I can understand it if it is offshore, but if they take it down to their local building society and drop it in a christmas saver account, ultimately the money is coming from the reserve right?
It does my head in when the government starts acting as an investor. Surely profits that they could make from this sort of activity are coming at the expense of other investors.
Otherwise why not just borrow heaps of money, invest it in the markets, fund everything off the divvies and do away with taxes altogether?
