What will be Robbo’s legacy
This has to be the worst Finance Minister in living memory.
After inheriting the books in good shape and a buoyant market place, Grant Robertson is destined to be remembered for all the wrong reasons.
When comparing Bill English, Michael Cullen, Ruth Richardson and Roger Douglas, where will Robo sit in comparison?
Probably Ruth Richardson, with the main difference being Richardson purposefully set out to punish the impoverished. Grant will manage it all with good intentions.
As they say, the road to hell is paved with good intentions.
The moves being made to vilify mom and dad investors in favour of first home buyers will increase those that will never buy a home and make life more difficult for those already struggling with their weekly bills.
Not only that, but he is punishing those that took out lending to buy a rental property in the hope to funding their own future a little bit better.
Great article in Stuff on the reality of the housing changes