@Salty the idea is not terrible at all. A fund of that nature is actualy good, IMO.
The scale of it is underwhelming, as is labour tradition. This highlighted not only by the size of the landlord tax cuts that got us here, but also as you point out, by the panicked 🥚 announcement of moar car-dependency that's still much larger than the fund itself.
The worst part really though, is page 8 of their policy document here:
https://www.labour.org.nz/futurefund
"We've heard the lesson of last term: too much, too fast."
That is exactly the same line he used to justify his "policy bonfire" when he took over from Ardern.
receipt:
https://newsroom.co.nz/2023/01/21/labour-mps-gather-to-choose-new-pm/
He's learned nothing, is what I worry.
He is signalling to campaign on doing fewer things, but also slower?
After seeing the speed with which the current lot move?
It makes me wonder why labour's first move is to mitigate any fear of tax reform... which is btw, what most of their voters want.