Solid Energy – lessons unlearnt

New Zealand should learn from the Solid Energy fiasco, says ACT Leader David Seymour.

“Politicians forced taxpayers to  invest in a coal business which has gone bust, losing $500 million in value since 2011. Obviously the company should have been sold when it still had some value.

“Taxpayers deserve an apology. Half a billion dollars of taxpayer wealth has gone down the toilet.

Budget 2015’s corporate welfare splurge

The recent report, Any new kids at the trough? shows the Government is spending more than ever on corporate welfare.

“The average household is paying $752 this year in what are effectively government handouts to favoured businesses,” says ACT Leader David Seymour.

“These handouts, totalling $1.34 billion, include payments for sheep given to a Saudi businessman, rockets launched off the Coromandel, and a boat-building company owned by Larry Ellison, the world’s sixth-richest man.

Budget for the Future

Next week's Budget will show continued steady progress away from the massive deficits associated with the aftermath of the global financial crisis and Christchurch earthquakes. The National government will continue to make incremental gains, albeit from a firmly centrist political position.

For every halting step forward, there will continue to be the occasional step backwards.

New Zealand doesn’t need a policy revolution, but we need much more than this tentative incremental change.

Here’s what ACT would like to see in the Budget.

ACT’s budget priorities

Next week's Budget will show continued steady progress away from the massive deficits associated with the aftermath of the global financial crisis and Christchurch earthquakes. The National government will continue to make incremental gains, albeit from a firmly centrist political position.

For every halting step forward, there will continue to be the occasional step backwards.

New Zealand doesn’t need a policy revolution, but we need much more than this tentative incremental change.

Here’s what ACT would like to see in the Budget.

What should be in Budget 2015

Today ACT Leader David Seymour outlined policy changes he would like to see in Budget 2015.

They included:

Debate on Budget Policy Statement

Delivered by ACT Leader David Seymour. 11 March, 2015
Video of the speech can be viewed here.

Newsletter - A year of inequality debate

Inequality and poverty issues were big news this past year.

The English version of Thomas Piketty’s book, Capital in the Twenty-First Century, was published in April.  It provided an impressive collection of historical data on trends in wealth distribution. Much less impressive was the interpretation of the data and the theory that went with it.

Newsletter - Stocks and Flows

Social Housing: Stock and Flow Confusion
November 7, 2014

This is the first issue of what will be a regular newsletter, commenting on and reacting to political and other issues. On this occasion, the topic is the debate over social housing reform, one where opposition politicians and many commentators seem hopelessly confused over what is, and is not, important.