• Auckland Water- being bungled

    From Rich80105@21:1/5 to All on Wed May 22 18:06:32 2024
    https://thekaka.substack.com/p/a-nod-and-a-wink-that-will-unnecessarily

    I have raised the issue of paying more to banks and suppliers of funds
    than is necessary - but Simeon Brown clearly does not understand
    finances - and all for playing short term politics, and heading
    Aucklanders to say 20 to 100 basis points higher than necessary - that
    reduces borrowing capacity, which slows work down.

    Three Waters avoided this problem by creating entities that would have
    been large enough to operate at adequate scale over the whole country,
    and with government guarantee would have had lower costs than the
    Council owned entity they have put together for Auckland. They
    rejected Three waters for racist reasons, but have tried to justify it
    by creating a more expensive structure, which won't even work well for Auckland, and may be impossible for the rest of the country. That
    racism was pushed by the "NZ Taxpayers Union", a far-right group that
    can now be seen to be heading towards costing Auckland water users and ratepayers (pretty much the same groups) far more in local taxes,
    without having much if any effect on the needs for income tax - I
    suspect not even that propaganda organisation realised how bad the
    government would bungle this one. In reality if (/when) it falls over
    the government will have to step in anyway under this government
    Aucklanders are headed towards the Thames water model - the previous Labour/Green/ Te Pati Maori wanted model more like Scottish Water . .
    look them both up to understand the difference. .

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Wed May 22 06:29:29 2024
    Rich80105 <Rich80105@hotmail.com> wrote: >https://thekaka.substack.com/p/a-nod-and-a-wink-that-will-unnecessarily

    I have raised the issue of paying more to banks and suppliers of funds
    than is necessary - but Simeon Brown clearly does not understand
    finances - and all for playing short term politics, and heading
    Aucklanders to say 20 to 100 basis points higher than necessary - that >reduces borrowing capacity, which slows work down.

    Three Waters avoided this problem by creating entities that would have
    been large enough to operate at adequate scale over the whole country,
    and with government guarantee would have had lower costs than the
    Council owned entity they have put together for Auckland. They
    rejected Three waters for racist reasons, but have tried to justify it
    by creating a more expensive structure, which won't even work well for >Auckland, and may be impossible for the rest of the country. That
    racism was pushed by the "NZ Taxpayers Union", a far-right group that
    can now be seen to be heading towards costing Auckland water users and >ratepayers (pretty much the same groups) far more in local taxes,
    without having much if any effect on the needs for income tax - I
    suspect not even that propaganda organisation realised how bad the
    government would bungle this one. In reality if (/when) it falls over
    the government will have to step in anyway under this government
    Aucklanders are headed towards the Thames water model - the previous >Labour/Green/ Te Pati Maori wanted model more like Scottish Water . .
    look them both up to understand the difference. .
    It matters not what you say about three waters. It was to your eternal shame your favourite attack on democracy. It cannot, be definition, ever be allowed to resurface its evil head. It is not and was not a solution to anything therefore.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to lizandtony@orcon.net.nz on Wed May 22 20:17:49 2024
    On Wed, 22 May 2024 06:29:29 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote: >>https://thekaka.substack.com/p/a-nod-and-a-wink-that-will-unnecessarily

    I have raised the issue of paying more to banks and suppliers of funds
    than is necessary - but Simeon Brown clearly does not understand
    finances - and all for playing short term politics, and heading
    Aucklanders to say 20 to 100 basis points higher than necessary - that >>reduces borrowing capacity, which slows work down.

    Three Waters avoided this problem by creating entities that would have
    been large enough to operate at adequate scale over the whole country,
    and with government guarantee would have had lower costs than the
    Council owned entity they have put together for Auckland. They
    rejected Three waters for racist reasons, but have tried to justify it
    by creating a more expensive structure, which won't even work well for >>Auckland, and may be impossible for the rest of the country. That
    racism was pushed by the "NZ Taxpayers Union", a far-right group that
    can now be seen to be heading towards costing Auckland water users and >>ratepayers (pretty much the same groups) far more in local taxes,
    without having much if any effect on the needs for income tax - I
    suspect not even that propaganda organisation realised how bad the >>government would bungle this one. In reality if (/when) it falls over
    the government will have to step in anyway under this government >>Aucklanders are headed towards the Thames water model - the previous >>Labour/Green/ Te Pati Maori wanted model more like Scottish Water . .
    look them both up to understand the difference. .
    It matters not what you say about three waters. It was to your eternal shame >your favourite attack on democracy. It cannot, be definition, ever be allowed >to resurface its evil head. It is not and was not a solution to anything >therefore.

    So you can't defend the appalling financial structure being set up by
    National - it is telling that the Finance Minister was totally missing
    from the discussions on this - she could not see that the Government
    cannot pretend it is not ultimately responsible, and that overall,
    what they propose will cost Aucklanders tens of millions more than
    necessary - to enrich the lenders.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Tony@21:1/5 to Rich80105@hotmail.com on Wed May 22 20:00:44 2024
    Rich80105 <Rich80105@hotmail.com> wrote:
    On Wed, 22 May 2024 06:29:29 -0000 (UTC), Tony
    <lizandtony@orcon.net.nz> wrote:

    Rich80105 <Rich80105@hotmail.com> wrote: >>>https://thekaka.substack.com/p/a-nod-and-a-wink-that-will-unnecessarily

    I have raised the issue of paying more to banks and suppliers of funds >>>than is necessary - but Simeon Brown clearly does not understand
    finances - and all for playing short term politics, and heading >>>Aucklanders to say 20 to 100 basis points higher than necessary - that >>>reduces borrowing capacity, which slows work down.

    Three Waters avoided this problem by creating entities that would have >>>been large enough to operate at adequate scale over the whole country, >>>and with government guarantee would have had lower costs than the
    Council owned entity they have put together for Auckland. They
    rejected Three waters for racist reasons, but have tried to justify it
    by creating a more expensive structure, which won't even work well for >>>Auckland, and may be impossible for the rest of the country. That
    racism was pushed by the "NZ Taxpayers Union", a far-right group that
    can now be seen to be heading towards costing Auckland water users and >>>ratepayers (pretty much the same groups) far more in local taxes,
    without having much if any effect on the needs for income tax - I
    suspect not even that propaganda organisation realised how bad the >>>government would bungle this one. In reality if (/when) it falls over
    the government will have to step in anyway under this government >>>Aucklanders are headed towards the Thames water model - the previous >>>Labour/Green/ Te Pati Maori wanted model more like Scottish Water . . >>>look them both up to understand the difference. .
    It matters not what you say about three waters. It was to your eternal shame >>your favourite attack on democracy. It cannot, be definition, ever be allowed >>to resurface its evil head. It is not and was not a solution to anything >>therefore.

    So you can't defend the appalling financial structure being set up by >National - it is telling that the Finance Minister was totally missing
    from the discussions on this - she could not see that the Government
    cannot pretend it is not ultimately responsible, and that overall,
    what they propose will cost Aucklanders tens of millions more than
    necessary - to enrich the lenders.
    So you distract and deliberately twist my words as usual.
    I did not defend or support it. I merely pointed out that your idiot post is irrelevant, alsmost but not quite as irrelevant as you.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)