Wellington City Council builds inner city children’s sandpit next to red-stickered buildings marked for collapse in next earthquake
07 Nov 2014 Leave a comment
in economics of bureaucracy, health and safety, politics - New Zealand, Public Choice Tags: economics of natural disasters, expressive voting, health and safety, Taxpayers Union, Wellington City Council
My New Report on Corporate Welfare in New Zealand
10 Oct 2014 Leave a comment
in politics - New Zealand, rentseeking Tags: corporate welfare, New Zealand, rent seeking, Taxpayers Union
The Taxpayers’ Union today launched my report, Monopoly Money, which examines the cost and case for New Zealand’s extensive corporate welfare programmes.
Figure 1: Corporate welfare, Budgets 2008/09 to 2014/15
My report, which examines the cost of corporate welfare examines government spending since the 2007/2008 budget, shows:
- Since National took office, corporate welfare has cost taxpayers $1-1.4 billion ($600 – $800 per household) per year
- If corporate welfare was abolished, enough money would be saved to reduce the corporate tax rate from 28% to 22.5%
- If applied to personal income tax rates, the saving would allow the 30% and 33% income tax rates to be lowered to 29%
Figure 2: Corporate welfare, Budgets 2008/09 to 2014/15 by Vote
Figure 3: Distribution of total corporate welfare across votes, 2008/09 to 2014/15
Utopia, you are standing in it! 
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