Category: Economic Issues
A Bill that is currently in front of Parliament will have serious implications for the future of our economy if passed in its present form. Unfortunately few understand the magnitude of what is being proposed and to date it has attracted little attention.
The government's Zero Carbon Bill will lead to an increase in global emissions, higher electricity prices and do serious damage to many of our efficient and productive industries. The poor will suffer most.
The Budget reveals that under the stewardship of Jacinda Ardern’s Government, New Zealand’s economic growth has fallen from 3.2 percent last year to 2.4 percent this year. Treasury attributes this to a drop in migration and a collapse in business investment growth from 6.8 percent last year to 0.7 percent this year.
Labour promised something special, but Budget 2019 delivered something quite ordinary. Those who believe governments should foster a vibrant economy will find nothing of real substance to applaud, while those who have been promised a transformational change in social policy will be left feeling they have been short-changed.
The ‘elites’ in Labour and the Greens have captured the agenda, attacking free speech, advancing race-based privilege, and prioritising identity politics, alienating middle of the road voters in the process.
More broadly, the modern progressive left has lost touch with the fact that what ordinary people want from their government is a spirit of respect, dignity and hope for the future.
The danger is that hate speech restrictions will be the thin end of the wedge, and will escalate from addressing extremism to criminalising speech that socialists like our Prime Minister and her parties think is objectionable.
In the bargaining of the Paris summit, the tech companies have agreed in effect to act as the agents of the governments in delivering their political objectives of countering “violent extremist narratives” and engaging in “the fight against inequality.”
It is deeply concerning that our PM has taken on the role of international cheerleader for the climate change movement. With the support of the UN, she is determined to see New Zealand leading the world in climate restrictions.
If enacted, the Bill will certainly crown Ms Ardern and Mr Shaw as the undisputed world leaders of the long-sought climate revolution. They will be feted and applauded at UN-sponsored conferences in every corner of the globe
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