Hipkins says no to money for schools

The Overseas Investment Office has approved an application from an overseas investor to buy 19 hectares of prime New Zealand land outside Arrowtown for $2.7 million and a donation of $100,000 towards iPads for the Decile 10 Wakatipu High School.

Needless to say the Labour Party is hopping mad.

unnamed-1Chris Hipkins says;

“Apparently donating to local schools makes overseas investors eligible to purchase sensitive NZ land. Is this what we’ve come to now, our schools relying on wealthy overseas benefactors to get kids the support they need for their education? Forget becoming tenants in our own land, we currently seem to be striving for an even lesser status…!”

Actually this seems like a great idea. The Kiwi vendor is now $2.7 million richer, the purchaser has what they wanted and a Decile 10 school has some much needed assistance.

Maybe instead of stamping his feet and suggesting it is the government’s responsibility to buy every child an iPad (is that what he is really saying?), this could actually become good practice.

$100,000 is 3.7% of $2.7 million. In March this year the Overseas Investment Office approved approximately $556.4 million in overseas investment. The actual figure will be higher than this because a fair proportion of the values are withheld under the Official Information Act. But let’s just take this very conservative figure then and take 3.7% of it. That is $20.58 million.

Imagine if every investor acted like the one in Arrowtown and invested 3.7% of their purchase in local education to help the application through the OIO. That would be $20-30 million every month going into local schools.

But no! Chris Hipkins thinks this is the government’s fault. Blame John Key, the right-wing hegemony, poor funding and dirty [Singaporean in this case] foreigners.

No wonder Labour is struggling for money when they don’t know how to accept a well-meaning donation.

All they know to do is say “no”.

 

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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.  And 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 that takes no prisoners.

He is fearless in his pursuit of a story.

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

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