National burn down KiwiSaver to now save the village???
During the Vietnam War, an American Major defended the bombing of a village by stating…
…fast forward to the present and we have this bizarre situation where National – AFTER SLASHING THE KIWI SAVER SUBSIDY IN HALF – is now pretending to save the KiwiSaver?
What the actual…
National to make KiwiSaver compulsory, if elected
The National Party plans to make KiwiSaver compulsory for all workers, if re-elected, as part of a suite of changes that would cost more than $1 billion over four years.
The party would also automatically enrol babies, pay a government contribution to those on parental leave and make employer contributions for those over the age of 65 compulsory.
RNZ
…so National had to burn down KiwiSaver to save the village did they?
Do they think we are stupid?
We all saw them slash our KiwiSaver subsidy in half, why do they think refusing to repair the damage they caused and gloss over that will con us?
Do they think we have forgotten what National under the spineless leadership of Luxon has done?
- National allowed a needless race war erupt over the racist Treaty Principles Referendum
- National borrowed $14billion for tax cuts we couldn’t afford
- National gave $300 million to Tobacco interests
- National gave $200million to Gas and Oil industry
- National gave $3billion to Landlords
- Luxon secretly wanted to support Trump’s illegal war
- National have sided this country with war criminals
- National kneecapped pay equity for 100 000 workers
- National policies have seen child poverty increase from 11% to 14%
- National created the homelessness problem and then arrested the homeless as a response
- National are filling our prisons with shoplifters!
- National have waged a war on the environment, lowering emissions standards and clean water standards for their Farmer mates
- National took secret policy advice from the biggest polluters to stop legal action against them.
- National destroyed Labour’s infrastructure pipeline and have seen Unemployment spike
- Unemployment for Auckland is 6.6%, Wellington 6.7%, Christchurch 5.4%, Māori 11.5%, Pacifica 11.7% and youth unemployment is 17.3%
- National saw 200 000 flee to Australia
- National has cut almost 20 000 public service
- National are borrowing far more than Labour did and Labour had once in a century pandemic to deal with.
- Luxon has mocked poor people for complaining about school lunches.
- National has strangled the common good for their donors interests.
Why would anyone trust anything National said?
So, judging by comments here it’s a bad thing?
A start-up subsidy!
A great new idea from National.
Not.
It was there from the start but Key’s government took it away, as well as reducing the tax credit.
Bringing back something you took away is not innovation or being clever, it is admitting you were wrong in the first place.
Quite a few things they have got wrong now and they are feeling peeved that the media are calling them out on that.
Kiwisaver is a pension fund. Pension funds are used by their private owners to gamble in the great global casino. (shares, hedge funds, currency markets, commodities markets, bond markets etc). They gamble with working people’s money. There is no government guarantee if the whole thing goes belly up.
THAT is why we need government super, not private pensions.
Government super needs government income and the number of workers to support each retired person keeps dropping. Since we have a pay as you go scheme that will require more tax from each taxpayer or more young working people. Some financial investments are safer than others which is why people can choose the level of risk and potential return that suits them. I believe that pension and some form of government super can coexist and provide dignity in retirement for the future although there will be some pain in the transition period.
“Do they think we are stupid?”
Yes. Or, at the very least, they’re banking on enough people being sufficiently stupid (or self-interested) to see their money-grubbing backsides safely back on the government benches.
Back in the day, you’d do your time as a productive, tax-paying citizen, funnelling all of those hard-earned dollars into the government’s coffers in the expectation they’d look after you in your golden years. Not anymore. It’s every man for himself. Want an education? Pay for it! Want adequate healthcare? Pay for it! Want to eke out the last remaining years of your life in a warm home with a full belly? Pay for it! Governments aren’t terribly interested in taking care of their citizens anymore. They just want to wring as much cash out of you as possible before you finally expire.
I don’t think that governments were ever that interested in looking after the population although the population demographics covered their ineptitude as the number of workers was much greater than the number of retired people who also did not live as long.
It’s worse than that. National over the terms of two governments have reduced the Kiwisaver contribution by 75% to its current level. Now they value it?