Politics 🗳️ NZ Politics

[wizard of Tauranga]

Hipkins is not willing to commit to paying $13 billion in pay equity should he be re-elected to power.

Seems Labour was all talk about caring about woman…

 

[Noitall]

Going to be interesting to see the details around unemployed 18 and 19 year olds with means testing coming in as to whether the parents should support them. As labour says, it essentially pushes it out to 20 to still be dependent on your parents for some

 

[Noitall]

Hipkins is not willing to commit to paying $13 billion in pay equity should he be re-elected to power.

Seems Labour was all talk about caring about woman…

Hipkins won’t commit to returning $13 billion savings to pay equity regime

Nicola Willis said it was 'typical of Labour'.

www.nzherald.co.nz

Will reverse changes made, but unsure how it’s been calculated

 

[Mr Drag]

Hipkins is not willing to commit to paying $13 billion in pay equity should he be re-elected to power.

Seems Labour was all talk about caring about woman…

I'm sure their leader is one just like your Luxon, No evidence of any masculinity in any of them! Scissor Sisters!

 

[wizard of Tauranga]

Hipkins won’t commit to returning $13 billion savings to pay equity regime

Nicola Willis said it was 'typical of Labour'.

www.nzherald.co.nz

Will reverse changes made, but unsure how it’s been calculated

Well treasury does all the budget calculations so they either pay no matter what the cost or the whole showmanship the last 2 weeks had all been a big show…

 

[Noitall]

Well treasury does all the budget calculations so they either pay no matter what the cost or the whole showmanship the last 2 weeks had all been a big show…

Would be silly to get into a debate that we know both are guilty of. That’s how politics works, we saw it last election and we’ll see it next election

 

[defensivebomb]

I don’t know about you guys, but I didn’t “win” anything out of that budget. But it is nice to see the govt trying to trim costs where it can

Not a budget that excites me, but I think that’s probably a hallmark of a good budget

 

[wizard of Tauranga]

I don’t know about you guys, but I didn’t “win” anything out of that budget. But it is nice to see the govt trying to trim costs where it can

Not a budget that excites me, but I think that’s probably a hallmark of a good budget

I miss the lolly scrambles of Labour govt. Don’t enjoy paying for it now though with there resulting economic carnage…

Good to have a sensible govt again that puts the good of the country before buying support.

 

[Muddogz]

Pretty meh typical National budget for me. Lot of people worse off bar a few pensioners and an expensive tax deduction that supposedly will be slightly good for the economy in twenty years.

National have got a year to turn around the economy otherwise it could be the first one term government in a long time. They havent got much room for error if the polling is correct.

 

[miket12]

Pretty meh typical National budget for me. Lot of people worse off bar a few pensioners and an expensive tax deduction that supposedly will be slightly good for the economy in twenty years.

National have got a year to turn around the economy otherwise it could be the first one term government in a long time. They havent got much room for error if the polling is correct.

I give National until Christmas to get good unemployment, GDP and interest rate numbers otherwise one of Bishop (God help us all), Willis or Stanford) will be replacing Luxon before the Election.

 

[Bay39er]

Hipkins is not willing to commit to paying $13 billion in pay equity should he be re-elected to power.

Seems Labour was all talk about caring about woman…

I know it is the politics thread and all politicians are loose with the truth but I thought you might be better than that Wiz

From an article in NZHerald

Labour leader Chris Hipkins is not willing to commit just yet to returning the near-$13 billion in pay equity savings back into the regime should he be re-elected to power.

He says Labour would reverse changes made by the Government this month to tighten up the scheme, but he’s unsure how the savings figure announced in Budget 2025 was calculated.

Therefore, wants to see more detail before committing to returning that to pay for future potential pay equity settlements.

“They haven’t released the calculations on how they arrived at the savings they’ve delivered today, so I can’t give you numbers,” Hipkins told reporters.

“I can give you the principle. The principle is very clear for us. We don’t believe that women should be paid less than men.”

 

[John Nick]

I give National until Christmas to get good unemployment, GDP and interest rate numbers otherwise one of Bishop (God help us all), Willis or Stanford) will be replacing Luxon before the Election.

Yeah Mike. All of my clients are struggling really struggling and are saying it's getting worse and not better.
I think this current government is trying to do the right things however they have been lucky not to have to deal with any crisis like the labour government had to.
In fact I would argue that apart from wartime the previous government went through some of the worst disasters ever over their period in office

 

[Mr Drag]

“I can give you the principle. The principle is very clear for us. We don’t believe that women should be paid less than men.”

Why would you hire men if Women are cheaper!

