Former Labour MP John Tamihere writes:
I support the partial sale of these assets regardless.
Majority ownership will be held by the New Zealand Government. New Zealand money, which is flooding offshore to invest in foreign economies, will have blue chip assets to invest in at home, whether they are Kiwi Saver or New Zealand superannuation dollars or dollars that would normally have flowed to the failed finance sector. All require a safe investment haven and this policy provides that.
Further, it lessens our need to borrow and this will also lessen the amount of interest we need to pay.
No surprise that John Tamihere supports part-sales – he can say what he thinks now he is out of Parliament. I’d say it is almost a certainity that Phil Goff deep down supports it also, considering he was such an enthusiastic supporter of full sales previously. Of course he could never say so publicly.Tags: John Tamihere, privatisation