Greens' Proposed restrictions in Kiwi Saver?

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#1616328 23-Aug-2016 14:00

Linuxluver:

In one post you've revealed how little you know about the Green Party.

Well done.

I agree.. He _drastically_ understated how crazy they are.

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#1616329 23-Aug-2016 14:02

Lias:

Linuxluver:

In one post you've revealed how little you know about the Green Party.

Well done.

I agree.. He _drastically_ understated how crazy they are.

Why? because they care about the only home we have and they believe we have a responsibility to hand it on in good condition.

Here is a crazy notion, lets give peace a chance.

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#1616375 23-Aug-2016 15:50

Lias:

Linuxluver:

In one post you've revealed how little you know about the Green Party.

Well done.

I agree.. He _drastically_ understated how crazy they are.

I'm used to ACT supporters not really caring what the truth is. But the market has spoken on that....and they get barely 0.5% of the vote.

As for National....well...anyone who understands environmental policy consequences isn't a Nat supporter anyway.

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#1616604 24-Aug-2016 08:18

I liked the Green party more when Capt Jack Sparrow was one of their MP's along with other interesting characters like Rod Donald (RIP).

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#1617101 24-Aug-2016 23:27

MikeB4:

Geektastic:

What business is it of the government where a Kiwisaver fund puts money provided their investment is legal?

I hate socialists.

Green does not equal socialist

Not at all. They are more like naive pseudo-communists.

Time to find a new industry!

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#1617104 24-Aug-2016 23:38

Lias:

Linuxluver:

In one post you've revealed how little you know about the Green Party.

Well done.

I agree.. He _drastically_ understated how crazy they are.

So @lias please do explain the crazy policies the greens have, as to me they are the only fiscally responsible party in the house right now.

Crazy policies such as opposing cutting the super fund contributions which have meant $5B lost for that fund to date. With the compound interest on that taking it to over $6B.

Continuing to borrow and the "Tax Swap" that raising GST and lowering income tax left a 1B per annum hole in the budget to the point we now have $100B more debt than we did in 2008, thanks in part to Christchurch and the GFC. Had Labour not payed off so much debt from 1999-2007 National wouldn't have been able to spend up so large. Such borrowing even though international interest rates are at a historic low if our credit rating gets downgraded further things won't be as rosey in the future. Your children and my children will be paying that debt off for years. Just like Think Big, how many years did that take to pay off.

They were mocked by National for suggesting Quantitative Easing yet that's exactly what other OECD countries were doing. That would have helped to bring down the NZ Dollar and given a much needed relief to exporters.

Has repeatidly called for the retirement age to be raised which has been ignored by National. It's not like the Retirement Commissioner or Treasury think it has to be done.

And lets not talk about Housing eh?

NZ has some pretty major issues ahead which the current government seem unable or unwilling to tackle. They far prefer to be popular than to do the right thing for the nation now, and into the future.

Nigel Latta on Retirement Bomb is essential viewing in my view.

As was said during the above show, 3 options for paying for retirement. 1-Raise Taxes, 2-Raise GST, 3-Cut Healthcare. Choose one.

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#1617178 25-Aug-2016 08:59

webwat:

MikeB4:

Geektastic:

What business is it of the government where a Kiwisaver fund puts money provided their investment is legal?

I hate socialists.

Green does not equal socialist

Not at all. They are more like naive pseudo-communists.

why not put forward logical rebuttal instead of attempted put downs

Here is a crazy notion, lets give peace a chance.

Rikkitic

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#1617181 25-Aug-2016 09:12

Echo the above. This mindless parroting without any substance gets tiresome.

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gzt

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#1617183 25-Aug-2016 09:21

BarTender:
Has repeatidly called for the retirement age to be raised which has been ignored by National. It's not like the Retirement Commissioner or Treasury think it has to be done.

And lets not talk about Housing eh?

The article you linked does not indicate Green Party support for raising the retirement age. Just Labour Party support.

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#1617227 25-Aug-2016 10:22

gzt:
BarTender:

Has repeatidly called for the retirement age to be raised which has been ignored by National. It's not like the Retirement Commissioner or Treasury think it has to be done.

And lets not talk about Housing eh?

The article you linked does not indicate Green Party support for raising the retirement age. Just Labour Party support.

Sorry my bad:

https://home.greens.org.nz/speeches/green-partys-retirement-income-vision-all-new-zealanders

http://www.stuff.co.nz/national/politics/5867921/Labour-and-National-in-pensions-clash

The Green Party's policy is to keep the retirement age unchanged at 65, but co-leader Russel Norman says an urgent national conversation on raising the age should now be held.

https://www.odt.co.nz/news/politics/mps-slammed-not-raising-pension-age

Green Party co-leader Russel Norman agreed that the problem wasn't being addressed but his party did not have a policy to increase the age.

But at least they are talking about it. To refuse to talk about raising the retirement age is fiscally irresponsible for all future generations. Much like borrowing to pay for tax cuts.

Geektastic

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#1617240 25-Aug-2016 10:54

Perhaps New Zealand could look at doing what they do in a significant number of other countries with which we might compare ourselves: make saving for your own retirement free of tax.

This would also make retirement saving a more attractive option when comparing it to buying a second property and thus take a little of the demand out of the housing market at the same time. It would also reduce the burden on the state.

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#1617269 25-Aug-2016 11:20

Rikkitic:

Didn't Dr Norman receive his doctorate in economics?

Political Science.

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#1617276 25-Aug-2016 11:42

Geektastic:

Perhaps New Zealand could look at doing what they do in a significant number of other countries with which we might compare ourselves: make saving for your own retirement free of tax.

This would also make retirement saving a more attractive option when comparing it to buying a second property and thus take a little of the demand out of the housing market at the same time. It would also reduce the burden on the state.

Wouldn't even come close to making a dent in the Grey Tsunami coming for the working tax payers. Please come back to us when you have a realistic way to increase the funding for Super from 12B to approx 20B+ per annum. I assume you haven't watched: https://www.tvnz.co.nz/ondemand/the-hard-stuff-with-nigel-latta/09-08-2016/series-2-episode-2

Current 2016

20% Sub 18

65% 18-65

15% 65+

Fast forward to 2048:

16% Sub 18

60% 18-65

24% 65+ (with 4% over 85 or 20 years of Super this )

There is a 62% increase in the number of people over 65 that will be drawing from Super being supported by 10% less people of the working population between 18-65. And everyone sub-30 is now being told there won't be Super so you need to save for it yourself. So it's a double whammy, funding the over 65's with their free super using your taxes and needing to save for a retirement with Kiwisaver.

Rikkitic

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#1617284 25-Aug-2016 12:00

Geektastic:

Perhaps New Zealand could look at doing what they do in a significant number of other countries with which we might compare ourselves: make saving for your own retirement free of tax.

This would also make retirement saving a more attractive option when comparing it to buying a second property and thus take a little of the demand out of the housing market at the same time. It would also reduce the burden on the state.

Congratulations. This is actually a good idea!

Plesse igmore amd axxept applogies in adbance fir anu typos

Rikkitic

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#1617287 25-Aug-2016 12:01

wsnz:

Rikkitic:

Didn't Dr Norman receive his doctorate in economics?

Political Science.

Thank you for the correction. I wasn't sure.

Plesse igmore amd axxept applogies in adbance fir anu typos

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