Gareth Morgan

Remarkable that an economist doesn’t believe in measuring progress

Economist Gareth Morgan’s political party has school testing in its sights, pledging to tackle New Zealand’s “obsession with ranking our children” by slashing the use of National Standards and the NCEA system.

Morgan’s The Opportunities Party has also pledged to introduce free, universal full-time early childhood education (ECE) in its newly released education policy.

While New Zealand had performed well in international education surveys, Morgan said the country had started to fall behind in recent years.

Oooooooooooh. Taking on the education unions.  Good luck with that.

So, “the country had started to fall behind in recent years”.  How do we know this?  By measuring progress.   Read more »

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The Clown party makes amateur mistake

False advertising? Gareth Morgan isn’t even standing in Mt Albert

Gareth Morgan is a bigger political retard than another wealthy man who has poured millions into losing.

His latest escapade is eye-rolling stupidity, not even Michelle Boag could screw it up this large.

Gareth Morgan’s Opportunities Party (TOP) is offering free shuttle bus rides to Mt Albert voters, but Newshub can reveal it’s landed them with an official complaint.

Geoff Simmons is standing for TOP in the upcoming Mt Albert by-election, and ACT leader David Seymour says the shuttle service is a blatant attempt to win votes.   Read more »

Morgan is a tool

Gareth Morgan’s political party wants a reset of democracy including significant changes to New Zealand’s parliament.

The latest policy from The Opportunities Party calls for a written constitution and the reintroduction of an Upper House, which was abolished in 1953.

Dr Morgan, a millionaire philanthropist who founded the party last year, believes the Upper House should be resurrected to correct the concentration of power.

“Bringing New Zealand back to a two house system – which is the most common model internationally – will discourage the government of the day from cutting off debate on its legislative programme through measures such as urgency, supplementary order papers and closure motion,” the policy says.

It proposes a mix of elected and appointed members for a term differentiated from the three-year political cycle. Read more »

Is Gareth Morgan deluded about Winston Peters?

Gareth Morgan makes the following crazy statement about Winston Peters.

“I’m the opposite of Winston Peters, who has made a life out of being in politics. I’ve seen him very much as one of those politicians who hunts with the hounds and runs with the hares. Not exactly a shyster, but it’s all about Winston. I’ve never seen him develop anything on principles. He’s developed them on ideology, which this whole Don Brash thing is.”

On the plus side, Peters is “a great raconteur, a bucket of laughs to listen to”. But he also seems to have everyone hoodwinked that he is a centrist when he is really “a regressive conservative” who should be on the far Right of the spectrum with Brash, Judith Collins and Act, Morgan thinks.

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Immigrants should have Kiwi values

He is speaking of Kiwi values.   What values?  Whose values?

I don’t think I share any with this North Korean-loving,  Hamas-hugging know-it-all.

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Winston v Morgan

Who would you pick?

Morgan, an economist, challenged Ratana followers to call out Winston Peters and his party who he claims do not support Māori, and has effectively labelled the party racist against Māori.

Morgan’s went further, calling Peters an “Uncle Tom” – possibly one of the strongest and most inflammatory insults that could ever be laid at a Māori person on a marae.

There was an audible gasp from the audience attending. Read more »

Oxfam is running Wrongly Wrongson’s line, apart from the riots

Oxfam has issued its traditional demand for a handout.  Their wealth report this year informs us that a mere eight people have more wealth than the bottom 50 per cent of the world’s population. This is entirely true of course. But Oxfam’s solution is that we should take it from the rich and give it to the poor. Which is entirely wrong.

Our essential economic problem is that there are not enough rich people. Nor is their extreme wealth a problem. Our problem is poverty, not inequality.

Oxfam’s redistribution argument has been tried before and found wanting. It was the subject of the world’s largest economic experiment: the 20th century. Anyone surveying the rubble of central Europe from the Brandenburg Gate in 1989 knows that the taking and giving solution does not work. What is needed is the wealth creation strategy that we’ve been using in the period of free-market globalisation ever since.

The result of which is this:

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Angry Andrew is joined by Grumpy Gareth

I’m someone who doesn’t suffer fools, but even I had to admire the constant stream of sarcasm, anger, derision and disrespect that flows from Gareth Morgan’s fingers.

Just about every Facebook comment he receives gets the treatment.

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Liam Hehir on Gareth Morgan

Liam Hehir writes at the Manawatu Standard:

Two seemingly unrelated things that happened in the last couple of weeks strike me as a good illustration of the problems with how we talk to each other in relation to public affairs.

The first involved Gareth Morgan. A little while ago, the economist-turned-politician proposed taxing all house owners on the equity in their home. Unsurprisingly, more than a few people objected to this idea.

One of those people was former ACT leader Jamie Whyte, who penned a critique of the plan. The nub of the criticism was that Morgan had been operating under a category error by classifying the benefit of home ownership as income rather than consumption. Whyte argued the logic of Morgan’s tax would have silly and impractical applications for the wider economy. And referring to an earlier televised debate between Morgan and Paul Henry on the subject, Whyte argued Henry had the better of the discussion.   Read more »

Guest Post – Some questions and criticisms of Morgan’s cult party

by Simon Gibbs

I saw the announcement about The Opportunities Party’s first policy idea – one which aims to make our tax system fairer. Good on Gareth for thinking outside the square, but I have some real concerns about how it is all meant to work. I also have some concerns about how he has redefined things to fit into his economic word view which differs completely from my own. Ideologies aside, though, here are some questions/concerns for him. Here is the link to the policy document for people to read for themselves – I will be referencing this so would pay to have a read.

In no particular order:

1) A house being lived in isn’t a productive asset it is a liability – the equity is only realised if borrowed against which will be with additional interest costs from a bank holding a mortgage, or if it is sold. This is like arguing that a person who owns a car and then charging them as if they were operating a taxi business when there is no equivalence. A homeowner is a homeowner, a landlord is a landlord. One is using a thing to produce an income, the other is not.

2) The housing market could experience a downturn – if this equity disappears on a grand scale – would that mean tax is paid back from the NZ government or will PAYE on the poorest rise back up? It’s stated that this policy would be tax neutral so can only assume that’s what this means.

3) One of the main reasons for people wanting to own a home is safety. We aren’t all investors and people want something to call their own and pass on to their kids, which brings me to 4.

4) The FAQ says over 65’s can just mortgage their homes to pay tax to the government upon their assumed death or going to a retirement home, that is asking the IRD to speculate and expose themselves to the property market as who’s to say that house prices will always rise. This is surely a death or inheritance tax on top.   Read more »