All you need to know re Labour’s fare cap

The Taxpayers’ Union released:

Labour’s plan to cap public transport fares would pour another $65 million into a system which is already 87 percent subsidised, up from 61 percent in 2015/16.

Taxpayers’ Union spokesperson Tory Relf said:

“Taxpayers are already picking up almost 90 cents in every dollar spent on public transport, which the average subsidy last year of $17.65 per boarding. Households already subsidise public transport to the tune of $1,373 a year, and Hipkins wants to slap another $65 million down for them to pay.”

“This is dressed up as a cost-of-living policy, but it does nothing for the vast majority of households. Only 6 percent of Kiwis are regular public transport users, and nearly 90 percent of rides are in Wellington, Auckland, and Christchurch.”

Public transport is already 87% subsidised by the taxpayer and Labour thinks that is not enough. And they come up with a policy that will do zero for the vast majority of Kiwis.