That's how much Nicola Willis thinks she stole from New Zealand women by repealing pay equity:
A tax incentive for businesses, boosts to health and education spending, and Crown funding for new gas fields are among new Budget initiatives made viable by nearly $13 billion in cuts to the pay equity regime.And she's using the money "saved" to pay for... more business tax cuts! Not health, housing, welfare, or any of the other countless things we desperately need as a result of National's cuts-driven recession, but to shovel more money to her donors and cronies. It's pure class warfare, based on outright theft. But that's so very very National, isn't it?[...]
The Government initially refused to disclose how much money it had saved as a result of the pay equity changes. However, the Budget says there is now $12.8b in “fiscal headroom” over the next four years as a result of the new, tighter system.
Meanwhile, there'll also be $200 million set aside for "co-investment" in the gas industry. This is an industry with literally no future - no future in electricity, no future in industry, and which faces a death spiral for its network. Only a complete sucker would invest in a pre-stranded asset. But then, its not about investment; its about creating a conflict of interest for the next government between its role as an investor and its role as a regulator and policy-maker, which will reliably generate advice and headlines about how much money the government will be burning by doing either. Essentially an ideological poison pill. The good news is that its a contingency, so there are no concrete plans yet for such investments (because there's no new gas fields to invest in), and this government has only 18 months left to run. And the quicker we kick it out, the less we'll lose on this bullshit.
