POLICY RELEASE Libertarianz

FOR IMMEDIATE RELEASE

“For too long New Zealanders have had their earnings taken from them by thieving governments. This proposed Libertarianz Budget â€" officially released today - gives people their money back,” says Libertarianz Finance Spokesman Julian Darby.

“This budget,” he says,” is a signpost â€" indicating the way Libertarianz would approach a programme which weans people from their state dependence â€" and is constructed in a fundamentally conservative way. IT IS ACHIEVABLE!”

“It is possible,” he says, “to finance the essential services of government without Government spending nearly half what New Zealanders produce. This budget shows the way.”

Main points:

 Personal and company tax rates set at 20%, reducing to 10% in four years;

 Abolition of GST;

 Abolition of all excise duties, tariffs, product specific taxes, fringe benefit tax, entertainment tax;

 First $15,000 of income will be tax free;

 IRD (while it exists) renamed Department of Legalised Theft (DOLT);

 State assets sold off in a three year programme, and annuities bought with the proceeds: for existing superannuitants and those close to pension age; for the already seriously disabled; for specified welfare recipients now unable to plan for themselves. These assets can be sold only once - so these annuities will be available only once - but recipients will have a property right to their annuity;

 With the above specified exceptions all state benefits will be axed, and state maintained superranuation will cease.

“This budget is workable, achievable and just,” says Darby I invite you to check the details on:

http://www.libertarianz.org.nz/budget.htm

ENDS

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