we need to make consenting for it easier. Emissions from mining and from electricity are in the Emissions Trading Scheme. If you want fewer emissions, reduce the number of unbacked units the government will issue or allocated between now and 2050. But wanting to block a gold mine because it will use energy and might have CO2 emissions is nuts.

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