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.