Tuesday, September 18, 2012

Well, I've heard it all now

David Cunliffe was on Newstalk ZB this evening arguing not for officials to veto overseas investment (such as the Overseas Investment Office), but rather, that power should be given directly to Ministers.

Labour actually believes that politicians in New Zealand should actively intervene in our capital markets.  This is music to the ears of Red Russell and Red Winston, but should scare the shit out of the rest of us.

Imagine being a shareholder in Fisher & Paykel (or any other listed company for that matter) and being told by a politician you cannot sell your shares because she thinks it is not in the country's interest for you to do so. 

I don't often swear on the internet, but that's fucking disgraceful.  We can kiss goodbye to capital investment in this country if that is ever introduced.  And if that happens, then say hello to 20% unemployment.

Next they'll be telling us that if you do sell, there will be a comprehensive capital gains tax on the profit.


Psycho Milt said...

We can kiss goodbye to capital investment in this country if that is ever introduced.

I also don't fancy the idea of govt ministers deciding who can buy what, but it's worth noting that Haier's country seems to be doing alright for investment despite having a genuinely "red" govt that regards way more than the investment decisions of its citizens as being at its disposal.

Noel said...

There are enough examples in the immigation area where Ministers have proven to be corrupt with their veto positions.
If they have a habit of feathering their own nest in that portfolio the sky is the limit for the new proposal.

Adolf Fiinkensein said...

Of course the icing on the cake is the fact that if Labour ever gets back into power, Hone Mother Fucker Harawira will be a minister.

Good, eh?

Noel said...

"Mother Fucker" Is that in the same context as "House Nigger"?
If so you had better watch it or Veteran will be making a claim to the Human Rights Commission.

Paulus said...

I woke oup hearing a chuckle - I though Rob Muldoon.

He has just heard that Labour, Greens and Winston want to adopt his policy of controlling the Reserve Bank.

No wonder I heard him chuckle.

The Veteran said...

Noel ... as Hone has already used that term to describe 'us' and as the HRC is clealy a wasted space then I hardly think they would act on a complaint by me (again).

But hold on, perehaps if Hone was to complain they might. Afterall, Hone's brown and Adolf's white and apparently that matters to Joris.

Back to the Post. Is Cunliffe so thick that he doesn't know when to stop digging the hole he has dug for himself or this a 'heads up' to a paradigm shift in Labour thinking back to the good ole socialist mantra of 'nationalisation of the means of production, distribution and exchange'?

Adolf Fiinkensein said...


A minor correction.

Mostly condensed milk with just a couple of chocolate chips. But you are right, not enough for dear Joris.