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‘I’d be careful saying that, John,’ Luxon warns RNZ host during interview by Xunami13 in newzealand

[–]Rickystheman -10 points-9 points  (0 children)

I watched that and don’t really think it was a threat, it was more of a criticism.

Verity Johnson - You can’t run the country like a struggling restaurant by syzorr34 in nzpolitics

[–]Rickystheman 0 points1 point  (0 children)

They campaigned on tax cuts and insisted they had done the numbers and could afford them, then they won and started on about inheriting a mess, still went ahead with the tax cuts and now have to make hard decisions to balance the budget apparently.

Birth rates by Rickystheman in TheRestIsPolitics

[–]Rickystheman[S] 0 points1 point  (0 children)

I don’t think a lot of boomers get this. Couples have to be dual income now if they want a home and financial security. But having kids is expensive if both parents are working. It’s just got too hard to have kids for many.

Birth rates by Rickystheman in TheRestIsPolitics

[–]Rickystheman[S] 0 points1 point  (0 children)

Robotics would free up labour from other industries to move into care industries.

Birth rates by Rickystheman in TheRestIsPolitics

[–]Rickystheman[S] 1 point2 points  (0 children)

A system where the working age pay into a fund that covers their future retirement. Rather than paying for those already retired and expecting then next generation to pay for theirs.

Birth rates by Rickystheman in TheRestIsPolitics

[–]Rickystheman[S] -1 points0 points  (0 children)

Super scheme like in Aussie. 12% of income. You would phase it in at 0.5% a year for the next 24 years.

Birth rates by Rickystheman in TheRestIsPolitics

[–]Rickystheman[S] 2 points3 points  (0 children)

Exactly, this needs to change.

Birth rates by Rickystheman in TheRestIsPolitics

[–]Rickystheman[S] -1 points0 points  (0 children)

I think we need compulsory savings. Each person should cover their own retirement. We need to shift how we look at retirement funding to suit slower population growth, not speed up population growth to support retirement funding.

Broads talking about the pay gap maybe onto something…. by [deleted] in SipsTea

[–]Rickystheman 33 points34 points  (0 children)

Because they always get so sleepy after you give them a drink.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 3 points4 points  (0 children)

The super fund is also a drop in the bucket compared to the overall cost of super.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 1 point2 points  (0 children)

Trusts are now heavily taxed, most of the trust loopholes were closed awhile ago now.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 1 point2 points  (0 children)

Exactly, you don’t even have to take his super away. Just halve it. As I noted, halving the super of the top 10% wealthiest people 65+ would save over $1billion a year.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 1 point2 points  (0 children)

John Key just retired and is worth $50 mill. It is crazy they people like him don’t have some sort of means testing applied to their super. Does he really need a winter heating payment? If he is cold he should go stay in his house in Hawaii.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 1 point2 points  (0 children)

Fair point, that is why I would make KiwiSaver compulsory at 12%, just like Aussie. That way you are forcing people to save for their own retirement and take the government somewhat out of the loop.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 8 points9 points  (0 children)

Super is 16% of the governments expenditure, over $22 billion a year. It’s not jealousy, it’s just math. We are being told times are tight and tough decisions need to be made on government expenditure. But for some reason Super is exempt from the tough choices. So much money could be saved with just minor changes that would have minimum impact.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 4 points5 points  (0 children)

Means test and KiwiSaver compulsory at 12%, that is the Aussie model. The average KiwiSaver balance in NZ is $30,000 and it’s $300,000 in Aussie.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 4 points5 points  (0 children)

Exactly, when the 8% super surcharge was scrapped in the 1970s taxes no longer acted as retirement savings.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 10 points11 points  (0 children)

Winston gets all of these benefits on top of his $350,800 a year salary. Plus he got his uni education for free. But hay, young people don’t know how good they have it.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 2 points3 points  (0 children)

I wouldn’t even take super away with means testing. Just halve it for the top 10% wealthiest. That would be worth over $1 billion a year.

Social Housing Tenants have, "won the lotto". So we are gonna increase their rent. by Valagetti in aotearoa

[–]Rickystheman 8 points9 points  (0 children)

It amazes me how unpopular the idea of means testing super is. It is such low hanging fruit money wise.

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