My challenge to David Cunliffe
Jamie Whyte
ACT Leader
My challenge to David Cunliffe
The Labour Party has announced a return to “industrial policy”. If elected, they will decide which businesses and sectors of the economy will deliver the highest returns and promote them in various ways – most obviously, by subsidising them with taxpayers’ money.
This policy effectively replaces the decisions of private investors with the decisions of Labour Party politicians. It would be a foolish policy if Labour Party politicians were not better investors than the private investors they will replace.
So, before asking people to vote for the policy, shouldn’t David Cunliffe prove that he and his colleagues really are better investors than those who do it professionally?
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3 comments:
Cunliffe hasn't "invested" a dollar of taxpayers money in the last 6 years and nor is he likely to.
On the other hand, John Ken blew millions on the Smelter (to keep Dunedin Unionists happy); millions more on the Casino; and of course 3.2 Billion on the bailout for SCF.
ACT isn't going take any votes from Labour. But if NZ is to get even a "soft centre left" government then ACT needs to take 15% of votes of National.
Bashing Cunliffe won't achieve that.
Bashing the ETS and RMA won't achieve that either.
Now, a bottom line of - 1% off the top marginal tax rate for every 1% of the party vote - that's an offer I couldn't refuse!
Brilliant. I can't stand the conservatists in ACT, but Jamie most likely has my vote.
So, before asking people to vote for the policy, shouldn’t David Cunliffe prove that he and his colleagues really are better investors than those who do it professionally?
Define "better." For the professional investor, personal enrichment is the criterion for success. For cabinet ministers, that would be a criterion for criminality.
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