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

 


Greens snake oil solution of no help to NZ economy

Greens snake oil solution of no help to NZ economy

Hon Steven Joyce

Minister for Economic Development

7 October 2012

Media Statement

Greens snake oil solution of no help to NZ economy

(reissuing with correct attribution)

The Greens grab-bag of theories to lower the New Zealand dollar shows exactly how little they understand the economy and growth, Economic Development Minister Steven Joyce says.

“New Zealand has one of the strongest economies in the OECD over the last 12 months, and yet the Greens are determined to talk us down and promote a bunch of ideas that are only in vogue in countries that have run out of options and have massive and crippling public debt,” Mr Joyce says.

“The Greens solution to supposedly encourage the private sector is to slap a capital gains tax on it. Leaving aside the fact that Australia has a Capital Gains Tax and a high dollar, it’s a strange way to seek to encourage investment and growth by offering to tax it more.

“They then want to abandon sensible monetary policy and whack up the cost of living for every New Zealander, and they want to pay for the Christchurch rebuild by printing money.

“They have truly jumped the shark. The Greens half-baked economic ideas would move one of the few solidly growing OECD economies into the basket case division – more proof that they should never be let near the Treasury benches.

“In the post GFC world New Zealand is doing better than most. Our economy is 2.6% larger than it was this time last year, and the economy has added 57,000 jobs over the last two years.

“The way to achieve faster growth and more and higher paying jobs is to first have responsible fiscal and monetary policy, and then to assist Kiwi firms to become more competitive in the area of skills, innovation, infrastructure, access to raw materials, capital and markets. Not panicky responses from politicians in desperate search for a headline.”
ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Water, Pests, Erosion...: Commissioner Releases Mixed Report Card On Environment

The Parliamentary Commissioner for the Environment has released a mixed report card in her assessment of the state of New Zealand’s environment. “We are lucky to live in an exceptionally beautiful country, but we have some big issues to face up to” said Dr Jan Wright. More>>

ALSO:

Education: Private Schools Beneficiaries Of Extra Cash

“Not only did this year’s Budget freeze operational funding for state schools, but 86 per cent of secondary school principals say they don’t get enough funding, and the demand for school donations from parents is rising at 10 times the rate of inflation... Now we’ve got Hekia Parata proposing more cash for private schools." More>>

ALSO:

Shop Hours Bill Second Reading: Government Blocks Easter Trading Petition

The union representing retail workers is warning that the Government is out of touch with working people after passing the second reading of the Shop Trading Hours Amendment Bill, a law handing local authorities the power to permit trading on Easter Sunday. More>>

ALSO:

Gordon Campbell: On The Shewan Inquiry Into Our Tax Haven Rules

Like the political equivalent of lithium, Prime Minister John Key is routinely administered to dull any politically dangerous mood swings amidst the general public... More>>

ALSO:

Law Commission: Review Of Search And Surveillance Act Begins

“For example, the Act was drafted before cloud-based storage of data was commonplace. In the light of these and other developments, the Commission will be examining whether the investigative powers in the Act are sufficient for law enforcement purposes. We will also consider whether the safeguards that surround those processes are adequate.” More>>

ALSO:

Houses, Campers And Cops: LGNZ Media Briefing

At their quarterly media briefing today Local Government New Zealand addressed areas where local authorities are feeling pressure and outlined their approach for the upcoming local body elections in September-October. More>>

ALSO:

17 Year Sentences In Baby Moko Case: Attorney General On Plea Bargain

“The Crown’s decisions in this case, including the decision to accept the manslaughter pleas, were motivated by the need to secure convictions for this horrendous killing and to avoid the significant risk that either of the defendants could escape such a conviction because of evidential issues.” More>>

ALSO:

As Govt Cuts Lobby Anti-Smoking Group Funds: On The Nation - Plain Packaging Debate

Imperial Tobacco leaves open possibility of law suit against New Zealand government if plain packaging is introduced, as planned. Says it’s a “last resort” but “of course we will defend the right to use our brands”. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news