Politics 🗳️ NZ Politics

If you take out the govt subsidy, then you are just left with a copayment between an employer and employee to a quarantined account to be accessed upon turning 65

You may as well just negotiate with your employer when joining the “co-pay” into a managed investment fund, as there really is no upside for you personally to have the govt lock up your access to these funds

However, I look at it from the lens of - if it wasn’t there, I wouldn’t be saving for my retirement
 
No surprises this government is deliberately underfunding core institutions


View: https://bsky.app/profile/nzheretic.bsky.social/post/3lrcfony6ok2u

To be fair, Orr was hopeless. If you feel the economy is rooted, look no further than the man who, while inflation was out of control, was off lecturing the world’s reserve banks that he was a kauri tree, and then had the gall to say he couldn’t do his job with a smaller budget

NZs economy is better off without him
 
I’m not a fan of any withdrawals personally

A withdrawal to buy a home just adds to demand, which, with a limited supply, results in a higher price

A withdrawal for genuine hardship or life threatening illness is another story

KiwiSaver is there for retirement. Allowing withdrawals for home ownership is just the government using a tool for super to fix a housing problem
First home ownership is a great initiative - especially when paired with the support previous government provided.
Incentivising home ownership and housing security is only a good thing given the way society is going.

Limiting KS to those two life milestones of first home ownership and retirement seems really solid policy I would think.
 
And here's some much needed information on the author of the far right sponsored "unofficial" ardern biography. I'll expect the usual postings.

Lots of posts about a biography no one cares about and isn’t even done yet. This must be a Sun Tzu's case of prentice attacking something you greatly fear…

Ardern was divisive, incompetent, a PR expert but not much else. She left us broke and with the worst recession in 30 years and in Labour ministers own words was unelectable in 2023.

Don’t need a book to tell us what we already know.
 
No surprises this government is deliberately underfunding core institutions
Core institutions are taking the piss. The govt is taking the advice of Treasury and INCREASING their funding by 21%, just not giving them the overfunding they want. Glad your not finance minister or we would be broke!

“The Reserve Banks…. Fulltime equivalent staff numbers increased from 255 in the 2017/18 year to 660 in January this year.

No, this isn’t a manufactured crisis, the reserve bank has been hopeless.

 
Latest Taxpayer Union poll is good news for Labour who would have more seats in Parliament than National but the left parties would only have 60 seats compared to the right.

All this shows is that the next election will be really close.
 
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