
Boost for local innovation but scepticism hangs over Opportunity economic policy
So Newsroom put out a bit on the economic policy too, and they more broadly echo some of the points I made in my previous post on it.
>Ross said the biggest need was the investment in more staff, more teachers and more support structures for students. She was cautiously optimistic to find out more detail on how the $80m funding would be allocated.
This is an important point, and I am definitely here for providing more funding to any level of education as we have seriously underinvested in all sectors for too long (under both flavors of neoliberal government). However this speaks to a greater worry that I had after reading the policy - there are no worker rights discussed. In order to have stability, we need to strengthen our labour laws to give workers power.
>"I thought overall it’s an incoherent document, they talk about somehow transforming us into a high-tech economy. The tech that we’re using, in terms of say the transformation of artificial intelligence, is entirely being driven overseas. It’s not being driven by anything that is happening here, and Opportunity won’t change that."
Here Robert MacCulloch really hits the nail on the head - nothing in their policy will actually transform our economy into this vision of a high-tech industrial nation. There is no way that we get a TSMC out of this, or anything like that.
>However, Rashbrooke questioned the way in which the policy would be funded. >Wong said the $1.33 billion price tag associated with the economic policy would be paid for by its tax policy, which was calculated to result in a surplus of $4b.
>If a tax reset wasn’t on the cards with a potential coalition partner, its economic policy would be the priority, Wong said.
This is also another very good point. TOP seem to be pinning everything to their Tax Reset policy but also aren't committing to getting it through. That even their messaging around their own policies seems confused.
>A blanket sum of $20,000 would go to every New Zealander, regardless of their income level – which he deemed unnecessary for the country’s millionaires and insufficient to make the country’s poorest any better off.
Just reiterating here for all those who will be coming in again to state that the UBI is actually progressive and transformative. No it isn't.