Scoop has an Ethical Paywall
Winston Peters is doing his sums on his fingers again
Winston Peters is doing his sums on his fingers again
Press release: ACT New Zealand
August 11, 2014.
3:15pm
“If proof were needed that Winston Peters is
making policy on the fly his promise that $1000 deposited in
a Kiwi Saver account at birth would accumulate over time to
pay for a University degree sheets it home,” said Dr Jamie
Whyte ACT Party leader today.
“If Mr. Peters had spent ten minutes checking out the Retirement Commission’s web page he would have learnt the best return from the 'Winston’s buy the baby vote scheme' would be 3 percent a year.
"That means by the time recipients are 24 the 'thousand dollar baby bonus' would be worth just $2,000. The whole idea is just a bonus to the fund managers.
"There is no way Winston’s buy the baby vote bonus will pay for university,” said Dr Whyte.
“With current inflation it will probably buy their first beer.”
ENDS
Gordon Campbell: On bird flu, AUKUS entry fees and Cindy Lee
NZ Government: New Lab To Help Protect Key Pacific Tuna Fisheries
Susan Botting - Local Democracy Reporter: Ruawai Leader Slams Kaipara Council In Battle Over $400k Property
Te Pati Maori: Another ‘Stolen Generation’ Enabled By Court Ruling On Waitangi Tribunal Summons
Peace Action Wellington: Die In for Palestine Marks ANZAC day
Labour Party: Penny Drops – But What About Seymour And Peters?
Government: PM Announces Changes To Portfolios
