SOLO Press Release
SOLOist Reduces Cullen to Cowering, Quivering Girly-Git

October 11, 2007

Finance Minister Michael Cullen has announced a surplus of $7.9 Billion ... and that tax cuts will not take place before the end of this decade.

SOLO Spokesman on Finance, Investment and Profitmaking Undertakings, Elijah Lineberry, immediately criticised this amount when tax cuts were preferable, and accused Dr Cullen of larceny in the name of prudence at the expense of the economy.

In a blistering attack which left Dr Cullen cowering in a corner in tears, Mr Lineberry said, "What these people do not seem to realise is there is a big difference between an individual having a 'surplus' (spending less than they earn)...and a Government doing so. Because we allow the 90% of adults who are ignorant and stupid to vote, the Government seems obsessed with portraying itself as 'prudent.'

"According to Michael Cullen's own figures, which a member of his staff helpfully provided for me in July, we could cut taxes to the extent of having two tax rates, 15% up to $38,000 and 25% above that, with the Company Tax rate also at 25%...and would STILL be in surplus at the current amount of unnecessary Government spending."

Mr Lineberry continued his helpful lesson in economics to a blubbing Finance Minister by pointing out, "Furthermore, if we assume an income tax cut leads to higher GST revenues (as people have more money to spend), and a 25% Company Tax rate encourages greater investment and resulting profits, and therefore a greater Company Tax collection....you could trim those figures even more, and still have a surplus!"

Mr Lineberry mused that a 20% Company and top Income tax rate would see a surplus with current NZ Government expenditure.

As the Number 1 (and only) libertarian in New Zealand Mr Lineberry did seek to clarify his view that 99% of Government spending was unnecessary, silly, carcinogenic, obesity-causing and immoral, and he was in no way advocating either taxation or expenditure, but merely sought to highlight how overtaxed New Zealand is and the disgrace of continuing the extortionate 33% and 39% income tax rates.

At last report the humiliated Finance Minister was seen tearful, emotional and disorientated trying to find his way back to Parliament to confer with his deputy, Mr English.

Elijah Lineberry - elijah@capitalism.co.nz

SOLO — www.SOLOPassion.com

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