Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Finally: A Credible Economic Plan

PRESS RELEASE

FOR IMMEDIATE RELEASE
Economic Plan - Part 1 of 2
Finally: A Credible Economic Plan

With chill economic winds blowing and all the mainstream political parties either unaware that the global economy has changed while they've been out campaigning, or abjectly clueless what to do about it, Libertarianz finance spokesman Julian Darby released the only credible plan to confront both galloping government deficits and collapsing financial markets.

"I call it the Don't-Spend-So-Goddamned-Much Plan," he says.

Responsible political parties would know that every cut in taxes must be accompanied by corresponding cuts in government spending - "Hence the Libertarianz Don't-Spend-So-Goddamned-Much Plan," he says. And responsible parties know too that when the economy tanks, that government receipts go down - "Hence the urgency of the Libertarianz Don't-Spend-So-Goddamned-Much Plan."

"This has to be the first and most important step in a responsible 'economic plan' at such a time," says Darby. "Tax cuts are not credible and genuine recovery is not possible as long as government keeps competing for capital with profit-making businessmen."

"Stop spending so goddamn much," says Darby, "and you'll still have enough to abolish GST, make the first $50,000 of income tax-free, and leave New Zealand's economy robust enough to confront whatever the world's central bankers throw at us. Then the much-needed market corrections can happen as rapidly as they need to, without being prolonged by government meddling or competing for essential capital with the entrepreneurs who will grow us out of danger."

Instead of sitting at the bottom of the world like a possum in the headlights as we face the collapse of the housing bubble, a serious credit crunch and signs of an imminent inflationary depression - none of which the major parties give any sign they've even noticed - Darby maintains the responsible answer at such a time is to urgently work towards a policy of sound money and a permanent end to deficit spending.

As a matter of urgency, governments need to cut the fat - and there's plenty of it in Helengrad just waiting to be cut to the bone. Here's just a start of the boondoggles to be axed in the Libertarianz Stop-Spending-So-Goddamned-Much Plan:
• Cindy Kiro's Office for the Children's Commissioner
• Peter Dunne's Families Commission
• Paula Rebstock's Commerce Commission
• David Lange's Ministry for Women's Affairs
• Jim Anderton's Ministry of Economic Development
• The Ministry of Pacific Island Affairs
• The Ministry for Maori AffairsThe Race Relations Conciliator
• The Ministry of Youth Development
• Alcohol Advisory Council of New Zealand
• Action on Smoking Hysterics
• Asia New Zealand Foundation
• Electricity Commission
• Energy Efficiency & Conservation Authority
• The National Advisory Council on the Employment of Women
• The Department of Labour

"That's just a few of the bureaucratic sacred cows that any responsible political party should have in their sights at such a time," concludes Darby.

"It's enough to make you vote Libertarianz!"

This is the first part of the ambitious Libertarianz economic plan. The second part, by party leader Bernard Darnton, willl be released this afternoon.


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Populism And Labour 2017

For many people on the centre-left, populism is a dirty word, and a shorthand for the politics of bigotry. In this country, it has tended to be equated with the angry legions of New Zealand First. Who knew they were not just a reactionary spasm, but the wave of the future?

Certainly, at the end of this week, the next US President will have won office (at least in part) thanks to his proven ability at (a) scapegoating refugees and migrants (b) wooing neo-Nazis and racial supremacists (c) attacking journalists and judges (d) threatening to jail his opponents (e) urging nuclear proliferation and (e) by promising to restrict women’s rights to control their own fertility.

On the face of that campaign record, there wouldn’t seem to be much in common between Donald Trump and say, Spain’s centre-left populist party, Podemos. Yet arguably, the similarities could be instructive for the Labour/Green partnership here. More>>

 
 

Oxfam: 30% Of NZ Owns Less Wealth Than Our Two Richest Men

The research also reveals that the richest one per cent have 20 per cent of the wealth in New Zealand, while 90 per cent of the population owns less than half of the nation’s wealth. The research forms part of a global report released to coincide with this week’s annual meeting of political and business leaders at the World Economic Forum in Davos, Switzerland. More>>

ALSO:

Hospitals: Resident Doctors Set To Strike Again

Despite discussions between the DHBs and NZRDA over safer hours for resident doctors progressing during the last week, the strike planned for next week appears set to proceed. More>>

ALSO:

Not So Super Fund: More Burning Ethical Questions For Steven Joyce

Greens: Radio New Zealand reported this morning that the New Zealand Superfund has $77 million invested in 47 coal companies that the Norwegian Government’s Pension Fund – the largest sovereign fund in the world – has blacklisted. More>>

Activism: Greenpeace Intercepts World’s Biggest Seismic Oil Ship

Greenpeace crew have made contact with the world’s biggest seismic oil ship after travelling 50 nautical miles on two rigid-hulled inflatables off the coast of Wairarapa... Greenpeace radioed the master of the Amazon Warrior to deliver an open letter of protest signed by over 60,000 New Zealanders. More>>

ALSO:

Gordon Campbell: Why Tax Cuts In 2017 Would Be A (Proven) Bad Idea

Ever since the world fell prey to the mullahs of the free market in the 1980s, no amount of real world evidence has managed dispel one key tenet of their economic faith. Namely, the idea that if you cut income taxes and taxes on small business, a wave of individual enterprise and entrepreneurial energy will thus be unleashed, profits will rise and – hey bingo! – the tax cuts will soon be paying for themselves ... More>>

Liquor Sponsorship: Researchers Call For Ban On Alcohol Sponsorship Of Sport

“Due to alcohol sponsorship of sport, New Zealanders, including children, were exposed to up to 200 ads per hour they watched televised sport, and people watching football and tennis saw alcohol ads for almost half of each game,” says Associate Professor Signal. More>>

ALSO:

Mt Albert: Ardern For Labour, Genter For Greens

At the close of nominations, Jacinda Ardern was the sole nomination received for the position of Labour’s candidate for the Mt Albert by-election, says Labour General Secretary, Andrew Kirton. More>>

ALSO:

Earlier:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news