(25-09-2025, 05:28 PM)Praktica Wrote:(25-09-2025, 03:37 PM)Lilith7 Wrote: Westpac senior economist Darren Gibbs said that "People could fill the gap with private savings"
Yeah...nah. There might just possibly be a wee problem with that idea,mate. Due to:
1) People not being paid enough to save
2) People not being able to find a job,or being unable to work
We could always set up a fairer system altogether of course, rather than to continue down the deeply unfair road of Neo Liberalism - I might be a bit picky but it seems to me that the 'to them what has lots,even more shall be given' system is just a tiny bit blardy unfair.
Then again, I am currently reading Limitarianism so may just possibly be slightly touchy on the subject. Probably comes from reading about those poor bastards who 'survived' the Bhopal gas tragedy. The survivors got sod all of anything & are still living with the effects of it. Toxic waste still present being just a part of it. The out of court settlement was less than 15% of the initial amount originally sought.
When I was working and raising kids, there was no spare money for saving - we lived from pay to pay. That was at a time when people on my income could afford to buy a house. Things now are much worse, with ridiculous rents and house prices, so saving for retirement is out of the question for the majority.
Exactly, & that was the situation for most people.
I'd quite like to see Bubbles Luxon manage it on the same income...
(26-09-2025, 08:59 AM)Oh_hunnihunni Wrote:(25-09-2025, 05:46 PM)harm_less Wrote: It turns out there was a bottleneck in that strategy right about where the landlords are.
I was thinking about that this morning and remembering how the lump sum payout from ACC when I was widowed was taxed at the maximum level, and yet the profit I made on the houses I flipped was not. And I know it is a ridiculous comparison but the personal cost of each 'profit' was so hugely different, it really exacerbates the unfairness of the taxation.
Taxes should be fair and equitably imposed. Our current system does not allow for that, it is patently clear. We need leadership with the guts and clear eyes to see that and do something about it, for everyone's benefit.
Now that would be a thing, wouldn't it - a govt with actual principles, operating a fair system.
One in which it is not possible to purchase citizenship, nor 'donate' to political parties.
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)