Rodney Hide has written a much better columns for the NBR than the silly one in the Herald about trains. He begins with the prescription for ending poverty:
Ending poverty is easy: abolish income tax, remove all controls onÂ foreign investment, eliminate welfare, get rid of the minimum wage andÂ make employing someone simple contract law, i.e. no employmentÂ legislation, no Employment Court and no personal grievances.
The country would boom and there would be jobs for Africa.
Productivity would go through the roof.
Wages would skyrocket.
The majority of Parliamentarians know thatâs true.
But they donât doÂ anything positive to assist the poor or to reverse New ZealandâsÂ relative economic decline. Aaah, they explain, politics.
I could never figure out what that meant.Â I was missing something.Â And I spent a great deal of time finding out what it was.
Itâs this: thereâs no cause-and-effect thinking in politics.
Deducing policy consequences requires a chain of reasoning thatÂ political reporters and most voters canât be bothered with.Â ItâsÂ requires thought and itâs hard.Â I forgive the voters.Â Their voteÂ wonât make a difference to the world.Â So why waste time thinkingÂ about policy impacts?