Government Messing in Business
September 6, 2007 by scrubone
Looking at the business pages, I realised just now that all three top stories are to do with companies the government has screwed with, most quite recent.
- Auckland Airport - the government put the skids on the buyout deal.
- Telecom - Gattung left because the government suddenly decided to unbundled the local loop, knocking billions off the value, and Mum and Dad investors’ portfolios.
- Air New Zealand - where does one start!
Not a good look.
You could also include the collapse of the various Investment Companies, following Cullen’s various rants to invest locally in anything not in property - (buy blue chip shares he says. Llike Telecom and Feltex? Ouch. )
He’s backed up these comments by policies to tax capital gains from foreign investments before the gain is realised whilst letting the interest rates screw home owners - arguing they are to blame for our woes.
Meanwhile, F&P and others are heading off shore taking jobs with them.