The Government’s decision to rule-out funding for embattled company
Fletcher Buildingis a refreshing change from
years of corporate welfare and a bad habit of taxpayers’
money being used to bailout private businesses, says the
New Zealand Taxpayers’ Union.
Taxpayers’ Union Executive Director, Jordan
Williams, says “The previous Government used our money to
bail out Solid Energy, Rio Tinto, and even Mediaworks.
It’s great news for taxpayers that the new Government is
starting their term by refusing to continue that
policy.”
“Company bailouts are socialism for the
rich. Shareholders don’t have to face any risk for their
investment and the average taxpayer ends up footing the
bill.”
“Sometimes taxpayer groups are accused of
always being negative. Here we want to applaud David Parker
and his Government for making the principled, moral, and
right decision.”
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