Why I think I will vote No in the referendum

With the looming asset sales referendum I have thought long and hard about it.

Which way should I vote?

The question is:

“Do you support the Government selling up to 49% of Meridian Energy, Mighty River Power, Genesis Power, Solid Energy and Air New Zealand?”

Should I vote No? These would be my reasons for voting against the referendum:

  1. The government should be in the market owning as much as possible and these companies are a good start.
  2. Anything the Greens or Labour says is gospel.
  3. It sends a message to the government even though they won the election campaigning on asset sales and Labour campaigned against.

Or should I vote Yes?

The reason for voting yes would be:

  1. The Greens and Labour are attempting to re-litigate the general election.
  2. Anything the Greens support is loony.
  3. It is a pointless waste of time as the referendum isn’t binding and nor should they ever be.
  4. I agree with the question.

Now those are the two positions…which one to vote for??

I am seriously thinking of voting No.

I’ve thought long and hard about this.

I support asset sales. I think the government has been way too soft in the asset sales agenda. I also don’t agree with the process.

I’d have liked to have seen a similar process to that deployed for the sale of other assets…one where every registered voter gets a parcel of shares and onto the market they go. The carnage and mayhem resulting from that would be spectacular, but it would drop large amounts of cash into the market. Retailers would love it.

Politically though that is untenable. The government is prudently (politically) applying the proceeds to education and health.

So why would I vote no?

Because I actually don’t support the government selling 49% of those companies. I support them selling 100%. You see I can vote No in the referendum without giving support to the Greens and Labour. I can vote No in the referendum and maintain my political and fiscal integrity.

I think we should have a campaign to encourage more people to vote No to the referendum so as many as possible vote for the reason I have outlined and then the government can accurately point out that many people voted no for reasons like mine.

By voting No because you want to see the government actually sell 100% and also more SOEs onto the market it also pollutes the Greens and Labour’s messaging.

So, I think I will be voting No in the referendum and any right thinking, fiscal conservative should be too.

We don’t support the selling of 49% of?Meridian Energy, Mighty River Power, Genesis Power, Solid Energy and Air New Zealand. We support selling much more than that. I especially support dumping all of Solid Energy for whatever we can get for it. This is perhaps the most ludicrous part of the asset sales referendum…the Greens are lobbying for the state to retain a coal mining company. Why?

Vote No to poison the results, vote No because you want more sold and vote No because you can and it doesn’t matter anyway.