Originally Posted by
Aaron
I don't have a problem with millionaries and people who have done well for themselves and climbed the ladder of success. It is just when they knock out the rungs on the ladder after they have climbed it that I get annoyed.
-For example tertiary education need I say more.
-Also currently unaffordable housing you would have been able to buy at 3 to 4 times your annual income rather than 7 to 8 times, (the reasons for the increase in the housing boom are many and varied I would propose the following,1/ low interest rates and easy money as well as inflation, 2/immigration (foreign buyers can afford boomer houses and why would you accept less for your house from young NZers), 3/baby boomers realizing that although generous, NZ Super isn't enough to live on so with memories of Oct 1987 and recent finance company collapses the good old rental is really the only safe option and world central banks policy is designed to ensure it succeeds.
-In spite of John Key's assurances most people with half a brain know NZ Super is not sustainable we are just now seeing from Diane Maxwell how the next generation will need to adjust their expectations and save hard for the future as well as pay higher taxes in their best earning years to sustain the current boomer cradle to grave gravy train.
- Also you can't blame previous govts. they were voted in by a majority of the population. the last election was a good example. Labour proposed a capital gains tax, compulsory retirement savings, and raising the age of retirement to 67. National proposed changing the flag. Labour has never recovered from proposing what I thought were pretty good policies to address approaching problems.