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No, the Provincial Growth Fund has not created jobs


FEBRUARY 5 2019


Reports that the Provincial Growth Fund has created 54 jobs are false, as it doesn't account for the jobs lost due to the taxes required to fund Shane Jones' handouts, says the New Zealand Taxpayers’ Union.

Taxpayers’ Union spokesman Louis Houlbrooke says, “Paul Goldsmith is being too generous to Shane Jones. Robbing successful businesses of profit to fund uneconomic political projects does not create jobs. In fact, it destroys them.”

“Shane Jones and Paul Goldsmith seem to forget that money from the Growth Fund hasn’t come from thin air – it has been taken from taxpayers, churned through a bureaucratic process, and then thrown at projects based on political convenience.”

“The question is one of opportunity cost: how many more jobs would these funds have created if they were left with taxpayers to spend at businesses of their choice?”

ENDS




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