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

 


John Wright Calculates “A Plus B Equals Zero”

Responding to John Wright, former Social Credit member now in the Alliance, Ilam MP Gerry Brownlee today said that the hapless Jim Anderton has left it to the even more hapless Mr Wright to respond to his (Brownlee’s) statement of 8 September that the “loopy Alliance tariff increase policy” would contribute $!92 of additional expenditure per week for the average New Zealand family, should a Labour-Alliance government get elected.

“I want to spell out clearly for Mr Wright, the financial genius of the left, that my figure was derived from a $110 per week tax increase if the Alliance policy of reversing tax cuts were implemented, a $60 per week increase as an expected 3 percent premium interest rate charged by banks as a result of a Labour-Alliance government, and $22 per week derived from savings in tariffs already cut.

“In fact the five percent tariff increase would add even more to that amount.

“Mr Wright’s suggestion that a five percent tariff increase will only add 85 cents in every 100 dollars spent on imported goods other than those from Australia has to be a figure that Major Douglas, the Social Credit founder, would have been proud of. There would not be a business in this country prepared to state that their mark ups are so great that a 5 percent tariff on landed cost equals only 85 cents in every hundred dollars at the retail end,” said Mr Brownlee.

“Mr Wright’s personally focussed press release is yet again confirmation that the Alliance has not got a clue how the New Zealand economy works, and that Mr Wright himself as a prospective Treasury minister is woefully short of qualifications for the job.

“My chief concern is for the average New Zealand families that make up my constituency who will face enormous additional costs in the sad event of their being a Labour-Alliance government,” Mr Brownlee said

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news