Early Edition with Ryan Bridge

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

  1. 21 MIN AGO

    Ryan Bridge: Would you pay $9 to cross the Auckland Harbour Bridge?

    The answer depends on whether you can afford it. Congestion charging is coming and that'll add to the cost if you need to drive for work.  This is only a proposal-based on the original toll, inflation-adjusted, almost 70 years ago.  The suggestion, nothing's hard and fast, comes from an Infrastructure Commission report.  We know there'll be a toll to cross the new bridge, or tunnel, whichever gets built.  The government already told us that.  What we know now is that the both the old and the new crossing will be tolled.  So, there's no avoiding it. If you can avoid it, they don't collect the revenue they need to pay for the new one.  Why $9? They reckon it's the sweet spot that will get enough people using it to make enough to pay for the new build, without scaring everybody off and, again, leaving it short on revenue.  So basically, driving a car over the bridge becomes a luxury item. You'll either need to be a bit rich or as happens overseas, your employer will pay for your car or Ute or truck to cross.  And what about everybody else? Well, when the build the new bridge, it'll have bus lanes and other public transport options that'll be cheaper.  Most people, they reckon, will opt for public transport.  Which is fine, so long as public transport suddenly becomes reliable and more linked-up and bus drivers aren't getting stabbed and bashed all the time.  The other point here is.... is $9 actually that much money in the scheme of things? People cross the harbour by ferry for about that price. BUT there's a cap to how you pay overtime and you usually haven't got car running costs and petrol etc.  So, driving would become a premium option.  The question then becomes, do you not build because $9? The answer is simple, of course you do.  if we complain about the cost of building stuff and never build a thing we will continue this death spiral we've been in.  We need productivity growth and infrastructure and all those good things.  They don't come from nowhere. They come from good, planed investment.  What we need is good financial controls on the design and construction. We need a government doing the budget, rather gold-plated version. And we need that government to agree with the one that comes after it that this is a national interest project.  Mess with the bridge and you mess us.  Then just get on a build the thing.  See omnystudio.com/listener for privacy information.

    3 min
  2. 1 DAY AGO

    Ryan Bridge: Beware the insatiable beast that is the State

    It's like a hungry child screaming for more food, even though you've just fed them dinner and pudding.  Across the Tasman, Jim Chalmers, the Aussie Treasurer is facing high debt and deficit. They've managed to achieve the highest level of spending to GDP of any Government in 40 years, outside the pandemic. Sound familiar?  To deal with this, the IMF has just told them they should cut their cloth.  They've also suggested the Federal Government may need to bail out some states who are also weighed down by the Double Ds of post-Covid governance - debt and deficit.  Let's not forget this is the lucky country. The one that's been firing on cylinders we don't even have. The Flying Aussie Roos, it turns out, haven't quite been putting away for a rainy day despite making hay while the sun shines.  So, what do they do? There's a report out from The Australian this morning that they're considering taxing more.  Remember they already have a capital gains tax, the thing we don't have but Labour's promising to introduce.  But they have a discount on it for assets held for at least a year - once you flick it off you get half off the tax.  Their Treasurer has apparently been keen on getting rid of this discount before, and not ruling it out now.  It brings them an extra $10 billion in revenue.  So when parties here say they'll solve our problems with new taxes, is that the end of the story? Or does the insatiable beast come back for more?  This is a problem unique to government. In private business, as you well know, you only put prices up so high in order to cover costs.  People have choice about what they buy and they might put you out of business. So you cut costs. You innovate. You change and adapt to remain competitive.  Government's can raise taxes indefinitely.  The problem with some of them is that, given the chance, they would. See omnystudio.com/listener for privacy information.

    2 min

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A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

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