Friday 13th (April) – a scary day as submissions close on 2 major government bills.
Firstly: the Mixed Ownership Model Bill. If we want to stop Asset Sales, as many submissions as possible would be a good start. So click on the link to submit.
Some points you may wish to make in your submission:
- A majority of New Zealanders oppose the partial privatisation of New Zealand’s best state-owned assets;
- It makes no fiscal sense to sell assets earning 18% (capital appreciation and dividends) to pay down debt costing 4%;
- Treasury’s 2012 Budget Policy Statement says that in 2016 the lost dividends from privatisation are $94m greater than the savings in reduced interest payments;
- It is unfair to sell assets that currently belong to all New Zealanders to a small minority who will be able to afford to buy shares;
- Partial privatisation is an inevitable prelude to foreign ownership of a large chunk of our energy companies. That will mean high power prices, dividends flowing overseas, and fewer jobs;
- Individual energy assets, like Manapouri power station, can be sold off under the legislation into full foreign ownership and control;
- The renewable energy sector is growing rapidly internationally. We own the companies that have the critical mass, the expertise, and the capital to take advantage of that growth and create tens of thousands of good green jobs here in New Zealand. Privatisation will end that opportunity.
- Selling the assets is a form of intergenerational theft. One generation will sell the assets that past generations have built up and future generations will not have the fruits of that.
- Power cuts are more common with private energy companies – they are more concerned with profit than continual energy supply.
- Greenhouse gas emissions are likely to rise – privatised companies are incentivised to try and increase our energy use (and their profits). Which will hardly help us keep our commitments.
- Water ownership is in dispute – Maori are filing for customary rights to water. Mighty River may not have full rights to the Waikato River.
- Privatisation will not solve our economic problems.
Secondly: the Social Security (Youth Support and Work Focus) Amendment Bill.
This is the bill that has mothers of one-year-olds forced out into paid work. With 150,000 jobless, this is hardly the right time for this bill, and a serious incursion into how people wish to raise their children.
It will also have third party providers profiting off unemployment misery.
So make sure you have your say on both bills.