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"... you want a second harbour crossing, you want light rail... you are not going to get that through the tax revenue, it's going to need private capital to do it."

#DamienGrant, 2013

https://theworkinggroup.podbean.com/e/the-working-group-with-shane-te-pou-maria-slade-and-damien-grant/

So... are you proposing to have our public infrastructure partially owned by these private capitalists? Or to pay back their private capital over time (plus a generous return on their investment, of course)?

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#podcasts #Aotearoa #NZ #NZPolitic #TheWorkingGroup

Strypey 2y ago

Because if you're OK with investments from capitalists, plus RoI, being paid back by "the taxpayer" (not how it works, see MMT), then...

... why are you so horrified by public debt, ie loans from capitalists, plus interest, being paid by the same "the taxpayer"?

The interest is probably lower. More importantly, unless the state defaults on public debt (which can't happen unless it becomes a "failed state"), loans don't require the public to give away any ownership of our infrastructure.

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