Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

2025 Taskforce: A Good Starting Point

2025 Taskforce: A Good Starting Point

Press Release by Hon Sir Roger Douglas, ACT New Zealand
Monday, November 30 2009

The first report from the 2025 Taskforce grapples with the complex issues surrounding New Zealand’s economic decline, and goes some way to proposing ideas that may help solve them, ACT New Zealand Finance Spokesman Sir Roger Douglas said today.

"The report makes a number of very good recommendations. In particular, it advocates opening up the educational market to private competitors, which would deliver quality education, ensuring all children leave school able to read, write, and in a position to give back to society. It advocates for a divestment of business assets – which will lead to productivity gains in these enterprises. Changes around employment law and resource use are also positive," Sir Roger said.

"However, the report has some significant weaknesses. When it comes to health, superannuation, and welfare, it argues for reduced Government expenditure - yet it leaves the control of these areas in politicians’ hands. These politicians will inevitably succumb to temptations to bribe the electorate with unsustainable promises at election time.

"In addition, the Taskforce makes the valid point that effective marginal tax rates are too high, encouraging destructive behaviour. But at the same time, it argues for more targeted health and welfare expenditure – the exact kind of policies that would increase effective marginal tax rates, as these benefits would abate as individuals earned more income.

"There is also a real level of unfairness in their suggestions for superannuation. Lifting the age of superannuation entitlement will mean that some individuals – in particular, Maori and Pacific Islanders – will pay into the scheme their whole lives and receive lower payouts - if any - due to their shorter life expectancy. The cost today of benefits to those over 65 amount to 60 percent of all personal income tax – 33 percent for superannuation and 27 percent for health. The only solution to the superannuation problem is to move away from the current system, and introduce individualised savings account so individuals - not politicians - determine when they should retire.

"In the long term, the political structures that the Taskforce leave in place would come to undermine their reforms. Superannuitants would be bribed, the healthcare system will suck up more money as people complain about the rationing of healthcare, and welfare time limits will be rejected as harsh. Only if we move from the current system, dominated by politicians and bureaucrats, to one where individuals are free to choose will we deliver the kind of environment that is needed to beat Australia," Sir Roger said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Mediaworks: Three to be sold or closed

MediaWorks has today announced that it intends to sell MediaWorks TV as well as its Flower Street property which includes its television head office and studios.

The intention is for MediaWorks to sell the television side of the business while retaining ownership of radio and QMS. The Flower Street property will also be put up for sale with a lease back option for a buyer to continue to operate television from that location.

MediaWorks Chairman Jack Matthews said that MediaWorks is committed to continuing to grow its business in New Zealand while recognising that free-to-air television operates in a challenging environment. More>>

 
 

Could Do Better: Post-Sroubek Review Of Deportation Info

Ms Tremain acknowledges that the review highlighted some aspects of the process that can be improved and makes five main recommendations to strengthen the existing processes for preparing files for decision-makers. Those recommendations are: More>>

ALSO:

Gordon Campbell: On A New Book On The Leaky Homes Scandal

We all know that journalism is short of cash and under pressure from the speed, brevity and clickbait pressures of the 24/7 news cycle… but hey, given the right subject and a sufficiently stubborn journalist, it can still surpass most of the works of the academic historians... More>>

Regulation: Review Finds NZTA Road Safety Failings

The independent review, carried out by consultant agency MartinJenkins, lists at least 10 reasons for the failures including the agency being focused on customer service at the expense of its policing functions. More>>

ALSO:

Rod Carr: Climate Change Commission Chair-Designate Announced

Climate Change Minister James Shaw has today announced the appointment of Dr Rod Carr as Chair-designate for the Climate Change Commission. More>>

ALSO:

Compliance Complaints: 'Putting Right' Holidays Act Underpayment In Health

The Government is putting right a decade’s worth of underpayment to nurses, doctors and other health workers, says Health Minister Dr David Clark. More>>

ALSO:

IPCA: Disasterous Police Pursuit, Excessive Use Of Dogs

At no stage did Police follow the correct procedure for the commencement of a pursuit... A Police dog handler used his dog to help with the arrest of two of the young people. One suffered injuries resulting in his hospitalisation, and the Authority found that the use of the dog was an excessive use of force. More>>

ALSO:

‘Hard Place To Be Happy’: Report On Youth Residential Care

Children’s Commissioner Andrew Becroft says the report, A Hard Place to be Happy, contains important challenges from children and young people, aged 9 to 17, about their experiences in care and protection residences. “I found this report extremely difficult to read, and I think most New Zealanders would too.” More>>

Africa And Middle East Refugees: 'Family Link' Restriction Removed

The founder of the Double the Quota campaign has applauded the coalition government for Friday’s announcement that a discriminatory policy would be removed. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels