Category: Economic Issues
The Marine and Coastal Area Act is flawed in many respects, but especially in its failure to define a critical legal test. As it stands, unless the law is amended, it will be Judges rather than Parliament that determines whether Maori interests will own some of the coastal marine area or most of it.
Under the guise of ‘compassion’, the agenda is all too easily captured by vested interest groups that are promoting welfare policies that will increase dependency on the state, rather than reducing it.
As you and your family head off to the coast this summer, you might want to consider how long it will be before Maori tribal groups are dictating access rights to your favourite beach. Few holidaymakers will realise that ownership of the beach they are visiting is under claim.
Prime Minister Jacinda Ardern has promised to address New Zealand’s flagging productivity growth. According to the Productivity Commission, the country is being held back by our persistently weak labour productivity growth, which was the fourth lowest of all OECD countries between 1995 and 2014.
The government says it want to increase the export orientation of the New Zealand economy. Early in their term of office, the previous government adopted an explicit numerical target for lifting exports (as a share of GDP). Unfortunately, no progress was made towards it.
Winston Peters, the 2017 General Election ‘Kingmaker’, is yet to choose New Zealand’s new government. The widespread speculation that the coalition negotiating window set by New Zealand First was too tight, has turned out to be correct.
The Trump administration released a thumbnail sketch last week of its much anticipated tax plan, which has generated opposition and support from all the usual suspects.
This week’s newsletter is being sent out as the polling booths for the 2017 General Election are closing. Since we may not know the final shape of our new Government for a while, let’s look at what needs to happen before the 52nd Parliament can begin operating