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| Thread ID: 104030 | 2009-10-14 17:48:00 | Bill English is going to borrow 250 mil a week ! | Digby (677) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 820549 | 2009-10-18 00:56:00 | "Factor in that this $250M per week is for every NZer, but more than half of those people do not generate a taxable income with which to repay the debt (ignoring the pseudo-tax 'paid' by beneficiaries, which is really paid by workers)." Paul Cov I take exception to some of his above. I paid Income Tax all my working life. Some of that money was for Superannuation. So I entered a contract with the Govt of that time, by default, to pay me a pension when I retired. If that contract had been with a Private Sector firm & they would not honour their obligations, there would be a huge hue & cry. Out of work, sickness & disability benefits are some thing else. Double dipping on Ministerial Houses is another. Some years ago when I had a heart attack & subsequet by-pass jobbie, I got finished at work. At my Income Support interwiew I was in tears with shame & embarrassment. She took me out to their smoko room & got me a cup of tea. She said, "Don't be upset. You have paid into the system for years, now it is time to get some of it back, you did work for it. The people we don't like dealing with are the obvious bludgers & we help them as lttle as possible." PJ |
Poppa John (284) | ||
| 820550 | 2009-10-18 01:08:00 | Well said Poppa John. I also pay into the super fund and yet there are rumours there won't be a pension when I retire | gary67 (56) | ||
| 820551 | 2009-10-18 01:38:00 | Well said Poppa John. I also pay into the super fund and yet there are rumours there won't be a pension when I retire I sympathise with you,& all the others. Over the years, various ways, schemes have been in use to accumulate funds for pensions.Unfortunately, any ***** of a Govt has used that money for other things. It was never sacroscant, unless you were/are an MP or Civil Servant.Can you remember Rob Muldoon just that. They just cannot keep their hands off it. Not long ago, Labour had another go. Investing a special money fund on the world share market, it was doing well. National, of course, didn't like that. So..like all sharemarkets, the profit goes up & down. National was quick to jump on the "Down". I believe National are tinkering with it already. They don't want to put yearly funds into the kitty, because they might have to borrow that money. (Yet Bill English is prepared to borrow $250m a week!!!) It would seem to me that an untouchable invested Pension Fund, properly administered would not be so difficult to do. Dont tie pensions to inflation, rather, tie them to MPs salary increases. In fact, dont pay the massive MP pensions, give them the same as the rest of us. Each year Govt would be required to give the Pension Fund an amount of money, agreed upon, from the tax take to keep investing. PJ |
Poppa John (284) | ||
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