@ClintVSmith@nicholasphilp Fees free was designed to encourage invest in higher education outcomes to create a long-term smarter economy.
Once again short term thinking from governments
In 2023, Massachusetts added a new "Millionaire" surtax. Some people claimed it would spark "tax flight" and rich people would leave the state. We know how data on 2023 migration, and there's just no evidence of that at all. In fact, high-income outmigration rates dropped.
@nicholasphilp Wouldn't have made any difference - NZ would be equally unable to import crude oil from Middle East, as it currently unable to import refined fuel
Awesome bit of data that makes intuitive sense.
“Finland cut VAT on haircuts in 2007 to see if cheaper prices would boost demand and jobs. But when the tax fell by €4, many salons lowered prices by only €2 and kept the rest as profit. When VAT rose again, prices jumped by the full €4, turning a temporary tax cut into a permanent price hike. It’s tax incidence in action: firms with pricing power pass on cuts partly, and hikes fully.”
Source: https://t.co/5I8QnEInku
Emirates EK449 heading back to Auckland. It'll be a 15.5h flight to nowhere! Flight to Dubai is typically 16h which explains endurance, but why go back rather than divert?
It's home for a lot of pax & avoids immigration challenges that some will experience at diversion point.