Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

The best the Minister for Economic Development, Steven Joyce, could do in response to my recent report on corporate welfare was nit-picking. Joyce said my definition of corporate welfare was flawed and that spending on R&D will grow the economy. He said “To brand things like tourism promotion and building cycle-ways as corporate welfare is, …

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My latest corporate welfare report is out at the Taxpayers Union website. The company tax could be 6 percentage points lower but for this generosity of politicians picking winners. Source: New Zealand Budget Papers, various years. It is not as bad as you think under the last Labour  government budget. $700 million of  those hand-outs …

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Electric cars have joined the long list of mendicant mendicant businesses that have been backed by the New Zealand government of late. Picking winners again. The payrolls of entire government departments in New Zealand are not enough to hire a single successful hedge fund manager to pick winners for their political masters. To get on …

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