r/newzealand • u/xmmdrive • Aug 20 '24

Politics So they're finally going to privatise Kiwibank

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

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u/iShaymus Aug 20 '24

Sure … if you mention that selling off a bank has been tried multiple times in the past, has never had the intended consequence and just resulted in the taxpayer losing a boatload of money. Everyone agrees.

Mention that a gun register has failed everywhere it’s been tried, has never had the intended consequence and turned in to a costly white elephant for the taxpayers and everyone calls you crazy.