The reaction to Chlöe Swarbrick’s interview on the podcast has been massive. Duncan Garner reviews a detailed letter from Andrew, a small-business owner in Dunedin, who warns that the Green Party's idealism doesn't align with the reality of the New Zealand economy. We break down the $138.7 billion in new spending proposed by the Greens and why a wealth tax might lead to a $32 billion hole in the budget.
Andrew points out that capital and people move when taxes get too high, which could put our entire health system and superannuation at risk. Duncan also talks about why so many people designing economic policy have never actually had to pay an ACC invoice or sign a wage sheet. It is a look at the "real economy" versus the slogans coming out of Parliament.
We also discuss the news that the BSA is set to be scrapped and why Labour's mentions of "innovation" seem to fall flat when they can't name a New Zealand-owned company.
00:00:00 Vibes vs reality in the economy 00:01:00 Scrapping the BSA and the Green Party fallout 00:02:40 Andrew’s five-page letter to Duncan 00:05:01 Breaking down the Green Party wealth tax numbers 00:06:40 Why wealth taxes have failed overseas 00:08:45 The gap between public servants and business owners 00:11:55 Letters to the editor
