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Cullen Fails Future Generations

Cullen Fails Future Generations

For the past 30 years Government budgets have failed to deliver the economic environment needed to ensure everyone gets a fair share of the wealth we create. Instead there is the usual statement outlining excuses for not delivering what is needed and further applications of wallpaper and paint to disguise the gaps and deficiencies in the essential infrastructure of our nation.

Instead we get a half baked cake based on a compulsory savings plan that will, if the fund managers of the future get it right and the world economy doesn't descend into chaos, deliver a few crumbs to the 50% of NZers who have sufficient income to be part of the scheme.

There is also a token reduction in company tax which will be rapidly eaten up in added compliance costs, while businesses who are sole traders or partnerships get absolutely nothing.

Where are the budget provisions to tackle the health and education issues, the growing crime rate, regional development, resource protection and environmental rehabilitation, transport alternatives, energy provision, lowering personal taxes, etc?

In the 1980s the N Z Social Credit party warned that an economy built on a base of ever growing debt contained the potential for adverse outcomes for most New Zealanders. The 2008 Cullen budget simply entrenches adversity within our society because it doesn't acknowledge the cause of the economic issues.

The flawed debt mechanism used by respective governments is the primary driver of the historic problems of inflation, high taxation and a monetary/economic system that has continually failed to deliver adequate services in health, education and essential national, regional and local infrastructure. There is an urgent need for a primary focus on changing the debt based money mechanism so people are living and working in an environment which ensures their efforts are properly rewarded and the fabric of their society is built up rather than ripped apart.

It is time for a new money reform party to force real reform of the system rather than the wishy washy 'economic transformation' supported by the Nat/Lab incumbents?


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