ACT Leader Warns Against Politician Scapegoating of Businesses in NZ

ACT Leader David Seymour issued a warning via an open letter that politicians should refrain from attacking legitimate businesses while discussing New Zealand's economic challenges. Seymour stated that confidence in the country suffers when politicians scapegoat businesses, citing the oil and gas ban as a past example. He cautioned that proposals for intervention in the grocery sector are also concerning, noting that those who invest in New Zealand are the ones who drive growth.

The comments address core issues of productivity, wage growth, and inflation in New Zealand. Seymour argued that the country's economic issues are not solved by making it a more frightening place to invest or operate. He advocated for the principle that individuals should be able to own property and profit from it, accepting losses if they do not.