The Labour Party announced new policy today committing it
- to raise taxes on anyone with the temerity to earn more than a garbage collector;
- to ban New Zealanders selling their land or shares to anyone who doesn’t look like us; and
- to encourage the Reserve Bank to substitute its production of printed paper for the production of the real goods that New Zealand really needs.
Which is to say that it’s abandoned common sense in favour, respectively, of envy, xenophobia, and the economic alchemy of inflationism.
No wonder Winston Peters felt so much at home when he was sitting around their cabinet table.
UPDATE 1: According to Martyn Bradbury, making Labour look like NZ First is “making Labour stand for something.”
Martyn Bradbury is
45 36 12 take your pick.
UPDATE 2: This comment from Ruth is worth repeating:
All Goff needed to say was:
"We know NZers can not afford to purchase desirable farmland in their own
country, so Labour is going to create the economic conditions in which they can."
How uplifting and positive that would have been. Instead he chose to drag everyone down.
The conditions required to allow a foreigner to buy land are nothing short of blackmail already.
Ain’t that the sad truth.