Idiot / Savant at No Right Turn details how National's tax cuts aren't all they appear to be when you dig into the detail.The cuts to Kiwisaver have a negative overall impact on the benefit of any tax cuts.
Bait and switch. Take with the left, give with the right......and so on.
As a new contributor to Kiwisaver, National taking money out of my pocket to give it to someone else is nothing new to me.
I was an electricity account holder with the trust that ran all electricity in the Kapiti area when Max Bradford's electricity reforms split lines companies and generators. The producer part went to Contact Energy, then owned by Mission-Edison in the US. The effect on me was higher electricity prices AND a reduced dividend from the power trust in their new form as a lines-only trust. Part of my dividend was being sent to shareholders in the US whose company had done nothing at all for me at any point and whom I had not chosen to deal with.
National made me give up half my electricity dividend and gave me no choice about it.
Looks like they want to take my money yet again to pay for my tax cut......and someone else's.
Looks like they want to take my money yet again to pay for my tax cut......and someone else's.
It is an unfortunate truth that when governments put money in one pocket of their citizens, they usually (disceetly) take about twice as much out of the other pocket.
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