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Losers Picking Winners with 'Other People's Money'

"If Labour's science policy is a pillar for a knowledge economy, then for your own sake don't stand underneath the overhang," says Libertarianz spokesman Robert Winefield.

Their plans to introduce a 'Science and Innovation Council reporting directly to the Prime Minister - yet another quango -are intended to demonstrate that Labour takes science and scientists seriously. Instead it merely demonstrates Labour's intentions to spend even more of other peoples money (OPM).

Ostensibly, the intention is to 'pick winners', yet the closest any politician should ever get to picking a winner is on the first Tuesday in November when they get to put a dollar each way on any New Zealand horse.

Instead of spending other peoples money (OPM).on politicians' grandstanding the answer lies in slashing bureaucracy and regulation, and reducing tax to zero. And as quickly as possible.

ENDS



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