:D sometimes it seems good in the moment
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With the current rate, 100% of population should be vaccinated in about 90 weeks.
https://www.nzherald.co.nz/nz/covid-...UN6MRMCOQKO2U/
You may not have seen this - it is premium content.
https://www.nzherald.co.nz/business/...JKQZ4FC4K6BGU/
In short, generation is increasing as it is required with smaller plants (wind generation being keen) and Transpower is bullish on "distributed generation".
Residential power demand was stagnant for more than a decade, now its not.
Clear incentives to bring more power online + tiwai closing soon.
Sarcasim?
Not the plan that they have exposed.
It is odd that people extrapolate the existing rate without understanding the planned increase in rate (which they have followed so far).
Bloomfield said today (at the 1o'clock) that they had additional providers to come onstream in late July.
It would have been pointless vaccinating at a faster rate when we weren't going to get the vaccine to use.
How much solar and wind power waiting to hit the market? According to some scientist speaking on radio earlier this week, there is all sorts of wind and solar options close to being operational that we will have to find ways to export it. And don't bet on Tiwai closing soon. They're haven't been operating at Bluff for all these years without learning something from the name.
From the paywalled article I posted above
"Meanwhile, Meridian Energy expects to start building its $385m Harapaki wind farm in Hawke's Bay in the second half of this year. Harapaki will be New Zealand's second-largest wind farm - after Trustpower's Tararua site - with 41 turbines
generating enough to power more than 70,000 average households.
And Mercury's Turitea wind farm, near Palmerston North, is under construction. The project, expected to generate 470 GWh a year, is expected to be the country's third largest."
Seems Govt thinks most Kiwis earn more than they really need to live today and should be putting heaps more aside for their 'golden years'
https://www.nzherald.co.nz/business/...QOGQJVKENEQ2I/
Not content with State subsidy to the tune of tens of millions of Mainstream Media (for what expected payback you might well wonder), Ardern's government is also placing sneaky ads with NZME for 300k more.
https://www.stuff.co.nz/national/pol...out-disclaimer
Do you reckon NZME will be a little hesitant to criticize Labour after this lot? Grubby, grubby, grubby. Ardern's clear and transparent obscured for all to see.
The people they are targeting with this, are probably the ones who can least afford to pay more than 3%. At a pinch they might manage 5%, but 10 is unrealistic.
My personal views have changed significantly since I got back into investing. I contribute the minimum 3% to my Balanced KS, and do my own investing alongside it. A much better strategy for me, than contributing more to KS.
Article is paywalled so can’t see the details, but if they are proposing 10% as the new minimum contribution, it will encourage new employees on low incomes, to opt out altogether.
Yes, a new minimum, but according to the article they could step it up slowly but regularly. You're right, it will hurt those who can least afford it the most, but I suppose they view further increases in the minimum wage as partly offsetting that.
Ayesha Scott, a finance professor at AUT is quoted in the article stating that contributions should be made compulsory for employers, regardless of whether [low income] earners choose to contribute or not.
They could put back in the $1k Sir Bill took away from new kiwisaver entrants and raise it to $2k.
First step before increasing contributions should be removing income tax from Employer contribution and kiwisaver gains. Then make Employer match the contributions IF the employee chooses to contribute more.
But this being Labour government, anything that would affect tax revenue is a big nono. That's why forcing increases is what they want to do, because it increases tax revenue, not because it prepares people for retirement.
An idea which would further undermine what's left of our progressive income tax system.
Well the govt is the only reason you have a job right now due to their timely intervention to stop a collapse.
Tax cuts have a cost and it has to come from somewhere.