Tuesday, May 20, 2008

Green party voodoo economics

Green MP Sue Bradford has put out a press release advocating regional development specifically by asking Dr Cullen to invest (read - spend your money without your consent on something that wont generate a return to you) "in promoting more diverse economies, rather than each town putting all its hopes on one industry. Each of our towns and provinces needs a range of successful primary industry and manufacturing businesses providing diversity and strength to our local communities"
So she wants subsidies for business in effect, but she also says "It is obvious that benefit levels must rise" so she presumably wants to tax them more too. How putting up the price of labour and taxes for businesses in the regions is good for them is beyond me, and it's a bit much to hope that Sue's years in Maoist China before it reformed might have taught her something, besides Mandarin.

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