looters’ bonus

Another looters’ bonus

Written By: James Henderson
Date published: - 26 comments

John Key’s grasp of his own asset sales policy is being revealed to be shakier by the day. He doesn’t know how it would hurt the government books. He flips his position on water rights each day. He doesn’t know how much a looters’ bonus of free shares would cost. And, yesterday, he didn’t even realise that $56m is budgeted to cover sharebrokers’ fees for the looters.

Fiscal responsibility

Written By: James Henderson
Date published: - 86 comments

John Key doesn’t want to go ahead with plain packaging of cigarettes. The cancer sellers would sue. It could cost a few million to beat them in the international courts (me, I would just create a law of corporate homicide and nationalise their NZ assets). Key baulks at the cost, the risk. But something in the hundreds of millions for free shares to looters? Key reckons that’s a great investment.