Hyprocisy alert

Labour wants ACC cuts to take effect immediately.

I have no doubt people will agree when they work out that would increase their take home pay.

However, spot the irony:

Opposition ACC spokesperson Iain Lees-Galloway said the corporation’s big surplus was gouged from the pay packets of hard working New Zealanders.

This is a spokesman from Labour, the party that contributed to ACC’s financial liabilities by adding more categories of beneficiaries without increasing funding sufficiently.

His party has fought tax cuts which leave more in the pay packets of hard working New Zealanders.

And his party is going to increase taxes to gouge more from those same pay packets of the same hard working New Zealanders and add a Capital Gains Tax too.

That’s not irony, that’s hypocrisy.

 

3 Responses to Hyprocisy alert

  1. Armchair Critic says:

    Beneath all the hubris, do you support what Labour are taking for, or are you against it Ele? It looks a lot like you are against it.
    Now, let’s see how it fits together. National claim to be against raising taxes and for lower costs of being productive. Yet National’s record is one of raising taxes and increasing the costs of being productive. I’ll provide examples if you wish. Now we have, highlighted in your post, an example of National failing to take an opportunity to lower the costs of being productive. There’s a word for saying one thing and doing the opposite.
    Labour, on the other hand, are advocating for what National had said they would do (as opposed to what National are doing) and you think that’s a problem for Labour? Awesome mental gymnastics.

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  2. homepaddock says:

    I’m in favour of lower fees as soon as possible when it’s affordable ie won’t compromise ACC’s ability to fund its activities ie accident prevention, compensation and rehabilitation.

    The process ACC has to go through is here: http://www.acc.co.nz/about-acc/consultation/levy-consultation/index.htm, it doesn’t look like rate changes can happen immediately.

    Like

  3. Paranormal says:

    AC – Liarbour have again shown their economic stupidity and why they should never be given the reins of power again. The long tail commitment in ACC has the ability to bankrupt a government if allowed to get out of control. The main reason why there is such a surplus is the investment returns that have been particularly good this year. Some funds I’m aware of have made 40% returns. I’m not about to go into long term discounted cash flows and risk pricing here, but lets just make it clear we need to fully fund as we go or risk the consequences.

    ACC needs to be removed from political interference like we are seeing the ignorant Liarbour party indulge in. Liarbour have significant history going back to the 70’s of stuffing ACC and should never again be trusted.

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