Tuesday, November 04, 2008

Labour wipes out $56 from your pocket

That's the writedown in value of Kiwirail according to the Dominion Post. The book value for Kiwirail on the Crown's accounts is now NZ$448 million, after Dr Cullen took your money to pay NZ$690 million. NZ$56 for ever New Zealand resident gone.

That's what I meant a while ago when I said when politicians use the word "investment" it is nothing of the sort.

The Greens are full of "investments" like this as well. National's "investments" are roads and telecommunications.

I needn't remind you that Libertarianz believe in investments too - that means you spending your own money, not government spending it.

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