I agree that a lot of money funded NZF, thereby limiting other spending. Im not sure we can afford to do everything and have tax cuts. If we maintain current taxation, get everything into gear to improve what is lacking, whether that be health or education, transport, infrastructure, AND we have a standard surplus every year, then we can cut taxes, as they would actually be a result of over taxation.
The way you increase the tax take is by using funding to remove productivity constraints - usually that is by building infrastructure. However the public sector is a massive handbrake in this regard. Look at the drag on the CRL getting approved, Waterview was late, Transmission Gully is now going to be a year behind. That's before you even look at the infrastructure and housing we were meant to be getting this term, almost none of which is happening unless it's funded by the PGF, which ironically has too little oversight.
There's just no consequences for the public sector. Who cares if something is delivered years later than it was meant to be delivered. No one's going to lose their jobs, right?
Wrong, people loose there jobs all the time in the public sector.
But tell us about all the cost over runs, time delays, financial both ups in the private sector , they are equally impressive.