tag:blogger.com,1999:blog-19962237.post1706936412002973936..comments2024-03-04T16:39:30.609+13:00Comments on Lindsay Mitchell: Local government taxing the bejesus out of usLindsay Mitchellhttp://www.blogger.com/profile/04437693272797130833noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19962237.post-63248796581658865842013-07-29T00:08:17.004+12:002013-07-29T00:08:17.004+12:00well, maybe wealth creation on property bites back...well, maybe wealth creation on property bites back. Not all rose-tinted, I guess.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19962237.post-61366787549901951382013-07-28T12:13:30.086+12:002013-07-28T12:13:30.086+12:00Hmmm. One pound became $2 with decimal currency so...Hmmm. One pound became $2 with decimal currency so the initial figure is more like 1:15. According to the Reserve Bank inflation calculator, one pound in the second quarter of 1952 is equivalent to $55 in Q2 of 2013, so that 1:7 figure should really be 1:385, on top of which should be added the rentals to which you refer.<br /><br />Having recently had dealings with a council concerning resource and building consents, I'm not terribly sympathetic to some of their pointless cost-adding rules and regulations, but it's quite possible that some increases in the last 60 years are the response to legitimate environmental costs which were once ignored, or a response to potential legal liabilities.<br />Kiwi DaveAnonymousnoreply@blogger.com