Nats back down from ACC privatisation why not asset sales?

16 comments on “Nats back down from ACC privatisation why not asset sales? ”

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1. Bill 1

   16 March 2012 at 11:10 am

   The two are not the same thing. If ACC had been privatised, private entities simply couldn’t have made money. And that’s not the case with asset sales.
2. vto 2

   16 March 2012 at 11:16 am

   ha ha, the case for privatising acc had not been made.

   The case for selling these assets has not been made.

   The case for selling land to foreigners has not been made.

   The nats are bleeding left, right and centre.

   I guess that is what happens when your arguments simply don’t stack up, or rather, you have no brains.
   • Matt 2.1

     16 March 2012 at 2:51 pm

     “I guess that is what happens when your arguments simply don’t stack up, or rather, you have no brains.”

     And don’t forget no soul.
3. Roger 3

   16 March 2012 at 12:02 pm

   “If it’s politically untenable for ACC, it’s untenable for power companies.”

   Economically untenable also if prices will go up in both cases. Strange considering that the private sector is supposed to be more efficient and the free market plus competition is supposed to bring the best outcomes. I’m feeling glad that atleast these tories seem to have some semblance of intelligence or conscience.
4. Pascal's bookie 4

   16 March 2012 at 1:51 pm

   NBR has a wrinkle on the ACC story today, saying that Judith Collins is ‘livid’ with Nick Smith for lowering ACC levies before the election.

   Not because the levies are now too low of course, but because if he hadn’t lowered them then it might have been possible to make their damn fool scheme work.
   • Lanthanide 4.1

     16 March 2012 at 2:54 pm

     Yes, that was my feeling on the face of it, too. Why announce you’re dropping levies if you might have to raise them back up again to allow competition?

     The 2.04% rate probably wouldn’t have been too far off what was required; maybe just a bump up to 2.30% or so. But now that it’s back down at 1.70%, it’d be too transparent to be tenable.
5. Lanthanide 5

   16 March 2012 at 2:30 pm

   The current ACC earner’s rate of 2.04% is dropping down to 1.70% on April 1st. This isn’t on the IRD website but I managed to find it buried in a PDF on the ACC website. This is a 17% drop if you want to easily see how much extra you’ll have in your pocket from April.

   The pdf had an interesting graph, showing the rate. It was pretty flat until 2009/2010 when it went up a bit, and then went up to the current 2-2.04% in 2010/2011 and 2011/2012. “Coincidentally” the same time that National got elected.
6. Matt 6

   16 March 2012 at 2:48 pm

   Good, fuck these kooks and their crackpot schemes to undermine Kiwi institutions that actually work pretty well. Whether it was an epiphany or simply a realization that it wasn’t going to happen without the pitchforks coming out, I’ll take it. Now, on to asset sales.
7. mikesh 7

   16 March 2012 at 3:56 pm

   Contact’s CEO says that the cost of borrowing is 8% for privately owned power companies. However, would companies with 51% government ownership still have to pay 8%, or would they be able to obtain funds at 4% like a fully government owned company
8. Rosemary 8

   16 March 2012 at 4:37 pm

   Relieved to see the covertly toxic Pete George seems to have finally slung his hook and skunked back to be near others of his ilk. Could always tell his attempts to come across on this site as a moderate were disingenuous. It’s always the dishonest who’re the most dangerous. Get a glimpse of his true colours here:

   http://www.whaleoil.co.nz/2012/03/hipkins-rate-the-leaders-speeches/
   • Matthew Whitehead 8.1

     16 March 2012 at 4:45 pm

     I still don’t understand how anyone who claims to be centrist could even wade into that despicable blog. Kiwiblog comments are bad enough as is, and I rarely visit, but Slater’s blog is lightweight and full of personal attacks.
     • Rosemary 8.1.1

       16 March 2012 at 6:37 pm

       It’s worse than that. You could call almost all of what Slater says is misinformation, manufactured from nothing, lies, hypocritical (accepting of course most of it is created by others and handed to him to as the mouthpiece because it’d be too controversial coming from the Nactoids directly, but that’s another story). But when you stand back, perhaps putting all of these things together, it’s clearly sinister, perhaps close to evil because it’s creating hatred in people towards others. You only need to have a quick look at some of the comments there to see how hateful people are, and it’s all in honour and great deference to the mighty “Cam”. His following is scarily cult-like, which he calls his “army”. His followers are scared to disagree with him and those who may wish to from time-to-time, barring of course the one or two regular dissenters, apologise in advance for doing so. This happens on Odgers’ site, too. It’s of course sickening to see, but it’s also incredibly dangerous. Slater, and Odgers also, promote as okay people displaying deep disdain for others that contributes to the increasingly uncaring society we’ve become. Indeed, Slater and Odgers are products of that society, but they also help to perpetuate it. It wouldn’t be hard, given some of the comments on either of their sites but especially Slater’s, to imagine someone taking what they say so literally that they go out and do something really silly. Then, of course, the two pure, blameless holier than thou hatred generating tag-team would sit back and say “it wasn’t our fault”. It’d be interesting to know what unfortunate events in the lives made them like this.
       • felix 8.1.1.1

         18 March 2012 at 11:49 pm

         “You only need to have a quick look at some of the comments there to see how hateful people are, and it’s all in honour and great deference to the mighty “Cam”. His following is scarily cult-like, which he calls his “army”. “

         Yeah, you get that when you’re a deluded narcissist and you write 90% of the comments yourself.
9. burt 9

   16 March 2012 at 9:48 pm

   Nats back down from ACC privatisation.

   So would I if I were in their sensitive client files.
10. starlight 10

    18 March 2012 at 6:57 pm

    Privatisation off the agenda because the ‘financial elite’ cant make lots of untaxed profit,in the
    meantime acc has been turning down worthwhile credible cases by jumping on degenerative
    changes in the body,a rort of the acc system by the nats,acc used to work so well,until the nats got control of it.
    Just come to light the ‘release of sensitive files’ remember the media release this bad,bad
    person ‘demanded’ 2yrs of benefit for acc files to be handed back and not go to the media,
    turns out that was all a big ‘con’ for the public,the herald on sunday released the womans
    name and the ‘true’ facts, Boag, the nat go to along with the woman,had a meeting with acc,and it was the acc who was bribing the person with the files, can anything that the nats tell us be believed, not on your nelly,this is a great example of how the nats try to ‘hoodwink’ the people
    of nz.spin,spin,lies and more lies,credibility,my dear people, ‘i dont give a damn’ (nat party.)
11. Rosemary 11

    18 March 2012 at 11:41 pm

    ACC were making nasty decisions to kick people of while we had a Labour government, also. Labour is not a friend of the poor any longer. We must not forget that. When they become the government again, whenever that might be, we cannot ease up simply because they’re not the Nactoids, like we did between 1999 and 2008 in the misguided belief that they were our friends. They’re not, and we cannot pretend that they are, ever again.

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