Monday, January 29, 2018

ONCE THE SPORT OF KINGS ----?



Apparently now just another beneficiary lacking faith and hope reduced to relying on charity.

Does anyone recall the snowflakes melting down when the Key Government saved the embryonic Film industry from crashing and burning because a bunch of unionists wanted to force their moronic view of economics on the still emerging success of Jackson, Campion and Co who by harnessing the kiwi can do, had a booming wealth creation in full bloom.

Weta workshops created stuff most New Zealanders were in total ignorance about until Lord of The Rings emerged.

Clear skies, space,  user friendly conditions of employment, the indomitable kiwi work ethic and free economic environments created a perfect storm of real success that was threatened with  a nuclear  option from NZ unionists in response to pressure from across the Tasman that almost achieved the destruction of something wonderful.  In times when the old primary production wealth creation machine needed a diversity of effort along came the film industry and its joined at the hip tourism to add further options.

Then there was the Tiwai Point Smelter threatened with closure and another cacophony of dissent against job preservation moves that were quickly labeled "Corporate welfare".

Yesterday when the multi million thoroughbred industry commenced its ultimate shop window effort that sees a bunch of entrepreneurs who recognize something a Kiwi industry does well, descend on The Karaka Sales with millions of foreign dosh, the opportunity arose for political big noting that this year fell as an opportunity to the Pin-striped charlatan.
Instead of confining his effort to congratulations and applauding a success story, the little prick made  yet another effort to curry favour with people  he owed bigly.
A freakin "all weather track" to avoid the odd cancellation of race meetings that is part and parcel of our 'island' weather patterns.
At a cost suggested (cough cough cough) of a mere thirty million it must be a bargain.
Not so, it is not mobile,  will probably be within a stone toss of Cambridge and will not be of any assistance to Kumara, Omakau, Wingatui or any one of several barely surviving race tracks around the nation.
How long will it last, Bowling clubs using artificial greens face 'turf' replacement  around every twenty years and they only have sedate pedestrian traffic, not hundreds of horses training and racing.

The morning "news" were suggesting the Sport  industry was facing a crunch of falling income and rising costs, now how did that happen.
Maybe, just maybe, costs are not under sufficient control and income is falling because their "model" is flawed.  To all the muppets and morons out there, that is exactly what every business is forced to confront at all times and they either correct or fold.
Racing is no different and unlike the film industry facing an imminent threat from a bunch of its workers, or a smelter facing an unusual squeeze from demand reduction and cost pressures that came from offshore, racing gallopers, trotters and pacers  has been around since  European settlers arrived. If mismanagement and a lack of support has become a threat then they need to make changes, begging for corporate welfare is only postponing the inevitable and will result in  another dead loss to tax payers who neither care or even show interest.

Many who keep the racing industry afloat as breeders, owners, trainers and the serious numbers who volunteer to staff meetings unpaid on a daily basis will not gain any benefit from a white elephant in the Waikato yet their Industry sport participation is either unpaid or at the very least heavily subsidised from their own pocket and could hardly be further removed from the glamour billion dollar showtime where The Dwarf was given his opportunity to stand on his two soap boxes.

The sport of kings has reduced to the sport of beneficiaries, not that they would see that.

13 comments:

Anonymous said...

Fake news...it is being CONSIDERED.......NATIONAL think it's a good idea......POSSIBLE ways of financing are being CONSIDERED....let loose the alt right dogs of war because it might involve a Govt investment.

Given NZs love of gambling that is an investment that I would like to be in. The returns will high and on time.

Lord Egbut

Anonymous said...

Govt investment!?!

You mean the sweat of my work. I suppose the only saving grace it is least it isn't going to some sort of maori treaty scam.

Anonymous said...

Anon 11.54 You really do not know how the world works do you?..... The Govt. invested in the Lyttelton tunnel and abolished the toll when it was paid off, the Government has money invested in all sorts of projects, some paid back some didn't. It can be considered a business risk just like proper capitalists do with casinos....thought you would be pleased?

