John banks wants to know where the $670 million dollars are going to come from to pay for the Green/Labour Kiwi-Power plan. ¬†The answer is simple. ¬†Russel Norman will be manning the money printing press on Day One and he won’t stop until everything is paid for.
ACT Leader John Banks today called on the Labour and Green parties to ‚Äėplease explain‚Äô the $670 black hole in their plan to nationalise the electricity sector.
‚ÄúThese parties claim their plan will reduce household electricity bills by up to $750 million a year. But there is no such thing as a free lunch.¬† That money must come from somewhere and someone must be worse off,‚ÄĚ Mr Banks said.
‚ÄúThe Greens state their policy will only cost the Government (i.e. taxpayers) $80 million a year.¬† So where is the other $670 million a year coming from?
When costing policy, Greens and Labour have never reached for the calculator.