Don Brash and the 2025 Report - 700% WRONG!
December 7th, 2009 | by admin |Gordon Dryden’s recalculation (NZ Herald Letters, December 4th, 2009) of the Brash “2025 Taskforce” report are frightening. Gordon Dryden’s numbers also appear accurate.
So when the Brash report says “an average New Zealand family of four is worse off than their Australian counterpart by around $64,000 per annum”, but a Government-calculated “median household income” shows the gap is NZ$8908 (exchange rate fluctuations aside), that means the report has inflated the alleged family income gap by about 700 percent.
Even worse, based on these numbers, the report then goes on to make 30+ major recommendations to change the direction of New Zealand’s economy - effectively endorsing the failed policies of the ACT Party, which last election got less than 4 % of the vote.
What would any company do if its Chief Financial Officer was 700 percent wrong in his last year’s accounts and then used those numbers to redefine the company strategy?
Would any government continue to appoint a Reserve Bank Governor who was so wrong?
And what would the electorate do to a Government that introduced such badly formed policies?
