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Shareholders should be first call

16/09/2020

Homepaddock

The Taxpayers’ Union says the taxpayer funded lolly scramble for tourism ventures is morally wrong:

New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says, “The latest round of funding by the Government’s COVID-19 tourism rescue package demonstrates how completely arbitrary, unfair, and wasteful this corporate welfare programme is.”

“The lucky recipients include river cruise companies, spa resorts, and helicopter tour operators. While we’re sure these companies have struggled with effects of the pandemic, so have their competitors who aren’t getting handouts.”

“While 130 applicants were successful, another 170 were turned down, and many more potential applicants would have lacked the knowledge or confidence to navigate the bureaucratic grant process. When politicians give taxpayer money to select grant applicants, they distort the market, rewarding companies that devote resources to impressing bureaucrats, and making it easier for those companies to put their self-sufficient competitors out of business. That’s not just wasteful, it’s morally…

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