Wednesday, February 22, 2023

Paying for the rebuild

Cyclone Gabrielle caused billions of dollars of damage, with roads, homes, and other infrastructure needing to be repaired, replaced, or moved. So how are we going to pay for it? The Greens have suggested the obvious: a windfall tax on those outrageous corporate profits. National leader Christopher Luxon has another idea: we should just borrow:

Christopher Luxon says a flood tax is a bad idea but thinks the Government should borrow money for rebuilding regions severely damaged by the storm.

The National Party leader told AM the Government has wasted too much money and inflation - running at 7.2 percent - was too high for another tax.

Which is a stupid reason, because taxing the rich is anti-inflationary as well as fair. But its also a little repulsive to see a rich white dude in his peak earning years saying that he shouldn't have to pay anything to fix the problem he helped cause (he used to run an airline, you know!), and that we should instead dump the cost on the kids. Its a perfect example of the generational selfishness which has ruined this country, not to mention the "I've got mine; fuck you!" attitude of the National Party and its rich arsehole supporters.