Saturday, 11 September 1999, 12:59 am Press Release: ACT New Zealand
Friday 10th Sep 1999
Media Release --
Education
"The Alliance promise to abolish interest
payments on Student Loans for current and former students
is yet another example of plundering some people to
benefit others," said ACT Party President Sir Roger
Douglas.
"There are only two ways individuals can
acquire wealth - production or plunder. Producing goods or
services enhances the wealth of society.
"Plunder fails
to generate one dollar of extra income, the gain of one
(the student) is a loss to another (the poor of Otara)
but because it consumes resources, it also reduces the
overall wealth of society.
"The increase in the size of
the transfer sector in New Zealand over the last 6 years
has retarded economic growth. In the case of
government university student support what we have seen
is a massive transfer of wealth occur from the relatively
poor in Mangere and Otara to the relatively well off in
Epsom and Remuera - Is this fair?," said Roger Douglas.
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