Goodbye Budget Vibes, Hello Real-World Value
Press Release – New Zealand Taxpayers' Union
Loneliness, housing quality, and happiness all matter, but trying to legislate for the vibe was never going to work. Real wellbeing comes from more opportunities in an economy with low inflation, stable debt, and rising incomes that let Kiwis …
Responding to the announcement of the plan to repeal of Labour's 'wellbeing' provisions in the Public Finance Act, Taxpayers' Union Spokesman James Ross said:
'Finally, the Minister of Finance is free to focus what they can actually control — balancing the books, bringing down debt, and restoring the economy.'
'Loneliness, housing quality, and happiness all matter, but trying to legislate for 'the vibe' was never going to work. Real wellbeing comes from more opportunities in an economy with low inflation, stable debt, and rising incomes that let Kiwis afford the services and lifestyle they need to thrive.'
'What did the last Government's 'wellbeing' obsession give us? He chased the outcomes without doing the groundwork, turning surpluses into runaway deficits, tripling government debt, and letting inflation rip. It's time to turn the page on his failed experiment and let the Finance Minister focus on the figures, not just the feelings.'
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