More than 9000 people aged over 65 earn more than $200,000 a year, and another 33,000 earn between $100,000 and $200,000 – and the Retirement Commissioner says it’s fair to question whether they should be able to claim NZ Super as well.
They shouldn’t.
In principle all welfare should be means tested so that it goes towards those who need it. The exception is if the cost of means testing would be close to the savings from it.
Super costs around $28,000 a year per recipient. If you means tested it to only those earning under $100,000 you would save $1.17 billion a year. That is worth doing.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders
In principle all welfare should be means tested so that it goes towards those who need it. The exception is if the cost of means testing would be close to the savings from it.
Super costs around $28,000 a year per recipient. If you means tested it to only those earning under $100,000 you would save $1.17 billion a year. That is worth doing.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders
No comments:
Post a Comment