Post by Kiwi Frontline on Jan 26, 2016 13:01:03 GMT 12
‘Maori economy’, in reality it doesn’t exist by itself, having been given assets from hard working Kiwi taxpayers augmented by sweetheart Government deals via questionable treaty settlements and other race based initiatives while paying little or no tax, iwi groups maori incorporations (17.5%), charitable trusts (zilch).
This fiscal creativity' doesn’t create a new maori business/economy, it has only changed hands (rearranged the deck chairs) so does not contribute anything extra to the New Zealand economy.
In 2010 Maori-owned businesses produced $22.2-billion worth of goods and services or around 11 per cent of GDP (BERL), but Maori are 15% of the population?
The so-called Maori economy is under performing despite generous drip feeds from central government.
This fiscal creativity' doesn’t create a new maori business/economy, it has only changed hands (rearranged the deck chairs) so does not contribute anything extra to the New Zealand economy.
In 2010 Maori-owned businesses produced $22.2-billion worth of goods and services or around 11 per cent of GDP (BERL), but Maori are 15% of the population?
The so-called Maori economy is under performing despite generous drip feeds from central government.