Steve Joyce is on a tax payer money giveaway rampage

Far from being a careful steward with our money, Joyce is being exposed as a bit of a spendthrift

Taxpayers will pay $1.9 million to bankroll the next two New Zealand Open golf tournaments despite the predicted economic return falling well short of the requirement for such a large investment of public money.

The Major Events Development Fund investment requires a return of $4.50 for each dollar handed out. The 2012 and 2013 golf tournaments, which received taxpayer contributions totalling $1.15 million, returned $2.55 for each dollar received, documents obtained by the Herald under the Official Information Act show.

The projected returns for the 2015 and 2016 events are in a briefing for Minister of Economic Development Steven Joyce.

But the figures have been blacked out in the version given to the Herald. The report does state that the expected returns “are lower than those that would be expected at the requested level of investment”.

Mr Joyce said the projected return was “just one of the things that is taken into consideration”.

Tax payers shouldn’t be propping up rich people.   What is it with the Government and sports like the America’s Cup and the NZ Golf Open?  Both of these attract extremely wealthy players, syndicates, companies and individuals, yet they think nothing of coming to the tax payer money trough and helping themselves.

The general justification is that there is some “economic benefit” to the tax payer that, it is assumed, exceeds the money we put in.  It is also assumed this “economic benefit” comes back to the tax payers rather than the pockets of the event organisers, their sponsors and the players.

What is it with politicians, and more specifically, Steve Joyce, that causes them to hand out the cash even when the final justification – economic benefit – can’t be made?

It’s a rort, and the message should go to Joyce that voters don’t care about the Golf Open.  Not to the point where we put our hard earned taxes behind people that earn more in a month than most of us do in a year.

Let’s be clear here:  just like Sky City, the NZ Gold Open and the America’s Cup are business.  They are in the business of sport, but they are still business receiving tax payer handouts.

Let them set up a Give A Little campaign and see if they can get the money from their audience.

 

– Steve Deane, NZ Herald


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

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