Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Student Debt Limits Access to Prosperity!


Student Debt Limits Access to Prosperity!

"The economic effect of growing student debt and state education-funding is preventing people building their wealth in more ways than Andrew Campbell and his cronies at NZUSA can imagine,” said a Libertarianz spokesman today, responding to calls from NZUSA for banks to ignore student debt levels when considering mortgage applications from graduates, and for even more taxpayer money to be expended on students ungrateful for the largesse they already receive from taxpayers.

Speaking out against NZUSA today, Andrew Bates - Libertarianz spokesman for the deregulation of tertiary education - described student debt as a “large, unwanted and ever-growing millstone around taxpayers’ necks." Bates says that this "ever-increasing millstone" prevents capital accumulation, investment growth and technological advancement – the foundations of increasing incomes." He maintains that student groups like NZUSA who call for this millstone to be weighed even more heavily against taxpayers only serve to highlight "the inability of these professional whingers to grasp the most basic economic principles.”

"It was bad enough that the compulsorily-funded lobbyists at NZUSA used student money to advance the economically illiterate Alliance Retard Party," says Bates. "What's worse is their continued and ongoing demonstrations of their own economic illiteracy. If they think banks should abandon good business practises and listen to the King Canutes in Wellington, how long will it be before they call for the state to nationalise the farms and the factories?”

Bates recommends students shun the Faustian deal Campbell wants for students. “As things stand, other tax-paying graduates and I shall be forced to pay for 74% of future students’ educations and to bankroll the rest if they want it. NZUSA’s calls for 100% funding would only make this worse. I’d prefer to see the Libertarianz elected in which case student loans, education and other state owned services would rapidly be privatised. In an environment where taxpayers’ property rights were respected, the future earnings of graduates and everyone else would skyrocket.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Uncanny Valley Of Tokyo 2020

For all involved, this year’s Olympic Games have called for a willing suspension of anxiety. For now at least, the displays of skill and agility have been compelling enough to muffle some of the previous misgivings about the wisdom of asking athletes from all corners of the world to converge in one place in the middle of a pandemic, and at the height of a Tokyo summer... More>>



ALSO:


 
 


Child Poverty Action Group: Poverty Burden For Children Increased Due To Government Neglect - New Report

Poverty, inequity, homelessness and food insecurity are among the burdens which increased for tamariki Māori and other children in the first year of Covid-19 - partially due to Government neglect... More>>

Government: Cabinet Accepts Turkish Authorities’ Request For The Managed Return Of Three NZ Citizens

Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year... More>>

ALSO:

Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>

ALSO:


NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>



Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels