In that example a hotel owner is mentioned. Is it worth throwing taxpayers money away on these people when demand will not come back?
What would you like to see, do you expect every business to be paid their expenses?
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That is wrong too and shouldn't happen. Though it's not expensive unlike what others seem to be hinting at. The bad ideas should always be called out IMO.
Assets, buildings will be taken over by recievers who will sell it on to some other group. This is desirable and LLC's and the Companies Act etc are tailor made for this sitation. Try not to worry so much they are being advised by competent people. Blue or red, all they do is post on social media and collect a salary while the real work is done behind the scenes. Though for disclosure sake I generally prefer Labour (minus the chch rebuild nats have nothing since GDP "per capita" was in stagnantion at best or decline).
Agents of misfortune
"Labour MP Deborah Russell has copped a lot of flak this week from left wingers and right wingers alike for suggesting – in a question she posed to Grant Robertson at the Epidemic Response Committee – that maybe some of the small businesses struggling to survive Covid-19 came into the crisis in a weakened state. Could our low wage economy, she asked Robertson, have induced some people to set up shop when they lacked the expertise, business advice and resources necessary to survive a major external shock ?
Robertson and PM Jacinda Ardern both quickly distanced themselves from Russell, and from any inference that Labour thought that firms being hit by a once-in-a-century pandemic might have been in any way the agents of their own misfortune. But hang on. How is what Russell said any different to Robertson himself saying only a week or so ago, that mainstream media companies came into the Covid-19 crisis with pre-existing conditions?
Russell wasn’t saying these firms had only themselves to blame and/or didn’t deserve government support. She was asking whether Robertson thought our low wage economy had left them vulnerable, and less resilient. If politicians on the centre-left are being forbidden to debate such matters in public, then we’re really in bad shape. After all, the centre-right is usually more than happy to let low-income workers and beneficiaries go to the wall, and blame them for their plight"
Gordon Campbell on why governments are in effect, printing cash to defeat Covid-19
https://www.nzherald.co.nz/business/...ectid=12327102
Home truths about this government :
Ardern may be one of the world's best symbolic communicators, but that can't hide her Government's profound incompetence.
It has failed utterly on
housing,
wellbeing,
child poverty,
tertiary education participation,
school management reform,
freshwater allocation,
cleaner rivers,
the capital gains tax,
openness and transparency,
mental health and
even gun reform.
Growth was slowing before the world had suffered even its first case of Covid-19.
Ardern introduced rigorous quarantining at the border well after Australia, costing a handful of lives, and her health authorities have proven incompetent at distributing either flu vaccines or PPE.