Saturday, October 18, 2008

Pet projects and politicians

Brian Gaynor's column, always a must read for its balanced view, this week examines the disturbing issue of the NZ Super Fund being directed to invest 40% of its funds into NZ Inc.

I have considerable unease in that scenario. Apart from allowing politicians to subsequently direct spending into their pet projects (read massive bribes for re-election/coalition partners), should NZ Inc go belly up at some future date (just like what has happened around the world in recent days), what of our retirement fund?

While it looks good on the surface, underneath this decision is a not so subtle ploy for more votes. Too dangerous to even try.

1 comment:

Anonymous said...

Bugger it.
You and Gaynor should get a job in Helengrad's propaganda bureau.
National has said nothing whatsoever to suggest the allocation of the 40% will be controlled politically.
All you idiots are doing is scaring the horses.