 

[wizard of Tauranga]

I know it is the politics thread and all politicians are loose with the truth but I thought you might be better than that Wiz

From an article in NZHerald

Labour leader Chris Hipkins is not willing to commit just yet to returning the near-$13 billion in pay equity savings back into the regime should he be re-elected to power.

He says Labour would reverse changes made by the Government this month to tighten up the scheme, but he’s unsure how the savings figure announced in Budget 2025 was calculated.

Therefore, wants to see more detail before committing to returning that to pay for future potential pay equity settlements.

“They haven’t released the calculations on how they arrived at the savings they’ve delivered today, so I can’t give you numbers,” Hipkins told reporters.

“I can give you the principle. The principle is very clear for us. We don’t believe that women should be paid less than men.”

Weasel words from Hipkins who has no intention of funding that cost and and has used the opportunity to win some woman’s vote with lots of talk and little action.

Wasn’t that Labour the whole last term and why we voted them out? Lots of principle detached from reality…

Hey maybe I’m being a bit harsh and he will just borrow for everything and anything again and tax the economy to death until everyone moves to Aussie…

 

[Muddogz]

Weasel words from Hipkins who has no intention of funding that cost and and has used the opportunity to win some woman’s vote with lots of talk and little action.

Wasn’t that Labour the whole last term and why we voted them out? Lots of principle detached from reality…

Hey maybe I’m being a bit harsh and he will just borrow for everything and anything again and tax the economy to death until everyone moves to Aussie…

I think he’s wise to wait and see. The pay equity cost had blown up and getting their costings right is going to be a key to getting back in to power especially given their likely coalition partners will want to spend.

The coalition doing this under urgency is what will have pissed off most people more than the change in the equity rules.

And its worth pointing out we are still running at a deficit now and people are leaving for Australia in droves under this government.

 

[Rick O’Shay]

Some here seem happy and willing to throw away democracy, freedom, human rights and embrace hatred, fascism, authoritarianism, conspiracy, lies and bigotry. Good luck if that's to your taste

“I can give you the principle. The principle is very clear for us. We don’t believe that women should be paid less than men.”

I could be wrong here and correct me if I am but isn't this whole pay equity issue about the current value of work in low paid areas being compared to other occupations that are higher paid and using that comparison for an increase?

 

[defensivebomb]

imagine sitting next to Chloe at a dinner party


View: https://www.instagram.com/reel/DJ8m7CIT_b_/

 

[Noitall]

Weasel words from Hipkins who has no intention of funding that cost and and has used the opportunity to win some woman’s vote with lots of talk and little action.

Wasn’t that Labour the whole last term and why we voted them out? Lots of principle detached from reality…

Hey maybe I’m being a bit harsh and he will just borrow for everything and anything again and tax the economy to death until everyone moves to Aussie…

Stuff

www.stuff.co.nz

Says they’re committed and will find the money if returned to government. More heading to Aussie in recent times than previously suggests people aren’t happy with things currently either

 

[Rick O’Shay]

Despite Bishop postponing the suspension debate to allow TPM to participate in the budget debate, neither co-leader turned up once again.

 

[miket12]

All the discussion around the changes to the government contributions to KiwiSaver effecting the balance of a person retiring is based on the figure of $60,000 that Hipkins made yesterday. So, how did he arrive at $60,000 reduction in a young person starting out in KS when, assuming they would have been contributing for 45 years (aged 20-65), the amount of government contributions over those 45 years would be only $11,700 ($260 x 45 years)?

But, those saying he got it wrong are forgetting that the contribution amount not paid by the government would have compounded. Using the spreadsheet below, Hipkins (or someone advising him) used a compounding interest rate of just under 6%.



However, Hipkins failed to take into account (or, completely ignored it as it doesn't help his narrative) the impact that the increases of the employer and employee contributions would have for those working. The increase each year compounds by 1.67% (remembering that the 1% employer increase is taxed) and that has a dramatic effect on the final KiwiSaver balance. The same young worker entering into the workforce that Hipkins spoke of and earning the same compounding interest rate would be $172,000 better off if they started on $60,000 PA and never received a salary increase over the next 45 years than what their current KS balance would have been without ALL the changes announced yesterday. And, if that young person average a 1% annual increase in salary over their 45 years working, they would retire on $207,000 in additional retirement savings.

Actually, these figures would be even higher as I've only compounded it annually when being paid weekly, fortnightly or monthly adds far more on to the final increase in KS balances.



It all depends on the narrative you want to use and if you forget about how compounding the reduction in government contributions effects a KS balance or how adding compounded interest on the changes to the employee and employer contributions effects a KS balance. Oh, the games politicians (and the media) play!!!