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  1. What we don’t need is for the government to tax the working age population to generate an additional surplus of $500m to put into the NZ Super fund, especially while there are horrendous social deficits. The working age population is paying for pensions twice-the babyboomers’ pensions, and contributing to their own- all the time suffering today.
    The 30% GDP ceiling is an artifact of accounting definitions. The assets in the NZSF does not count as an offset to gross debt- puting money in is not government spending so appears costless now- but when it is spent from the fund it will count as government spending– further limiting what is left for redistribution after paying for an ageing population

  2. Also the educational damage when children have to repeatedly change school because the rent is going up.

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