Quantitative easing John, that’s how

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 ‘please explain’ the $670 black hole in their plan to nationalise the electricity sector.

“These 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,” Mr Banks said.

“The 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.



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  • Greenies/socialists/retards have never understood the concept that giving to one, means taking from another.

    • Bunswalla

      Au contraire, they understand it perfectly well. They just want to do it the other way around, that’s all.

      • le sphincter

        Which govwernment paid back all the overseas debt.

        Which government spent it again in half the time and never wants to pay it off

  • steve and monique

    TAXPAYERS,thats who

    • Mr_Blobby

      So you take from the TAX Payer and give back to the TAX payer, like a sort of merry go round. Brilliant plan. Only something always goes missing in the form of fees, commissions, consultants, kickbacks and general inefficiency.

      MonKey did something similar with TAX cuts and GST, ACC etc etc etc

    • cows4me

      No just you evil rich pricks.

      • Michael

        So anyone above min wage?

        • cows4me

          Especially them Michael, when these commies are finished with us min wage will be the new super rich.

      • steve and monique

        Whoa,we are a long way from being rich,unless you consider rich average

        • cows4me

          Just having you on.

          • steve and monique

            Cheers,thought you might have been a crazy green on the loose.

  • TomTom

    I think they must be envisaging that it will be similar to the Pharmac model – so that the power companies will compete to sell electricity to NZ Power, and that their only point of differentiation will be the price of electricity. Therefore, the lowest possible prices will be reached.

    THE PROBLEM: there isn’t an excess of power supply. You would need to buy power from ALL of the generators in order to meet demand. Therefore, companies know that they will be getting money one way or another – they can’t miss out on selling electricity.

    Anyways – I always thought the problem was the line charges, since line companies have monopolies on their region. My flat last bill was $250, of which $80 was the line charge.

    • Mr_Blobby

      Answer: close the smelter, problem solved.

      • TomTom

        ….yeah, and everyone in Southland will be really fucking pleased at the lost of a major regional employer. Nice, bro.

        • NotForTurning

          If they all vote Labour, who gives a shit?

    • Karl

      I guess you always thought wrong …
      Back in the old days, soon after the lines/energy split, the lines charge was about 1/2 of the bill. You say yours is now less than a 1/3.
      So the problem is really greedy generators or just that the really cheap Maui gas ran out ….

      • cows4me

        No still heaps of gas here Karl but of course some of it is bad gas obtained by FraCKING, sorry about the swear word.

      • TomTom

        Line charges are not percentages of bills, they’re constant. And back in the old days, household consumption was far less. You didn’t have laptops, TV setups, chargers, microwaves, wi-fi, and possibly not even dryers.

        So, yeah, way to flunk out on your point.

  • sheppy

    I suspect this is all part of Wussells urgent plan to close the evil fossil fuel burning power stations and their evil twins the coal mines. Anyone involved in anything to do with energy had better get those Aussie plane tickets ready.

  • Mr_Blobby

    Your are little bit behind the times Whale. You don’t actually print extra money, 90% is electronic, you just go to the computer keyboard and enter the amount.It really is that easy.

    • le sphincter

      And borrowing it all like a Greek Finance Minister is better.

      Well its all Ok then because Peking Johnny knows where we can get heaps more.

      That reminds me , do think the Chinese government is using ‘earned’ money for its latest $100 billion stimulus. They just tell the state owned banks to lend it

  • Andy

    I wouldn’t worry about this stupid policy.
    If I was a power generator, I tell these idiots to bugger off as I’d tell them that I turn off power generation if they don’t meet my price expectations.
    And furthermore maybe I’d tell Shearer to think carefully about destroying NZ as we maybe start to digging up stuff from his UN past he may not want to have made public
    Money can by anything

    • le sphincter

      In South Korea they have a state owned power buyer .

      Look it up . Korea electric Power Corporation.

      hasnt South Korea done well economically with this arrangement

  • NotForTurning

    Naa – just extra expensive rates for “Rich Pricks” who use too much power…

    (sitting in front of 4 macs & 2 ipads, iPhone, Lumia & all that cool shit)