MikeB4: Superannuation is not a Welfare Benefit.
What is it then? It's a government transfer payment just like any other form of 'welfare benefit'
It is the Government pension, - welfare benefits are a separate issue.
Now for those that feel that it should be means tested, I wonder how many would support me if I was to say -
"OK, rather than draw my pension when eligible (in other words forgo it), I will continue to work rather than retire. But in return for losing my pension, I feel that I should no longer be eligible for income tax."
Dole, DPB, Sickness benefit , Pension, they are ALL welfare payments being paid for by those currently paying taxes.
No money has EVER been set aside for your pension, the tax you paid, paid for the retirement of those before you.
However I am currently paying taxes (which pay for the pension) AND paying into Kiwisaver, so I get to pay twice with no guarantee that there will be any government pension when I retire.
If you are working, you are not retired, but while you are filling that job there is someone on the dole who is missing out. So why should 2 benefits get paid by the tax payer ?
>No money has EVER been set aside for your pension, the tax you paid, paid for the retirement of those before you.
Holy crud batman - I must have dreamed of paying pension and my dad must have dreamed it and MikeB must have dreamed it and every other kiwi person who ever paid pension must have dreamed it.
Seriously - check your history. and make sure you check it pre internet and google - it's really not that long ago.
Let me turn this around - Why should YOU benefit by the use of power generated by think big projects, paid for by the pension money put aside by MikeB, my dad and others, and then mis-appropriated by Muldoon for think big projects?