Our aging population

[harm_less]

Interesting Treasury statement today. Some very drastic scenarios presented but no suggestion of CGT. Is this closed-mindedness?

[Lilith7]

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.

[Oh_hunnihunni]

Women make up the bulk of the aged population. Women, who outlive men, have fewer opportunities to save, and often face bigger obstacles to being well funded into their senior lives.

Means test super you raving fools, and put in a fair taxation system that includes a sensible balanced cgt. As part of the redesigning of our failing economic system...

[heisenberg]

Women make up the bulk of the aged population. Women, who outlive men, have fewer opportunities to save, and often face bigger obstacles to being well funded into their senior lives.

Means test super you raving fools, and put in a fair taxation system that includes a sensible balanced cgt. As part of the redesigning of our failing economic system...

yea lets tax people more take it off the workers and give it to the shirkers

how about not wasting the tax money in the first place

always with the neo liberalism

[Lilith7]

Women make up the bulk of the aged population. Women, who outlive men, have fewer opportunities to save, and often face bigger obstacles to being well funded into their senior lives.

Means test super you raving fools, and put in a fair taxation system that includes a sensible balanced cgt. As part of the redesigning of our failing economic system...

That would be an excellent idea - there's just one small problem with it.

It would make sense....

---

Women make up the bulk of the aged population. Women, who outlive men, have fewer opportunities to save, and often face bigger obstacles to being well funded into their senior lives.

Means test super you raving fools, and put in a fair taxation system that includes a sensible balanced cgt. As part of the redesigning of our failing economic system...

yea lets tax people more take it off the workers and give it to the shirkers

how about not wasting the tax money in the first place

always with the neo liberalism

Ah there it is - the plaintive cry of the right wing greeder, terrified at the mere thought that someone in desperate need might actually be helped...

[king1]

I thought the solution was tax cuts, tax cuts, tax cuts - get more money in peoples pockets so they can spend more, stimulate the economy... How's that one working out?

[Praktica]

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.

[harm_less]

I thought the solution was tax cuts, tax cuts, tax cuts - get more money in peoples pockets so they can spend more, stimulate the economy...  How's that one working out?

It turns out there was a bottleneck in that strategy right about where the landlords are.

[heisenberg]

Women make up the bulk of the aged population. Women, who outlive men, have fewer opportunities to save, and often face bigger obstacles to being well funded into their senior lives.

Means test super you raving fools, and put in a fair taxation system that includes a sensible balanced cgt. As part of the redesigning of our failing economic system...

That would be an excellent idea - there's just one small problem with it.

It would make sense....

---

yea lets tax people more take it off the workers and give it to the shirkers

how about not wasting the tax money in the first place

always with the neo liberalism

Ah there it is - the plaintive cry of the right wing greeder, terrified at the mere thought that someone in desperate need might actually be helped...

right wing greeder lol you’re the one wanting other peoples money

---

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.

but you said you were better educated than i was in a previous post

should have used that better education to get a better job

[Oh_hunnihunni]

Women make up the bulk of the aged population. Women, who outlive men, have fewer opportunities to save, and often face bigger obstacles to being well funded into their senior lives.

Means test super you raving fools, and put in a fair taxation system that includes a sensible balanced cgt. As part of the redesigning of our failing economic system...

yea lets tax people more take it off the workers and give it to the shirkers

how about not wasting the tax money in the first place

always with the neo liberalism

Shirkers? The biggest shirkers are those who evade their taxes. Who make their money here using resources and labour from here, who then move the business overseas because its cheaper to do that. The real shirkers who don't need social welfare benefits but sign up and take them anyway. The real shorkers who hire minimum wage young people to clean their homes, bring up their kids, do their shopping, so they can continue to earn huge salaries in important jobs.

Need more? 

---

That would be an excellent idea - there's just one small problem with it.

It would make sense....

---

Ah there it is - the plaintive cry of the right wing greeder, terrified at the mere thought that someone in desperate need might actually be helped...

right wing greeder lol you’re the one wanting other peoples money

---

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.

but you said you were better educated than i was in a previous post

should have used that better education to get a better job

Education isn't about getting a better job. It is about being a better human being.

[king1]

Admin Comment

Everyone needs to focus on what is being said, NOT who is saying it.  This is a discussion board, not a bitch and whine about the left or right board.  Please use reasoned argument to make and refute claims, not insults and references to personality traits.

This post has been modified by TMMB Moderators.  Unauthorised removal is against the rules.

[Oh_hunnihunni]

I thought the solution was tax cuts, tax cuts, tax cuts - get more money in peoples pockets so they can spend more, stimulate the economy...  How's that one working out?

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.

[Praktica]

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.

Too many people in positions of influence are invested in the current system. To break it will need a strong break - either driven by disgruntled people, or by an economic catastrophe.

[Oh_hunnihunni]

Or maybe a non economic catastrophe. After all our industry based growth focused economy has lead us into climate change. Which is an extinction level eventuality. If that isn't a catastrophe I don't know what one is...

[Praktica]

Or maybe a non economic catastrophe. After all our industry based growth focused economy has lead us into climate change. Which is an extinction level eventuality. If that isn't a catastrophe I don't know what one is...

Climate change is a slow burning thing - it doesn't get people's attention. An economic catastrophe could happen tomorrow...

[Lilith7]

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...

---

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.