@dan_brunskill It could be fine. As long as the banks’ ability to price for risk is unfettered, then they can lend to fossil fuel companies at the risk adjusted rates that they judge appropriate. It’s not woke to price risk.
1/20 Kawakawa part politely as we enter Dome Valley. The plant's pitted green tongues seem to be trying to say something, but when I stop to listen I can only hear the wind's interminable, beautiful nonsense. I wonder whether I will be able to impress Robert with this badland.
1/12 If you ask a guide book it'll call Cape Reinga or Bluff the edge of NZ. But I think the real edge of te ao Pakeha is Island Block, a strip of Waikato pasture surrounded by the wilderness of Whangamarino swamp. Today the island is burning. It has burnt before.
A chain of three cafes closed down and the owner blamed cycleways. But none of the cafes were anywhere near one. How is that possible?
I investigated the mystery. What I found shocked me to my core.
https://t.co/kMGyxJrofu
@EricCrampton Enact a realisation based capital gains tax to capture economic income going untaxed (equity and efficiency) and recycle that revenue to index thresholds and in due course actual rate reductions of personal tax (broader base lower rate).
The Manawatu Gorge replacement, Te Ahu a Turanga, looks incredible. A great infrastructure investment connecting three regional economies. https://t.co/S9OJvGer8p
Interesting twist on aristocracy: The Manchus in 17th century China implemented a tax on social status. Automatic family status depreciation acted as an incentive for the younger generation to prove itself in the eyes of the emperor.
@dairymanNZ ROE is both a measure of profitability and a measure of how efficiently equity is deployed. I heard Coles CEO say at the same hearing that it’s ROE was 31%, which is a pretty good return. The nuanced question is whether the ROE is adequate for the risk taken.