Larry laughs loudly at ?Lefty Lunacy!?

Larry Williams laughs loudly at the lunacy of the Labour party and their open musing about a multi-billion dollar bribe to?the?electorate.

Labour is looking at a scheme that looks close to lunacy – a “universal basic income”.

Every legal resident in New Zealand would be entitled to a basic monthly income – $200 a week or $11,000 a year.

The money has to come from somewhere so it’s the “rich pricks” who already pay the vast bulk of tax that will get hit again. It’s also likely middle New Zealand will also pay higher taxes.

The plan is inherent on an increase in tax.

No surprise that the socialist Green Party is on the same page as Labour. ?

This is another example of Labour lurching further to the left and leaving the mainstream behind. It will end in another disaster for Labour. Such a policy will be welcomed by socialists but not where most of the votes sit – middle New Zealand.

It looks like a “tricky dicky” deal that would be incredibly inefficient, hugely expensive while discouraging work.

If we did have a “universal basic income” does anybody imagine other welfare payments will be scrapped? Grant Robertson, Labour’s finance spokesman, says that existing welfare benefits will be replaced except for “supplementary transfers for disadvantaged groups”. That says to me, Labour intends to continue paying billions in welfare over and above the “universal basic income”.

The cost, which is kind of important in this debate, would be horrendous. We have around 3.5 million people over 18 which at $11,000 per person equates to around $40 billion. Currently Vote Social Development (benefits) is costing nearly $20 billion. The maths don’t add up.

It will never add up.

I can’t wait for the Finance Ministers’ debate (I know, we don’t have one, but this election it could be entertaining) where Bill English brays at Grant Robertson, “Show me the money.”

This sort of irresponsible kite-flying by Labour just proves that Labour are still unfit for office.

I can’t wait for Robbo to explain to voters that it is fair that Mark Hotchin, Sir Robert Jones, Eric Watson and Michael Fay, and all the lawyers who are members of the Northern Club, will get a universal basic income.

 

– NZ Herald

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