Politics 🗳️ NZ Politics

[defensivebomb]

Maori men die around 74 years old. Essentially work until you die if it's 70.

Yeah right
How does that fit with people who do physical jobs
Tradespeople
To name one

well, those are both fair points, my preference would actually be user pays super. So no state funded super, and employer-matched KiwiSaver at whatever level is necessary to provide for the retirement people want to enjoy

No KiwiSaver withdrawals until you wish to retire (ie no withdrawals to buy a house etc)

But that’s just me. User pays.

Otherwise, super is just a state-administered Ponzi scheme

 

[defensivebomb]

It’s probably sounding quite shit to put it like that

But let’s face it, it is a Ponzi scheme

Like, if someone does a job, any job, why should the younger generation pay them when they turn 65-70? Shouldn’t their lifestyle be funded by them and their family?

 

[kos]

Ok
How far do you want to take user pays
Education
Who paid for your education
Yes that’s right todays retirees
It’s a social compact which just gets continually chipped away at.

Anyway Ai may threaten the whole system
Jobs destroyed govco income from income tax lowered
Individuals with no career prospects
All threatening possibilities

 

[MaybeTop8]

To be honest, it should be universally 70 years old, and means tested. Bring the cost right down

What's the ranges of life expectancy across different ethnic and financial boundaries?

 

[defensivebomb]

My mother who s 100 this year retired and went on a pension at 60

But isn’t that a good reason to increase the age from 65 to 70? Why should taxpayers fork out for 40 years?

(No disrespect intended)

 

[defensivebomb]

What's the ranges of life expectancy across different ethnic and financial boundaries?

Yes I take your point. But that’s a good reason to make it user pays. It evens out the ethnic and financial ranges

 

[kos]

But isn’t that a good reason to increase the age from 65 to 70? Why should taxpayers fork out for 40 years?

(No disrespect intended)

Did you know previous generations paid far more income tax than today’s workers
Way more
I was eating 50 k a year in 1990
15000/20000 of that was taxed at 50 per cent
Where did that money go?
It was funding all the free services that Gen Z got before starting work.
Not all of us can get to a position where we can survive on our own capital when we retire
Divorce physicl injuries mental illness - many different factors
So you are saying remove the support for retirees and make it user pays
Can I get a refund for all the components of my tax that supported Gen Z?

 

[kos]

Did you know previous generations paid far more income tax than today’s workers
Way more
I was eating 50 k a year in 1990
15000/20000 of that was taxed at 50 per cent
Where did that money go?
It was funding all the free services that Gen Z got before starting work.
Not all of us can get to a position where we can survive on our own capital when we retire
Divorce physicl injuries mental illness - many different factors
So you are saying remove the support for retirees and make it user pays
Can I get a refund for all the components of my tax that supported Gen Z?

Earning not eating lol

 

[defensivebomb]

Did you know previous generations paid far more income tax than today’s workers
Way more
I was eating 50 k a year in 1990
15000/20000 of that was taxed at 50 per cent
Where did that money go?
It was funding all the free services that Gen Z got before starting work.
Not all of us can get to a position where we can survive on our own capital when we retire
Divorce physicl injuries mental illness - many different factors
So you are saying remove the support for retirees and make it user pays
Can I get a refund for all the components of my tax that supported Gen Z?

I would phase it out, so all workers receive what they signed up for. Starting with 18 year olds this year.

So retirees would still receive what they thought they’d receive etc

 

[kos]

A grandfather clause?

 

[defensivebomb]

A grandfather clause?

Precisely. With those halfway through their working life (42year olds) would only qualify for 50% etc

In any case, I’m not entering politics, so no need to be concerned

I just think politicians need to suck it up and do something, otherwise the whole thing falls over in a few decades

 

[kos]

Yeah well that’s due to the low birth rate
Older people had more frequent activity compared to today’s younger generations
Aus Nz govts try and beat that by importing migrants
It’s an interesting debate
Be nice to hear more views
I ve got to watch my no 2 nrl team

 

[tyrael]

Earning not eating lol

Actual picture of @kos in 1990.

 

[John Nick]

Yeah well that’s due to the low birth rate
Older people had more frequent activity compared to today’s younger generations
Aus Nz govts try and beat that by importing migrants
It’s an interesting debate
Be nice to hear more views
I ve got to watch my no 2 nrl team

Don't tell me you support the Roosters there Kos

 

[MrFrankWhite]

Yeah right
How does that fit with people who do physical jobs
Tradespeople
To name one
Bodies fxxd at 55 if they are lucky
70 is ott
My mother who s 100 this year retired and went on a pension at 60

You’d think after all those years of trades, they’d be able to provide for their retirement?

 

[wizard of Tauranga]

Raising the retirement age is tactical.

National can use those savings to fund a lolly scramble while still getting the books in order.

If Labour opposes it, they face meeting all their existing obligations like fair pay agreements and look fiscally irresponsible. Tax, tax, tax!

Bit of electoral economic snooker going on. I think. It will backfire upsetting a lot of people though.

 

[MaybeTop8]

Yes I take your point. But that’s a good reason to make it user pays. It evens out the ethnic and financial ranges

We have paid, in taxes.

 

[MaybeTop8]

You’d think after all those years of trades, they’d be able to provide for their retirement?

Meanwhile in the real world

 

[Noitall]

Raising the retirement age is tactical.

National can use those savings to fund a lolly scramble while still getting the books in order.

If Labour opposes it, they face meeting all their existing obligations like fair pay agreements and look fiscally irresponsible. Tax, tax, tax!

Bit of electoral economic snooker going on. I think. It will backfire upsetting a lot of people though.

Can’t imagine it would be popular with Winston and losing NZ first’s support would be a tough road for national and act to form a government