ARTICLE AD BOX
"Fundamentally, their budget is about lifting government revenue by taxing New Zealanders an extra $88billion over four years. They have no plan for growing the economy. ... for additional capital, the Greens have decided to simply borrow more. ...
"Included in the Greens tax grab are following revenue channels: Inheritance Tax [i.e., Death Tax]... Private Jet Tax ... 10-year Brightline test ... Labour’s removal of interest deductibility for residential property ... Companies/Corporate Tax [hike] ... Income Tax [threshold] change ... Mining Royalties [hike] ... Wealth Tax...
"It is worth remembering that the Green Party only claims these policies will generate nearly $90 billion in new revenue over four years. This is an implausibly optimistic figure. The reality is you can’t just plug in tax rates and expect static revenue. People adapt and restructure in reaction to law changes and shifting systems. Sometimes they just straight up leave. These are not 'guaranteed billions.' They are some pretty wild assumptions disguised as policy. ...
"CLAIMING TO HAVE FOUND $88 billion in additional revenue thanks to taxing the shizzzzz out of New Zealanders, the Greens have gone to town spending big. ... their budget is more manifesto than fiscal plan. At the heart of the document is the assumption that profit should be avoided and the state should act to hamper it as much as possible. Other assumptions of note relate to their allergic reaction to anything that remotely suggests that adults should be responsible for their own wellbeing. ...
"In classic modern Marxist fashion, they are determined to try things that have already failed multiple times over in other jurisdictions. ...The biggest problem with [their] extensive list of spending [outside the morality of altruism and theft, Ed.] ... is that there’s clearly a lack of capacity in our systems to deliver any of these services. ...
"It is also a strategy that assumes infinite government competence. The Greens are highly critical of our existing systems and yet they want to expand them, give them vastly more power, and put them under further pressure. ...
"'As Venezuelans have learned over the past 20 years of socialism, “free things” come at a high price'.' ...
"Most depressing of all, in my view is the way the Greens would set out to cause lifelong structural dependency on the state. Accusations of Marxism and socialism are often overblown, but in this case they are truly warranted. This plan contains no serious expectations of any personal responsibility nor any incentives to engage in commerce and grow the economy. Guaranteed incomes, regardless of effort, encourage longterm unemployment or permanent student life. There’s no point in saving, working hard, starting a business, or taking financial risks. In fact, those who do would be penalised severely by the Greens through taxation. This is a social model built not on empowerment, but entitlement. ...
"This budget is a blueprint for turning our country into the next Venezuela. It is easy to dismiss the insanity of the Greens as the fantasies of the irrelevant, but the assumption that will not get close to the levers of power is a naive one. ... unless MMP is overhauled ..."
~ Ani O'Brien from her posts 'The Greens' vision a pathway to Venezuela' and 'Greens' moral crusade masquerading as an economic planWATCH: Greens's co-leaderette Chloe Swarbrick attempts defending the impossible against Jack Tame's timid prodding:
English (US) ·