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Thread: National - FFS!

  1. #1361
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    Quote Originally Posted by Zaphod View Post
    Cullen himself advocated for removal of Government incentives on KiwiSaver, so National's stance is perfectly in line with Labour's expectations for the scheme.
    Borrowing to fund super was not a sensible move during a recession created by the 2008 GFC, nor during the economic impact of the 2011 Christchurch earthquakes. Cullen's vision for Kiwisaver to be means tested against national super means we wouldn't require such hefty contributions anyway. We obviously need to continue to follow Labour's vision.

    Increasing taxes on income and means testing kiwisaver/superannuation while not having stamp duties, leaving capital gains untaxed and exempting the owner-occupied family home from a means test would end up ensuring wealthier older people over-capitalised their family home while seeking out assets for capital appreciation rather than income.

  2. #1362
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    Seems goldsmith can’t really use a calculator - before going on the the attack and mentioning tax cuts you would think you would double and triple check the numbers - a own goal and hit on nationals economic credibility

    https://i.stuff.co.nz/national/polit...ts-out-4b-hole

  3. #1363
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    Quote Originally Posted by boysy View Post
    Seems goldsmith can’t really use a calculator - before going on the the attack and mentioning tax cuts you would think you would double and triple check the numbers - a own goal and hit on nationals economic credibility ....
    Not a good look especially just before the campaign launch.

    Who knew that the government has quietly made a big change to super fund contributions? That announcement should certainly have made the news. Was there an announcement? When was the decision made? When did Minister Robertson change his mind about suspending contributions? It is only a few weeks since he said suspending was a backwards step and the fund is a smart investment.

  4. #1364
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    If only we could have a government for national unity for the next 2 or 3 years. Until there is a safe vaccine, we are in the biggest crisis since the Japanese conquered “impregnable” Singapore. Do we really need the mixed messages of an election campaign at this stage. Each Party urging the public not to trust or have confidence in the others?

  5. #1365
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    Quote Originally Posted by boysy View Post
    Seems goldsmith can’t really use a calculator - before going on the the attack and mentioning tax cuts you would think you would double and triple check the numbers - a own goal and hit on nationals economic credibility

    https://i.stuff.co.nz/national/polit...ts-out-4b-hole
    Gotta love that! Wonder if Mr Clever Clogs Joyce will comment on that?

  6. #1366
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    You had one job Paul, one job & you've f$&%ed it up for the third time!
    Judith incandescent, not surprising.

  7. #1367
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    Quote Originally Posted by tim23 View Post
    Gotta love that! Wonder if Mr Clever Clogs Joyce will comment on that?
    I wonder if you or others on here will comment on the fact that Robertson pulled out a deliberately deceitful accounting trick by stopping contributions to the super fund after saying that would not happen. Then claimed the books were $4B better than expected without mentioning this fact.
    Goldsdmith on the other hand admitted the mistake he made due to this trick from Robertson and corrected his plan accordingly. Changed his plan in a minor way only.

    There was much criticism of National on here when they stopped contributions to the Cullen Fund but when Labour does it and lies about it, there is stunned silence from our resident Lefties.

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    Quote Originally Posted by iceman View Post
    I wonder if you or others on here will comment on the fact that Robertson pulled out a deliberately deceitful accounting trick by stopping contributions to the super fund after saying that would not happen.
    What actually is happening?
    Contributions obviously haven't been stopped because there will still be $15bn in contributions (rather than $19bn) - have they been reduced for a period or what?

  9. #1369
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    Quote Originally Posted by dobby41 View Post
    What actually is happening?
    Contributions obviously haven't been stopped because there will still be $15bn in contributions (rather than $19bn) - have they been reduced for a period or what?
    A bit hard to say as no announcement was made. But appears that fund contributions were cut after the May Budget without any announcement to that affect and Goldsmith had prepared his plan based on the super contributions forecast in the Budget. So Robinson appears to have withheld $4 B in contributions to be able to claim in the pre-election update that he's spent $4B less than forecast !! As cynical as it gets

  10. #1370
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    Quote Originally Posted by iceman View Post
    A bit hard to say as no announcement was made. But appears that fund contributions were cut after the May Budget without any announcement to that affect and Goldsmith had prepared his plan based on the super contributions forecast in the Budget. So Robinson appears to have withheld $4 B in contributions to be able to claim in the pre-election update that he's spent $4B less than forecast !! As cynical as it gets

    Whoa, hold on, your outrage may be a bit misplaced.
    The projected Govt contributions to the Superannuation fund are set by Treasury's NZ Superannuation Fund Contribution Rate Model which is always publicly available on Treasury's website. It's a formula so actual contributions are going to vary from year to year.
    Goldie made a big deal of waiting till the PREFU came out to get the correct figures to base their economic policy on.
    But he used the wrong figures & made a $4B mistake & claimed in his defence on ZB this morning, it's a big document with lots of figures!
    C'mon Paul, are you saying it's too complicated for you ? replied a clearly scathing Hoskings.

    Secondly, Goldie only admitted the mistake after Grant Robertson corrected the figures for him, he seems completely naive.

    Judith & others in National feel very let down, as economic competence is the key plank of the election strategy.
    It's such a terrible mistake, some are even asking if it was intentional to destabilise Collin's leadership.

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