22-09-2023, 09:43 AM
(This post was last modified: 22-09-2023, 09:54 AM by Oh_hunnihunni.)
Hopefully me too kenj. I do wonder though how old dken is...
There is a common misapprehension about taxes and their future benefit. National Superanniation is not a pension scheme, it isn't kiwisaver, or like any other retirement savings scheme. The taxes we pay on a daily basis are not dedicated to any one purpose, but many, so the oft repeated complaint that ' taxes don't match super' fails to take into account the large numbers of working adults who never get to receive superannuation. They die too young to benefit. And large numbers of those were and are the hardest working of the lot in a physical sense, and potentially the most in need of a decent retirement income. Raising the age simply means fewer will live long enough to receive it.
Instead we need to focus on improving health and education, which will have measurable positive impacts on the economy, in both savings and productivity. That, and a fairer tax system would go a long way towards making this country an even better place for everyone, especially those whose daily working lives contribute and cost them more than others.
There is a common misapprehension about taxes and their future benefit. National Superanniation is not a pension scheme, it isn't kiwisaver, or like any other retirement savings scheme. The taxes we pay on a daily basis are not dedicated to any one purpose, but many, so the oft repeated complaint that ' taxes don't match super' fails to take into account the large numbers of working adults who never get to receive superannuation. They die too young to benefit. And large numbers of those were and are the hardest working of the lot in a physical sense, and potentially the most in need of a decent retirement income. Raising the age simply means fewer will live long enough to receive it.
Instead we need to focus on improving health and education, which will have measurable positive impacts on the economy, in both savings and productivity. That, and a fairer tax system would go a long way towards making this country an even better place for everyone, especially those whose daily working lives contribute and cost them more than others.