16 How much better to get wisdom than gold, and good judgment than silver!
Very good advice for John Key when it comes to asset sales.
Asset sales (49%) will be great for NZ. If the only reason is the if labour ever get in again they won’t be able to use the electricity prices as a psuedo tax. The prices rose 70% in 9 years of labour, compounded that is twice the rate of inflation. Under national they have risen equal to the rate of inflation and with sale taking reinvestment into account are on (at most) predicted to rise 1% about the rate of inflation.
Also the govt. gets a return on the CASH it gets from the sale!!!! Evening out the equation.
Along with the company tax it will charge on the 49% now privately owned.
Are you admitting that John Key is lying when he says ordinary Kiwis will be able to buy the shares?