Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Wake up call for Finance Minister

Media release: 15 December 2012

Wake up call for Finance Minister

Finance Minister Bill English met with a select group of 27 young people this week to exchange views on New Zealand’s long-term financial outlook, and to hear about a publication released by the McGuinness Institute today containing a ‘fiscal tool’ for categorising alternative solutions and choices.

Amongst a wide array of possible choices contained in the group’s statement summarising a week of intense debate, assisted by Treasury officials, were levers such as raising the age of eligibility for superannuation, introducing a capital gains tax or making KiwiSaver compulsory.

“It’s great to see young people, many of them tertiary students, being called on to participate in debates about the looming fiscal crunch that will accompany an ageing population,” said Pete Hodkinson, President of the NZ Union of Students’ Associations (NZUSA), and regular speaker, on similar issues at the release of the youth statement.

“As a 22 year-old myself I share the concern of the participants in the McGuinness Institute’s LongTermNZ project (http://longtermnz.org/) that our current economic thinking is not structurally resilient to the challenges ahead – be that climate change, housing affordability or child poverty. I would also join with the view held by 89% of the group that a universal pension isn’t likely to be an option in its current form when I retire in 40 to 50 years’ time.

Jason Armishaw, a project participant who is studying law and economics at the University of Auckland, said arriving at a consensus for what the statement would contain had been a “five day mission”.

“We’re more aware now that there is going to be an increasingly hard future ahead of us, and that we need to band together, with the many ages involved, to find creative solutions … rather than brushing things under the rug”.

Amongst key messages contained in the youth statement on New Zealand’s financial outlook was a call for better engagement with young New Zealanders of all backgrounds, via online platforms and new technologies rather than just traditional media.

The statement signalled young peoples’ willingness to make trade-offs associated with hard economic decisions. It also pointed to the fast disappearing “window of opportunity” within which New Zealand has to respond pre-emptively to demographic changes and rising health costs.

It was agreed that although spending may be more fiscally constrained in the future, young people are seeking active investment in smart, more visionary long-term options – including lowering unemployment, supporting innovation and entrepreneurship, and provision of affordable tertiary education that balances learning and critical thinking with relevant skills for a changing job market.

In 2013 the NZ Union of Students’ Associations (NZUSA) will be promoting this debate more widely amongst its members and students at tertiary education campuses around the country. In addition, NZUSA is working with the Commission for Financial Literacy to facilitate learner/ student input towards a review of retirement income policies, focusing on key topics such as equal cost sharing across different generations.

ENDS ______________________

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Scoop Covid-19 Coverage: Auckland To Remain At Level 3 Restrictions, Rest Of NZ At 2 For 12 More Days


Auckland will remain at level three restrictions and the rest of the country at level two for 12 more days Prime Minister Jacinda Ardern announced.
She said this would be reviewed on August 21, but there was no indication yet anywhere was required to go to level four restrictions.
Ardern said a good start had been made in stamping out the infections associated with the Auckland family cluster and it appeared it had been picked up early. There was still no certainty about where the virus had come from, but it appeared to be new to New Zealand and not a sign the virus was dormant.... More>>

 

Government: Plan To Tackle Problem Plastics

Following the success of the phase out of single-use plastic shopping bags, the Government now has plans to phase out more single-use and problem plastics to reduce waste and protect the environment announced Associate Minister for the Environment ... More>>

ALSO:

Gordon Campbell: On The New Lockdowns, Leadership And Lebanon

As Melbourne has shown, the webs of urban life overlap so extensively that community transmission can be very hard to trace, let alone control. Each of the family members in the South Auckland family at the centre of the current outbreak will have had ... More>>


ALSO:

National: Emma Mellow As Auckland Central Candidate

Tonight the National Party has selected Emma Mellow to stand in the Auckland Central electorate for the 2020 General Election. Emma Mellow replaces retiring MP Nikki Kaye who first won the seat from Labour in 2008. Emma leads a team of communications ... More>>

ALSO:

Travel: Update On New Zealand And The Cook Islands Bubble

The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Henry Puna have welcomed the completion of phase one in the establishment of a travel bubble between New Zealand and the Cook Island. More>>

Election 2020: Labour Launch

E ngā mana e ngā reo Ngāti whātua ngā mana whenua o Tāmaki Makaurau, e tika te kōrero Ehara taku toa he toa (taki tahi) he toa (taki tini) No rēira tātou e huihui mai nei, ka ‘Hoake tonu tātou’ Thank you for that welcome. And thank ... More>>

Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme

A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages: “[We have] long supported a free trade and free movement area between Canada, Australia, New ... More>>

ALSO:

Democracy 2.0: NextElection Partners With Scoop For Exciting Democracy Tech

Joint Press Release: NextElection, Scoop.co.nz, ScoopCitizen NextElection , a technology platform empowering democracy and Government accountability, and Scoop Independent News have partnered to strengthen citizen participation in the 2020 New Zealand General ... More>>

ALSO:


Covid-19: Poll On Management Approval

New Zealanders’ overall trust in the Ministry of Health and Government to manage the COVID-19 pandemic is at 82%, down from 91% during April. Overall distrust that the Ministry and Government will manage it in ways which best protect themselves More>>

Election 2020: National Releases 2020 Party List

National’s 2020 Party List is a strong mix of experience coming up through our Caucus, and new and exciting talent joining our team from communities across New Zealand, Party President Peter Goodfellow says. “The National Party is incredibly ... More>>

Horizon Research Limited: How Judith Collins Stopped The Bleeding

Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

International Security: New Zealand Suspends Extradition Treaty With Hong Kong

The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>

ALSO:


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels