Kiwibuild is turning into a corporate
welfare racket, says the New Zealand Taxpayers’ Union in
response to news that none of the seven Kiwibuild homes
marketed in Christchurch have sold, and therefore the
Government is likely to pay out the private developers for
the guaranteed sale price.
Taxpayers’ Union
spokesman Louis Houlbrooke “Kiwibuild is looking more and
more like a convoluted way of putting taxpayer money into
the pockets of fat cat developers. Once upon a time,
developers would have been punished by the market for
building in areas of low demand. Now, they’re getting paid
out by the taxpayer for it.”
“The Government’s
plan to get into bed with the construction industry was
always going be a massive risk for taxpayers. Phil Twyford
should put Kiwibuild out of its misery now, before this
little monster grows up and does taxpayers more serious
damage.”
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