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We welcome refusal to bail-out Fletcher Building

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.”

ENDS

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