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Meridian sale panic

Written By: - Date published: 7:46 am, July 5th, 2013 - 46 comments
Categories: infrastructure, national, Privatisation - Tags: , ,

The Nats must be panicking about the prospects for the sale of Meridian – because they’re resorting to extraordinary tactics:

Incentive scheme could be offered for Meridian Energy sale

Radical incentives could be offered to those wanting a stake in the next State Owned Enterprise for sale under the Government’s asset sales programme.

ONE News has learned that shares in Meridian Energy could be paid for installments, effectively amounting to an interest-free loan. …

Bribing already wealthy investors with free money, how very – National. But with Mighty River Power shares well down on their opening price they may still have their work cut out for them…

Why not (ht toad) – just Keep Our Assets?

46 comments on “Meridian sale panic ”

  1. Winston Smith 1

    Another winner of a proposal by National, now lets compare it to Labours latest proposal… (sorry I know its a bit mean picking on Labour when they’re down)

    • One Anonymous Knucklehead 1.1

      Yeah, bad timing for this to come out now: just when National looked like getting some “too-PC” traction against Labour, they go and offer election bribes to 2% of the population. The funny thing is you seem to think that’s a vote winner.

      • Winston Smith 1.1.1

        Of course its a winner and finally National learnt from Labour about the importance of bribes (it took them long enough though)

        • One Anonymous Knucklehead 1.1.1.1

          Keep telling yourself that.

        • Lanthanide 1.1.1.2

          Yeah, ’cause the tax cuts north of $50 a week, that they never delivered, weren’t a bribe.

          That was 2008. Maybe you weren’t paying attention all that time.

    • Suitably Clueless 1.2

      How is this a winner? Now my public asset is being sold to ‘mum and dad’ investors and now they are being bribed with our tax dollars. You’re lack of objectivity is as startling as Patrick Gowers.

      • Winston Smith 1.2.1

        and being sold to me as well 🙂

        • Polish Pride 1.2.1.1

          You’d have to be an idiot to buy shares. Cost of Alternative energy continues to get cheaper and cheaper. It just isn’t a good investment.

          • Winston Smith 1.2.1.1.1

            Lol

            Wind power couldn’t be run without subsidies but thanks for the financial advice I’ll give it due consideration and then stick with hydro generation

            But thanks anyway

            • Polish Pride 1.2.1.1.1.1

              its not wind power. Run the numbers on personal Solar vs putting the money in the bank. As solar continues to become more affordable more and more will go off grid and grid tied. So you are investing in a company that will have a shrinking customer base. But then hey, Its your money 😉

            • Polish Pride 1.2.1.1.1.2

              its not wind power. Run the numbers on personal Solar vs putting the money in the bank. As solar continues to become more affordable more and more will go off grid and grid tied. So you are investing in a company that will have a shrinking customer base. But then hey, Its your money 😉

          • Melb 1.2.1.1.2

            Wouldn’t that make it better for the Govt to divest itself of such dead technologies then?

          • Zaphod Beeblebrox 1.2.1.1.3

            Don’t see why nobody in the media actually get this. The price of solar generation is plummeting and NZ has a ridiculously cumbersome and expensive delivery system for power. As power prices go up and we invest in more and more efficient appliances and houses the only thing propping up the large increasingly expensive sources of remote generation will be governments who need to appease private shareholders in these white elephant companies. Demand for power is falling not increasing in Australia, same thing is going to happen in NZ.

    • tracey 1.3

      So you agree now is the time for the Government to be giving money away… when everyone else is tightening their belts.

    • paul andersen 1.4

      you misspelled weiner, a word you especially should know the spelling and meaning of.

  2. AmaKiwi 2

    Meridian has door-to-door sales people in my neighborhood signing up customers so they can show increased sales. They are offering substantially lower power prices (compared to Genesis), a $250 rebate after 3 months, BUT, you can’t leave the scheme until after March 2015, by which time Meridian should have been sold off.

    • Chris 2.1

      Meridian has been doing this for a few years now. I’ve had a number of their salesman come to my door and refuse to leave until I actually shut the door in their face. Never had such a hard sell in my life.

      Edit – always wondered how effective this tactic is (i.e. how many people do they sign up as opposed to people like me who would never even think of using them because of the people they have sent to my door.

      • Rogue Trooper 2.1.1

        well, we have a “Beware Dog / s” notification to cold-callers.

        • AmaKiwi 2.1.1.1

          A farmer neighbor of mine had a sign: “Every third salesman gets shot. The second one just left.”

  3. Descendant Of Sssmith 3

    So the bribing has already started before the sale.

