Agreed but I'm incensed he can have oysters and chips at the beach whenever he likes and I suspect he only "says" he can't afford honey.
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I guess we can blame the short-sightedness of previous governments. They needed to have kept taxes high so that more was put aside for the retirement costs of those who were working at the time. With a short three-year term, governments are always trying to garner votes by thinking of ways to cut taxes to appeal to the older and wealthier who are more likely to pop into the polling booths.
Some of the blame for inadequate provisioning for today's retirees can be laid on Muldoon - ironically a big state interventionist himself - who classified the then mooted super scheme as Soviet-like!
http://www.nzherald.co.nz/business/n...ectid=10465138
Jeez Aaron its getting worse for the real young ones - todays ratepayers dont want to pay for infrastructure to be used by their children, but are quite happy to use existing infrastructure built by their parents
http://www.interest.co.nz/property/8...nue-streams-or
I suspect the majority of homeowners and investors are boomers and this is a continuing theme we are seeing. It must stick in the boomers craw a bit that councils are looking forward to the future and asking current homeowners to stump up. The usual boomer response would be to get the councils to borrow more so that future generations can pay for it if the magic of inflation doesn't work but maybe councils are getting loaded up with debt too soon. Ideally the credit card gets maxed out after the last boomer pops his/her clogs.
This thread should be renamed "the Aaron and Bjauck whinge."
Your irrational rants just sound like sour grapes. Get off your butts and get on with life rather than finding other people to blame for your inadequacies. There is an old saying that " the harder I work the luckier I get".
...Would all the "accidental" boomer millionaires owning housing over the past decades in Auckland agree that it was all their "hard work" and not benevolent interest rate falls and benevolent Government tax and immigration policies that created much of their wealth? However, I guess this is slightly off the original topic.
Please point out why you think they are irrational.Quote:
Your irrational rants
Hey Aaron - I just got a email saying that my entitlement is going up by $5 a week from April 1st
Cool eh