So, John Key has announced that he's going to sell off some state assets, namely our energy companies, to cover some of this debt we seem to enjoy so much. There's a couple of things I don't like about this, and they cover both practical and ideological fronts.
Key, in his State of the Nation speech, said that National would sell off 49% of the state-owned energy companies to pay for rising national debt, retaining controlling interest for the government.
On the practical side, I understand that energy companies earned the government around $700 million last year. This goes into the state coffers where it's used to help pay for things like healthcare and education. If the government sells off half of the shares in the companies, that would slash the revenue that the government can take. That will mean we'd have to find more money from other sources to pay for important things that we're already not providing enough funding for.
Selling the assets would mean a one off cash boost to the government, but after a few years, the reduced income would negate that.
We were in debt a couple of years ago, and John Key cut tax for the rich, claiming it would help boost the economy, apparently still believing that the trickle down theory actually has merit. That, or he was lying through his insidious smile. Either way, fit for leadership that does not one make.
Yoda-esque sentences aside, the cuts were supposed to be balanced out by the increase in GST. It's incredibly naïve to think that a tax on consumption would work in a time when consumption is low.
So we ended up in more debt, of Key and Bill English's construction, which they claim will be solved with a quick state-asset sale.
On the ideological side of my argument, energy companies are part of our core infrastructure. They belong to all of us. Key said that "mum and dad" investors (I abhor that term on so many levels) would be better off if they could buy shares in the companies. When CLive pointed out that "mum and dad" already own shares with them being state owned (as do the rest of us non "mum and dad"s), Key merrily said, "Yes, and now thay can buy their own shares in it! ^_^" *
"Mum and dad" investors are not going to be better off - wealthy, private interests are. Foreign investors are going to go for their slice of the pie too (even though they have to stand at the back of the queue, NZ investors would be given first dibs).
Electricity companies are fundamentally important to the running of our nation. Power generation should belong to all the people and not be subjected to the whims of private owners. Just because the government holds controlling interest, giving them the power of veto in certain decisions, it doesn't mean that the other 49% don't have any sway. They have a lot of sway.
I shouldn't keep saying that these companies are owned by the government, that makes people miss the point. These companies are owned by us - the citizens of New Zealand. We should be the ones who control them. A small group of politicians should keep their grubby paws off them.
* I'm paraphrasing a little.
Quasi-intellectual ramblings of someone who considers himself a quasi-intellectual. Has a tendency to become rather cynical when confronted with politics.
Showing posts with label Cynical. Show all posts
Showing posts with label Cynical. Show all posts
26 January, 2011
11 October, 2010
Reading things make me angry
I today saw both the names "Michael Laws" and "Paul Henry" in a tweet. In the interest of masochistic rigour, I clicked on the link to see if I could get my blood to boil. Why do I do this to myself?
It didn't take long - the fact that I'd already read the name "Michael Laws" helped out a lot there. The link led to his column on the Radio Live website. Apologising to the Governor-General for controversial statements seems to be in vogue at the moment, so Laws jumped the bandwagon and apologised for calling Anand Satyanand fat:
But he is. He's a racist homophobe, and he's worse than Henry. At least Henry could hold a logical debte when he wasn't laughing at lady-moustaches. Laws is just a dick.
I can't help but [cynically] notice that he refers to him only as "the Governor General," not once does he refer to him by his name. Is the name Anand Satyanand not 'New Zealand' enough? (Sorry, that's the domain of Henry)
OK, so we all know that Laws is a dick (well, we should, by now). I won't keep flogging him - I found something else to be cynical about [Emphasis mine]:
Secondly, yes, it does make you racist, but that's not something to be proud of. Furthermore, at the time I read this post, 3 people 'agreed' with her. This is what is what "is wrong with this country." Not people being offended at offensive stuff, but the racist, bigoted sentiment that comes gushing to the surface when people like Laws and Henry get in trouble.
It's hard to think of New Zealand as being a bigoted nation, but the bigotry is there. What I can't comprehend is people defending it, and claiming it as their right to be bigots.
I should stop reading the internet, it makes me angry. Also, Jane, your grammer sucks and that "Emperors New Clothes" line makes no sense.
It didn't take long - the fact that I'd already read the name "Michael Laws" helped out a lot there. The link led to his column on the Radio Live website. Apologising to the Governor-General for controversial statements seems to be in vogue at the moment, so Laws jumped the bandwagon and apologised for calling Anand Satyanand fat:
Today I have engaged in discussions with RadioLIVE regarding my comments about the Governor General and his physique.
I apologise to the Governor General for comments which were, upon reflection, uncharitable and inappropriate.So, Laws called Satyanand fat. That's not really that offensive. Fatphobia is a bad thing and should be discouraged, but I can imagine Satyanand shrugging it off. Laws is just trying to remind everyone that he's offensive too, and that by apologising for this one act of insensitivity, he can claim that he cares and isn't all that bad.
But he is. He's a racist homophobe, and he's worse than Henry. At least Henry could hold a logical debte when he wasn't laughing at lady-moustaches. Laws is just a dick.
I can't help but [cynically] notice that he refers to him only as "the Governor General," not once does he refer to him by his name. Is the name Anand Satyanand not 'New Zealand' enough? (Sorry, that's the domain of Henry)
I reserve the right to be controversial and outspoken.Translation: I reserve the right to be a bigoted arsehole - freedom of speech and all that!
OK, so we all know that Laws is a dick (well, we should, by now). I won't keep flogging him - I found something else to be cynical about [Emphasis mine]:
3) (0)This was the first comment I saw on Laws' column. I could poke fun at 'Jane's' grammer, I could poke fun at her misplaced "Emperors New Clothes" analogy, but I won't. Firstly, at what point has Satyanand acted "holier than thou?" He's hardly said anything - it's the media and social commentators (myself included, granted) that been blustering about this.
Secondly, yes, it does make you racist, but that's not something to be proud of. Furthermore, at the time I read this post, 3 people 'agreed' with her. This is what is what "is wrong with this country." Not people being offended at offensive stuff, but the racist, bigoted sentiment that comes gushing to the surface when people like Laws and Henry get in trouble.
It's hard to think of New Zealand as being a bigoted nation, but the bigotry is there. What I can't comprehend is people defending it, and claiming it as their right to be bigots.
I should stop reading the internet, it makes me angry. Also, Jane, your grammer sucks and that "Emperors New Clothes" line makes no sense.
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What the hell is wrong with this country...sorry but this is seriously a case of the Emperors New Clothes, sorry to state the obvious but the Governor General, not matter how holier than thou he is, is of Indian descent and hes FAT, regardless of whether he was born in NZ or not! And if you dont want English speaking nations to say your name as Dikshit, then spell it Dixit! And if that makes me a racist, then I'm happy to wear that label