    Presumably next round the next power company owned by the state on the block will do something similar.

    Still at least mum and dad investors can actually make (save) some money from the $250 rebate.

    Be a bit of a shame if they were all MRP customers though. Those dividends and share prices might not be looking so good.

    Be interesting whether there’s been any govt interference in this? Is for instance this offer being made across the country or just targeting curtains parts and what the rationale is for that.

  4. fender 4

    Like I said yesterday, this is just bribery.

    Will those without a deposit still be able to take advantage of this interest free hire purchase?

    • Rogue Trooper 4.1

      Yep. Interest free loans to gamble.

      • fender 4.1.1

        “Gamble”

        Exactly what I think when I hear the “news” on how the “markets” have performed, and I’m left wondering where are the results for the horse races.

        Some gambling is given the respectable name known as “investing”. Investing sounds so much more noble.

        • Winston Smith 4.1.1.1

          Cool, I was going to buy some but instead I’ll take advantage of the interest free loan 🙂

          • Descendant Of Sssmith 4.1.1.1.1

            Hopefully everyone on a benefit will be able to get an interest free advance to buy their shares.

            If it’s good for those with money, if it’s really important to the country all New Zealanders participate and it it’s key to the countries economic prosperity then all beneficiaries should be able to be part of it as well.

          • fender 4.1.1.1.2

            Taking advantage, at someone else’s expense is what you rightwing creeps do best.

            • Winston Smith 4.1.1.1.2.1

              Sounds like left wing policy to me 🙂

              • fender

                You were the one who said:

                “Cool, I was going to buy some but instead I’ll take advantage of the interest free loan”

                It’s your policy you fool. It’s a waste of time talking with you obviously, you are only better than Brett Dale because you can spell better than that fool, but you are both insane in the membrane.

                • Winston Smith

                  I’ll explain then shall I?

                  “Sounds like left wing policy to me”

                  – See that was in reference to your comment of: “Taking advantage, at someone else’s expense is what you rightwing creeps do best”

                  Left wing policy is all about taxing people who work harder and earn more and giving it to people who earn less.

                  Thats what I was referring to.

                  Another example would be when labour introduced its election bribe of WFF it benefitted a lot of people but a lot of people got no benefit (such as myself) from it even though we all paid for it.

                  Now National is offering an election bribe and I can benefit from it. 🙂

                  And nice reference from 1993, good to see lefties are up to date and current

                  • Descendant Of Sssmith

                    You like most righties confuse “work harder” with “earn more”.

                    They are not anywhere near the same thing and many people don’t even work to earn.

                    Paying less tax because you work harder would revolutionise the tax system. Cleaners and plumbers would pay less and landlords and shareholders would pay more. Banks and Apple would pay much much more.

                  • One Anonymous Knucklehead

                    So, you earn more if you work harder, do you? Like nurses. Or coal-miners, for example.

                    You’re delusional. Productivity up, wages down.

                    • Descendant Of Sssmith

                      Yep apparently Google works harder and we take lots and lots of tax off them…….
                      http://www.nbr.co.nz/article/google-stacks-jobs-new-zealand-service-centre-online-ad-sales-grow-bd-139780

                      And apple works itself down to it’s core. That’s all that’s left once the taxman makes his cut…….

                      http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10873068

                      It’s bloody hard work making those digital copies!

                      And despite lowering taxes to make it easier to do business and to create jobs we find businesses doing this:

                      http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10602135

                    • Winston Smith

                      Personaly speaking I earn more now then I ever have in my life, I also have more responsibility, had more training and my job is now harder.

                      Which means I earn more but work harder for it.

                    • Descendant Of Sssmith

                      I work harder and earn more than I ever have as well.

                      I don’t however begrudge paying tax for welfare and am well aware that the people at the bottom needed the money that was given to me in tax cuts more than I needed it.

                      I also recognise that I’m fortunate in many ways to have a good brain and a decent paying job that requires my skills and well aware it’s only a fall or a car accident away from not being in that position. Either of the two times I’ve been hit from behind by a car while biking for instance could have left me a permanent invalid.

                      Dint of genetics and good luck and opportunity play a significant part in my circumstances. Hard work and discipline builds on that but the first three things play a significant role as well. As did being born in the sixties when there were when I entered the work force jobs for everyone that was remotely able and a commitment by government to a welfare system with little moralising.

                      And yep we paid more tax for it.

                      Now we pay less tax but moan much much more about paying it.

                      Why because in paying less tax we have deluded ourselves that we were getting pay increases. We sacrificed decent pay rates for tax cuts and let corporate business in particular take more and more profit.

