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“The Greens’ proposal to blow out the national debt to 54 percent of GDP shows why we need financial literacy in schools,” says ACT Leader David Seymour.
“Anyone with a mortgage understands that when you’re deep in debt, you end up spending so much on the interest that you can’t cover the essentials. We’re already burning through nearly $9 billion a year just to pay the interest on Government debt.
“At last count, our national debt is growing by almost $2 million an hour, or more than $47 million a day.
“Now the Greens want to heap on more than $40 billion in new borrowing compared to 2024 – a staggering figure that will fall on the shoulders of young people and children that aren’t yet born. That means billions more in interest payments, siphoned away from the very services the Greens claim to care about.
“The Greens reckon their numbers will add up by just taxing Kiwis harder – 39% for income above $120,000, 45% at $180,000, a new tax on assets, a higher company tax rate, and an inheritance tax that would force farming families to sell their generational land.
“Anyone with the financial sense the Greens lack would simply take their career, their business, and their money overseas.
“A private jet tax isn’t a serious policy proposal; it’s an empty display of the Greens’ eat-the-rich mentality. They want us to believe all our problems are caused by other people’s success, because they can’t be bothered coming up with any ideas that would generate new wealth to meet our country’s challenges.
“The Left’s ideas are all about telling successful New Zealanders ‘you’re not welcome here’, dividing the wealth we have rather than creating more, and siphoning off more money for the Wellington bureaucracy. It all adds up to a poorer, more miserable New Zealand.
“ACT says we need to put power back in the hands of people, not bureaucrats. That means choosing freedom over control, responsibility over excuses, and aspiration over resentment.”
