Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Winston is stuck in the past over Super

Winston is stuck in the past over Super


ACT Leader David Seymour says Winston Peters in a state of outdated denial over the rising cost of superannuation.

“Winston Peters’ argument might have stacked up in his ’80s heyday, but things are different now. People are living far longer, and retirement can last 30 years. Half of today’s newborns are expected to live to age 100.

“Winston’s favourite trick is to say we currently spend less on Super than other OECD countries. But again, he fails to look forward. The issue isn’t today’s cost, it’s the cost further down the line.

“We already spend about as much on Superannuation as we do on the education system. But if we don’t change our policy, government debt will reach 206 per cent of GDP in 2060 when current university students are retiring. That’s worse than the current debt of economic basket cases such as Zimbabwe (203 per cent) Greece (179 per cent), Italy (133 per cent) and Portugal (121 per cent).

“This debt means higher taxes, a stagnant economic, and ultimately, poverty and despair.

“Winston is happy to saddle today’s young people with a future of debt. Instead of looking forward, he’s looking back, protecting the interests of his current supporters, whatever the cost to future generations.”

ACT would gradually raise the age of eligibility from 65 to 67, starting in 2020.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

'Delivering': Joyce On Budget 2017

The new operating investment in Budget 2017 includes:

· Investing in a Growing Economy – $1 billion over four years to keep building a sustainable growing economy, including a further $373 million in the Innovative New Zealand Programme.

· Building Public Services - $7 billion over four years to deliver the public services for a growing country...

A key part of the Budget is a $2 billion a year Family Incomes Package, which is designed to provide better rewards for hard work, to help families with young children meet their living costs, and improve incomes for those struggling with high housing costs. More>>

 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election