                      The biggest change in this country has been the movement of wages into profit.

                      From 70% of GDP in wages to 30% is a dramatic change. Those who benefit the most from such a change are the owners of the businesses whom can never have enough. The corporate model stifles competition and small business suffers because the wage earners have less to spend. Hoarding money (accumulating wealth) does the country little good.

                    • Colonial Viper

                      “Why because in paying less tax we have deluded ourselves that we were getting pay increases. We sacrificed decent pay rates for tax cuts and let corporate business in particular take more and more profit.”

                      Spot on.

                    • Draco T Bastard

                      Those who benefit the most from such a change are the owners of the businesses whom can never have enough.

                      Reminds me of what I said here:

                      See, if we follow the logic that presently applies there would be no tax take as all expenses would be tax deductible. This brings up the question: Why are there tax deductions at all? The answer would seem to be in who gets the tax deductions and that’s a class of people which happens to be a minority – the bosses.

                      Our entire socio-economic system is designed to enrich a few people at everyone else’s expense.

                  • fender

                    Only a fool would think a “left-wing policy” for the 2% is still a left-wing policy.

                    Descendant Of Sssmith points out the gaping hole in your reasoning.

    • Rogue Trooper 5.1

      Robert Wiedemer : ‘America’s Bubble Economy’, now the sequel follow-up ‘Aftershock’.
      (” various online networks have repeatedly shut down”, his video interview). Some interesting corresponding commentary on Zero Hedge, QE 4- 99, for example.

  5. Keep going Key, more and more Kiwis are waking up to your smug belligerence, you have no policy or desire to help the underprivileged. All is done for your corporate mates and your own selfish interests.

    When the power companies are in private hands and prices continue to rise, you will be off somewhere without a care while an ever increasing population of down trodden New Zealanders struggle to pay their power bill and keep their families warm.

    SHAME JOHN KEY SHAME!!!!!!!!

  6. Appleboy 7

    Winston – are you really that fucking ignorant or just plain greedy both?

    Here’s the thing. 5% of kiwis earn over $100K. and 1% earn incomprendably more than that. In your world, anyone who doesn’t earn a comfortable wage is lazy and/or a bludger.

    Well WINSTON – it isn’t possible for everyone or even the majority to earn the big bucks. There isn’t enough jobs paying that in any society, including new Zealand in case you hadn’t noticed.

    So, you greedy Nat/ACT types do well, while the majority just get by or struggle , and struggle even more whenever there is a right wing government in place.

    You greedy prick – you begrudge the average kiwi doing Ok because of your greedy worldview.

    You and your types make me sick and you’ll never get it, you’ll never get it, how greedy and utterly lacking in empathy for anyone outside of your little rightwhinge wankers bubble.

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  • Thanksgiving advice, 2021: How to deal with climate change-denying Uncle Pete
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  • Gordon Campbell on the demotion of Simon Bridges
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    6 days ago
  • NZ Politics Daily: 25 November 2021
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    Democracy ProjectBy bryce.edwards
    6 days ago
  • The bizarre case of the Royal Society investigating academics defending science
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    RedlineBy Admin
    7 days ago
  • Ian Powell: Unionism and nursing in New Zealand
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    Democracy ProjectBy bryce.edwards
    1 week ago
  • Bryce Edwards: Today’s constitutional disgrace in Parliament
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    1 week ago
  • Vaping needs much tighter regulation as we approach Smokefree Aotearoa 2025: Two new studies
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    1 week ago
  • Strange Defeat: A Guest Post By Dr. Chris Harris.
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  • More than 147km – the transformative potential of the Wellington bike network plan
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    1 week ago
  • NZ Politics Daily: 24 November 2021
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    1 week ago
  • Climate Change: Taking us for a ride
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Climate Change: An industry in denial
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    No Right TurnBy Idiot/Savant
    1 week ago
  • The “most open and transparent government ever” again
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Gordon Campbell on farmers playing the victim, plus Chile’s right turn
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  • Important People
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  • Parliament, the Courts and the end of three strikes (for now)
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    PunditBy Andrew Geddis
    1 week ago
  • NZ Politics Daily: 23 November 2021
    Today’s NZPD testimonial from Martyn Bradbury, Editor, The Daily Blog “’NZ Politics Daily’ is one of the most important news and political resources run in New Zealand. The expert collation of opinion and news makes it an invaluable day to day resource as well as an incredible treasure for researchers in the future. ...
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  • New Zealand’s Emission Reduction Plan
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    SciBlogsBy Guest Author
    1 week ago
  • Dissing The Farmers.
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  • How will carbon pricing impact inflation?
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  • (Lack of) Public Service Announcement: The National Library of New Zealand, Internet Archive, and Al...
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    1 week ago
  • Game over for the HRPP
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Chinese influence and American hate diffusion.
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    KiwipoliticoBy Pablo
    1 week ago
  • Good riddance
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    No Right TurnBy Idiot/Savant
    1 week ago
  • The Real Interests Of The Country.
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  • NZ Politics Daily: 22 November 2021
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    1 week ago
  • Free speech is a people’s frank confession to itself
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    RedlineBy Admin
    1 week ago

