Binkenstein
binkenstein.bsky.social
Binkenstein
@binkenstein.bsky.social
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If you like Keith David check out Hasbin Hotel on Prime, he's doing a voice (and singing) there.
November 11, 2025 at 11:34 PM
Selling off productive assets like the power companies or Chorus would be like selling your house & renting it back from the new owner. Sure you get a lot of money now, but it costs more in the long run *and* any value gain goes to the new owner.
November 11, 2025 at 8:55 PM
That is ~2.5% of NZ GDP as profit going to Australia.
November 11, 2025 at 3:30 AM
Reposted by Binkenstein
The question of asset sales seens to arise three or four years after tax cuts.

2010: tax cuts
2014: partial asset sale of powercos & AirNZ

2024: tax cuts
2026/27: asset sales? (If Nats win next year)

The reason is blindingly obvious: tax cuts means less tax revenue.Nats have to make up shortfall.
November 10, 2025 at 4:39 AM
More per year than the GDP of more than half of the countries in the world.
November 7, 2025 at 4:02 AM