Trading 'Greater Good' for 'Greater Economy' / Jeremy Couchman

Published: Dec. 27, 2020, 2 p.m.

This week, I’m serving up not some leftovers, but more some kept-asides. I had a really good chat recently with Jeremy Couchman, senior economist from KiwiBank in episode 128, but if you listen to the audio podcast only, you’ve only heard half the conversation – This week you get the rest. 

Inequality is likely going to increase, directly proportionate to greater levels of intervention. Those who vote, those who pay higher taxes, care far more about the value of their home than even they will ever admit – politicians know that when we feel wealthy, we’ll be act happier, earn more, then pay more tax, and spend more, then pay more tax again. When share markets and property markets have one of their best years ever, in one of the worst years ever, you have to come to the conclusion - The economy will always likely take priority over the people in times of crisis, as long as politicians are in charge. 

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