  • New Zealand Response to assist peace and stability in Solomon Islands
    The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.  “We are deeply concerned by the recent ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Continued growth in volume of new home consents
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    BeehiveBy beehive.govt.nz
    7 hours ago
  • Saddle up for summer with cycle trail funding
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    BeehiveBy beehive.govt.nz
    8 hours ago
  • New Zealand provides additional funding to COVAX for vaccine delivery
    Foreign Affairs Minister Nanaia Mahuta today announced additional funding will be provided to COVAX to support vaccine delivery in developing countries. “New Zealand remains cognisant of the dangers of COVID-19, especially as new variants continue to emerge. No one is safe from this virus until we all are and this ...
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    9 hours ago
  • COVID-19 Community fund providing support for 160 organisations focused on women and girls
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    10 hours ago
  • Government delivers reactivation package as Aucklanders reconnect for summer
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    11 hours ago
  • Mobile services and broadband come to Chatham Islands for first time
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  • Crown accounts reflect strong economy amid pandemic
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    12 hours ago
  • Applications open for new 2021 Resident Visa
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    17 hours ago
  • More Vietnam Veterans to receive compensation for Agent Orange Exposure
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    1 day ago
  • Government commits to international effort to ban and regulate killer robots
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    1 day ago
  • New freedom camping rules – right vehicle, right place
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  • Government invests to support a classic Kiwi summer
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  • Grace period for expired driver licences cruises into 2022
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  • Delivered: 1,000 extra transitional homes
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  • Traffic light levels announced
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    2 days ago
  • Financial support to move to traffic light system
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  • New Ambassador to Russia announced
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    2 days ago
  • New Permanent Representative to the UN announced
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    2 days ago
  • Further COVID-19 economic support for Cook Islands and Fiji announced
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    3 days ago
  • New law will clear the air for tamariki in vehicles
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    3 days ago
  • Nine countries designated very high risk
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    4 days ago
  • Foreign Affairs Minister concludes final stage of world trip
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    4 days ago
  • Milestone launch of Pacific Languages Unit
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  • Public Health Lecture – University of Otago
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    5 days ago
  • New Zealand statement on situation in Honiara, Solomon Islands
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    5 days ago
  • Nailed it! Over 500 apprentices get jobs boost
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    5 days ago
  • Investment to support maternal mental health
    Associate Minister of Health Dr Ayesha Verrall has announced an investment to help expand maternal mental health services in five District Health Boards. “Supporting parent’s mental wellbeing during their child’s first 1000 days, from conception to two years of age, is critical to the long-term emotional, mental and physical wellbeing ...
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    5 days ago
  • Workplace vaccination requirements extended to cover Police and NZ Defence Force
    With the support of the organisations, additional vaccination requirements will cover sworn members, recruits and authorised officers of the New Zealand Police, and all New Zealand Defence Force staff. First doses of the vaccine for workers in these organisations are required by 17 January 2022, and second doses by 1 ...
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    5 days ago
  • Aotearoa New Zealand and Canada to pursue greater Indigenous collaboration
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    6 days ago
  • Māori vaccination rates reach 80% first dose
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    6 days ago
  • Subsequent Children legislation to change
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    6 days ago
  • Security Information in Proceedings Legislation Bill introduced to Parliament
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    6 days ago
  • Shortcomings revealed in power cut investigation
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  • COVID-19 Protection Framework supported by new testing and contact tracing strategy
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    6 days ago
  • Supporting New Zealanders to recover from COVID-19 in the community
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  • Additional support for people isolating at home
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    6 days ago
  • Tax bill provides vital support for families
    A boost to Working for Families tax credits, as part of a package of financial support that will see 346,000 families better off, has been passed into law late last night.  Revenue Minister David Parker said the measures would lift the incomes of those receiving the Family Tax Credit, the ...
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    7 days ago
  • New text service to support disabled peoples’ vaccinations
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  • Proactive Calendar Release – October 2021
    ...
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