Latest / The Kākā by Bernard Hickey

Dawn Chorus: Classic middle class welfare to win 'Ford Ranger Man'
TLDR: Yesterday’s decision to extend again the Ukraine War fuel tax cut of 25c/litre was portrayed by the Labour Government as it focusing on ‘bread and butter’ issues to help those most stressed by ‘cost of living’ issues associated with high inflation, which sounds true on the face of it.The problem is the $2 billion of cash benefits the policy has now ballooned to are actually distributed mostly to the rich, as Infometrics Economist Brad Olsen pointed out last night in a research note and demonstrated with a chart included below.PM Chris Hipkins refused again yesterday to consider removing…
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