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
3 comments:
If one has contributed all one’s working life to pay tax and been promised a pension, then they should be eligible to receive it. I for one am more indignant about faux Māori breaking our country financially and racially, without appreciable benefit to the country.
Totally disagree. If you’ve worked hard, paid lots of tax to support the country throughout your working life; you deserve it. What this government needs to do is tackle this issue is follow Roger Douglas’ plan. But that won’t happen as it is politically too dangerous. So we are going to go broke. My prediction is in 20 years the majority of pensioners in this country will be in extreme poverty.
I would agree with you but only if all the excessive spending towards Maori projects gets totally curtailed as well. Oh, hmmm....if the government curbs unnecessary fringe benefits, defunds the MSM, gets the able -bodied working and cuts the number of parliamentary seats as well. In other words, if I can see they are listening to the people who voted for them I can support cost saving initiatives.
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