Responds to Brian Easton’s Pundit article on Age of SuperannuationPosted: March 19, 2017
Why do we have two plans now, NatSuper and KiwiSaver? National Super comes out of the general budget, relying on a successful national tax take, and thus establishes itself as an entitlement for all New Zealanders. KiwiSaver is a threat to that concept in that it is funded by variable earnings from investments. The fundamental reality of that is to establish a culture of winners and losers.
Since the winners/losers mentality is so fashionable today, in contrast to the need to think cooperatively in a full planet, we can expect it to be pushed with ideological zeal forcing Nat Super to the edge.