John Minto is in the NZ Herald today cheerleading on forcing you to pay for university students to be able to live so they can then pursue their dream jobs.
This economic illiterate assumes its cost wont result in a massive change in behaviour, discouraging students from working and encouraging people to become students, because someone else is forced to pay. He says:
"The cost would be about $700 million per year. It's about the same as Telecom's annual profit or a quarter of the New Zealand profit of our Australian-owned banks. Another reason why the sale of these core assets is such an ongoing disaster."
Yes, because if Telecom had been state owned it would still generate a reasonable profit right John? Because it was bound to be as efficient. Of course you wouldn't want Telecom reinvesting profits in upgrading technology or services, no. The Australian owned banks, except for the BNZ and part of ANZ were never state owned either, but Minto like many socialists doesn't let the facts get in the way of a good myth.
Compulsory student allowances are not the "community working together", it isn't about people caring and choosing to support one another, it is the leviathan state saying "pay us or else" on the one hand and "you get money or you don't" on the other.
Minto has no interest in diving into his own pocket to help students, he wants to get the state to threaten the money out of yours. It isn't interdependent to tax those who don't cost the state very much to pay for those who always do.