Lord Egbut

gravedodger said...

Err no Mr But, the cost of staffing the toll booths at Heathcote made the result a negative, had 21st century scanning been available the regime wold be still running today.
Evans Pass, the steep winding road then available out of Sumner as the alternate sop to those with little option in seeking to avoid the imposition remains closed from rockfalls seven years on.

gravedodger said...

Oh and in response to your clear delight in welfare or any type, if it is such a great investment can you explain why compulsory taxpayer involvement is needed.

Anonymous said...

Dodger....when the tolls were canned it was 20c a car. Do you not think they could have put it up to 30c?? Tunnel was paid for and the people knew it.

Lord Egbut

Anonymous said...

Re: Investment, read my post........you are just speculating in order to create discord.

Lord Egbut

gravedodger said...

Mr But it is a rare day when a tax introduced to make funding for a government brainfart palatable, reaches a moving goalpost target for the impost, and then for it to be discontinued.
I recall discussion in the seventies when the funding from tolls became challenged with it to be used as a revenue model with higher rates by some lovers of spending OPMs to follow your flawed notion to finance other 'nice to haves'. By then Pickerings folly in the now gonburger Q E ll stadium for Comonwealth games 1974 was still a drain on rates.
Those forced to use the link were so lucky that the scanning technology was some decades away, or the muppets who run the peoples republic would be still milking it.
Taking the absurdly cheap toll many would see the 25c to be pales somewhat for todays reality would have the impost well over $7 a trip. The Tauranga expressway is round two dollars.
Now go and wipe your chin you have been dribbling.

You do believe everyone else is stupid and you are the truth but too often you just talk baloney. The tolls were discontinued in 1979 when the collection costs took the funding option to negative territory. The projected payoff date planned back in the delivery year 1964 was this current year 2018, 52 years after Fletchers and Kaisers handed it to the National network.
The toll introduced at Half a Crown in 1964 was actually 25cents in converted currency but to one earning in the region of twenty pounds a week someone living in the Port Borough working six days in the city could see up to a quid going to the toll booth, as a significant cost.
Your flippant regard for your wrong quoted "facts" @ 20c was just bull excrement based fertilizer.

Adolf Fiinkensein said...

GD, Ledgut specialises in bull excrement base fertiliser.'

Anonymous said...

A 20 cent toll levied to use the tunnel was abolished by the Christchurch-Lyttelton Road Tunnel Authority Dissolution Act 1978, which became effective on 1 April 1979.
(NZ Transport Authority).

In the 15 years of tolls the turnover was about $90,000,000....it cost $2,700,000 to build. It was way ahead of the projected payback schedule of 54 years.

Try and simplify your argument Dodger and not get bogged down by personal reminisce.

Lord Egbut

Paranormal said...

Eggbut - that sounds like BS. Can you prove your figures?

For the tolls to have earned $90,000,000 over 15 years, that has to mean over 82,000 vehicles through the tunnel every day of the week including holidays.

At a time when this equated to a third of the local population using the tunnel every day, that sounds like some more made up stats.

The Veteran said...

Hmmmmm ... corporate welfare (Tiwai Point) when National does it is to be ridiculed. Corporate welfare (Racing) per courtesy of Labour/NZ First is to applauded. A certain inconsistency there.

Could someone please explain to me how an all-weather track in the Waikato (cheap at a mere $10m cough/splutter) is supposed to pick up the pieces when a race day in say Wyndham is cancelled because of inclement weather.

Anonymous said...

Para......Quite right, lost my reading glasses. They take about $750,000 a year multiplied by 15 is $10,950,000. I have not included heavy goods vehicles which make up 13% of the traffic and pay a lot extra.....still paid for the construction, running costs and any interest.

Thanks for keeping me honest..

Lord Egbut