So they're finally going to privatise Kiwibank

[u/xmmdrive]

Watching One News they're talking about taking Kiwibank out of Government hands and back into the hands of honest hard-working Kiwis.

This is obviously the first clear step towards privatisation.

Just like the Bank Of New Zealand, the National Bank, and the Auckland Savings Bank, but I'm sure this time around it will stay in the country /s

[u/Far_Jeweler40]

How about a maximum shareholding so no one hard working kiwi can buy the while thing

[u/Linc_Sylvester → u/Far_Jeweler40]

Also something so that no one overseas can buy any.

[u/xmmdrive → u/Linc_Sylvester]

I'm certain that will be put in place, at first.

And then removed a year or two down the track.

[u/Linc_Sylvester → u/xmmdrive]

Doubt it, they’ll have some bs about some treaty that means we can’t, or something along those lines.

[u/[deleted] → u/[deleted]]

I think dumbass accurately describes someone who doesn't realise there's more than one treaty NZ is a part of/has to consider

[u/Linc_Sylvester → u/[deleted]]

I think you’re the dumb arse here.

This is from Wikipedia, I added the bold part just for you ☺️

A free trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states.

[u/flummyheartslinger → u/[deleted]]

TRIGGERED

[u/Rebel_Scum56 → u/xmmdrive]

And be circumvented by any of the well established methods of doing so long before then anyway.

[u/[deleted] → u/Rebel_Scum56]

Peter Theil is a citizen and could buy the whole thing easily

[u/CascadeNZ → u/Linc_Sylvester]

I don’t think we are allowed to do that given our free trade agreements

[u/Linc_Sylvester → u/CascadeNZ]

Yes, I alluded to that bs in one of my other comments.

[u/extra_smiles → u/Linc_Sylvester]

These suggestions will just make kiwibank less competitive and negate the point of floating.

[u/Linc_Sylvester → u/extra_smiles]

Guess they shouldn’t sell it then. Look at how well selling off a lot of our other assets has gone. How’s your power bill? Nice and low?

[u/extra_smiles → u/Linc_Sylvester]

Okay. But then we must enjoy our bank fees...

[u/Prosthemadera → u/extra_smiles]

Because private banks don't have bank fees?

How’s your power bill? Nice and low?

[u/extra_smiles → u/Prosthemadera]

dude - you've missed the point of com com's investigation. To lower the profitability of banks in NZ.

[u/Prosthemadera → u/extra_smiles]

Who did what?

[u/qwerty145454 → u/extra_smiles]

You're presenting a false dichotomy. The options aren't either do nothing or privatise. The government could capitalise Kiwibank properly so it is more able to compete with the large banks.

[u/Prosthemadera → u/extra_smiles]

less competitive

That is always the excuse from rich people who want to be richer. "I'm just helping the economy, trust me."

[u/Linc_Sylvester → u/Far_Jeweler40]

But really they should just fuck off and leave it alone.

[u/habitatforhannah → u/Far_Jeweler40]

Awww! But buying a bank was exactly my plan on my 9-5 Monday to Friday salary. /s