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Stephen D's avatar

There are things the govt could do to encourage businesses to invest in more than the 3bs. Incentives via tax or rates rebates to invest in plant and equipment. Offer business training for both the owner/manager. Provide incentives to upskill the workforce. Tax breaks to set up business in high unemployment regions.

None of this is rocket science, just neoliberal laziness.

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Kumara Republic's avatar

The current lot are all about the "dumb economy". They could make NZ a tax & regulatory haven like Bermuda or the Caymans, and its people would still leave for greener pastures. It's a hangover of the 1987 Syndrome - the (mostly) Boomers took a haircut on the sharemarket bubble, so they've put what they had left into the real estate bubble instead, which is where we are today. The axing of the proposed Science City in Wellington, along with other job cuts at Callaghan Innovation, hasn't helped either.

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