Spin Alert
Compulsory taxpayer funding of political parties is a hard package to sell, so Labour has started to call it, get this “democracy funding”.
Forcing me to fund the Labour Party, and calling to democracy funding, is to be blunt akin to having the locals thugs demand protection money to not burn down my store, and calling it insurance funding.
Both Labour and National managed to raise enough money to spend the maximum they were allowed to under law. There is no need to steal further money from the taxpayers.
UPDATE: Tony Milne responds, and Red Letter does a pros and cons post on taxpayer funding.