We were told recently that ACC is broke. For this "reason" ACC levies" for motorbikes are to be massively hiked.

But wait a minute .... It wasn't very long ago that we were told that ACC had a surplus of $11 million, it wasn't very long age that we found out that ACC bureaucrats had "lost millions of dollars on the overseas stock market" and were never held accountable for this.

So a government department forcibly takes our money, massively, and an "over the top" amount for what it is claimed to "cover", and that same government department squanders it on gambling on the overseas stock market, renting lavish offices for their bureaucrats, paying massive bonuses to these same bureaucrats whether or not they actually do their "jobs" properly, and then they claim "we have lost all your money, we are going to have to steal more of it".

Is there something wrong with this picture?

The propaganda they come out with is amazing. They claim that motorcycle riders have some of the most expensive injuries, but statistics tell us that by far the most expensive injuries are as a result of extreme sports, and ordinary recreation sports (rugby players feature in ACC statistics disproportionately, but what is the ACC levy on rugby playing?)

Motorcyclists do not cause many accidents. Most accidents involving motorcycles also involve cars. Is this in the equation?

All this came to a head today (yesterday, sorry, I forgot it's Wednesday already) with the "bikoi" to parliament. Nick Smith apparently addressed the crowd, saying " he would ‘listen’ " but also saying that levy increases are CERTAIN.

I haven't been following this, so can't really comment with authority. But does anyone else know more?

Any ideas?