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Comments on: AIAL: Access Denied! http://www.tvhe.co.nz/2008/04/11/aial-access-denied/ The Visible Hand in Economics Wed, 17 Dec 2008 20:13:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: National loves strategic assets too! | TVHE http://www.tvhe.co.nz/2008/04/11/aial-access-denied/#comment-4526 Wed, 17 Dec 2008 20:13:07 +0000 http://tvhe.wordpress.com/?p=329#comment-4526 […] you probably worked out from my previous rants I disagreed with the decision to block AIAL (here and here) and found it inconsistent with the decision to allow the sale of vector’s […]

]]> By: Ged http://www.tvhe.co.nz/2008/04/11/aial-access-denied/#comment-1219 Thu, 22 May 2008 11:29:46 +0000 http://tvhe.wordpress.com/?p=329#comment-1219 The deal would have left the airport over 80% debt funded, with around half owned by non-NZers and a big chunk by tax exempt local authorities. The non-residents would have paid 2% tax, the tax exempts no tax. Tax on the airport’s profits is needed to fund sensible cuts in tax rate cuts. No, the stapled security deal would not have changed the debt ratio – notice how the pension fund barely batted an eyelid when the government announced its stapled stock policy.

The right result for the wrong reason – an incoherent policy on foreign ownership of strategic assets.

]]> By: Bring people into the country is strategic but having electricity isn’t?? « The visible hand in economics http://www.tvhe.co.nz/2008/04/11/aial-access-denied/#comment-1218 Wed, 16 Apr 2008 22:10:45 +0000 http://tvhe.wordpress.com/?p=329#comment-1218 […] notice that in my post on AIAL one of my main points was that if the airport was “run down” to save money as greedy […]

]]> By: Andrew http://www.tvhe.co.nz/2008/04/11/aial-access-denied/#comment-1217 Fri, 11 Apr 2008 11:27:15 +0000 http://tvhe.wordpress.com/?p=329#comment-1217 Canadian here, eh.

Having flown through Auckland about eight years ago, I don’t really remember the airport, but I do agree with the politically-driven decision hypothesis.

It’s not like our pension fund can physically remove the assets to Toronto in times of crisis or whatnot, and they’re certainly profit-maximizers.

The shares were way down on the news (40% or something?), and I suspect that Kiwis hold the majority of them, directly or indirectly. That’s gotta be something.

]]> By: goonix http://www.tvhe.co.nz/2008/04/11/aial-access-denied/#comment-1216 Fri, 11 Apr 2008 03:33:59 +0000 http://tvhe.wordpress.com/?p=329#comment-1216 I’ve missed your sarcasm like a Labour government misses a strategic asset.

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