Tuesday, March 18, 2008

Kiwisaver policy

So the Nats will keep some version of Kiwisaver, just like they are keeping a 39% top tax rate, just like they are keeping the Maori sears, just like they are keeping the RMA, just like they are keeping the Employment Relations Act, just like they are keeping democratically elected DHBs, just like they are keeping centrally funded schools, just like they are keeping the nuclear free policy, just like they are keeping the unbundled local loop, just like they are keeping the subsidised TVNZ, just like they are keeping local government's power of general competence, just like they are keeping the Ministry of Economic Development, just like they are keeping income related state housing rents...
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Here is a thought for Kiwisaver policy.
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Grant full tax deductibility for any income from Kiwisaver, then privatise it.
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Meanwhile make it clear that National Superannuation in its present form will not be sustainable and that those who don't save for retirement in one form or another should expect little from the state. While you're at it, you might just want to the total taxation burden to let people do that.

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