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ROCKY BAY NEVER WAS OMIHA

A Waiheke Island Myth Part 1 On Waiheke Island, New Zealand, a myth has grown up among a handful of people in the Rocky Bay Village th...

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Saturday, 24 May 2008

PAYBACK-TIME ALWAYS COMES

Those who like to have Auckland City Council governing us, because they see it as a council that 'spends more money on the island than it collects', are overlooking the fact that whenever that seems to be the case what is really happening is that we are borrowing Auckland's money. Then, sooner or later, we pay it back in higher rates.

In short, any money above what we put into the island is not a gift. It is a loan.

(And to Auckland it is money in a high-interest investment account.)

There is no such thing as a free lunch.