Stuart Nash has written a piece on Michelle Boag’s plans to nick the AECT funds to gift to Len Brown for his train set.
It is on a little read hate speech blog run by Wrongly Wrongson, the blogger formerly known as Martyn Martin Bradbury, and so deserves wider attention.
Move forward to 2014, and John Collinge is at it once again.¬† Collinge, backed by another former National party president Michelle Boag, and helped by Auckland EMA CEO Kim Campbell, is trying to gather support for a scheme that would steal the shares off the people of Auckland for good.
Their miserable plan, as I have been led to believe, involves pressuring the National government to introduce legislation that would allow the shares, worth around $2.1b, to be nationalised, and then gifted back to the Auckland City Council for them to sell ‚Äď to the people of Auckland and overseas buyers.
Let‚Äôs put this into perspective.¬† This year the AECT returned a $335 dividend to all shareholders (75.1% of whom are the people of Auckland). This is a most welcome bonus to many who are currently struggling with the extremely high costs of living in Auckland.
Vector is an incredibly progressive and innovative company and so this dividend is only going to grow.¬† Why sell it?¬† This is about ideology ‚Äď and a massive disconnect by some wealthy individuals who simply have absolutely no idea at all how important $335 is to a huge number of Auckland families.¬† Read more »