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Wadestown, Wellington
New Zealand

Michael Dunn is the Managing Principal of Economic and Fiscal Consulting Limited (ECOFISC) which he founded in 2008. Michael has more than 20 years of experience in economic analysis and modelling, in revenue and fiscal forecasting, and in advising Governments in New Zealand and globally. 

Blog

Blog for "ecofisc" as the trading name of Economic and Fisacl Consulting Limited, Wellington, New Zealand. Pricipal author Dr.Michael Dunn.

 

Coverage on CTV News

Michael Dunn

CTV ran a story on their evening news on Thursday 14 August, the day after the launch of the Bribe-o-meter. See the story at https://www.youtube.com/watch?v=hBfRpgBEqDM CTV had interviewed me over the phone and also contacted Jordan Williams of the Taxpayers Union. They focussed their story on what National and Labour were proposing as extra support for Christchurch and the Canterbury region. On current announced policies, Labour promise to deliver more, but the flip-side is that will require every household in New Zealand to contribute more to fund that spending, whether that is raised from taxes or by a reduction in other benefits.

That s the function of the bribe-o-meter - to point out that all spending proposals come with a cost to families across the country. Your dollars are being collected and redistributed to others. Some people will get more back than they contribute, others will get less, but overall there is a cost. The process is lossy - governments cost money to run - so the total costs to households, families and other taxpayers will exceed the total benefits that are distributed to households, and to central, regional and local government agencies to spend on behalf of households.

in general, the more a government intervenes to determine who gets what, the higher the cost, and the more it then needs to collect to provide for the same total level of welfare for all of its citizens. Of course, most people do care about providing support to those in greater need than themselves, but their tolerance for having their contribution swallowed by government is limited.