Quote Originally Posted by blackcap View Post
What is wrong? Why is it wrong? He is giving the money away so that is a good thing isn't it? But he is entitled to it as far as I am concerned. Has paid tax all his life so now he gets the benefits of the super.
I think Gareth Morgan described this as a Vaucous argument. He paid tax all his life it was used on cradle to grave welfare, free tertiary education, it went into inefficient govt owned organisations paying generous salaries, think big projects (which to be fair will benefit many generations). None of it was put aside to provide for superannuation (other than the Cullen Fund)

Quote Originally Posted by blackcap:706982
But to be more equitable it is probably better that we move to a system where you save for your retirement (compulsory) and people use that when they retire. Sure some will have more in their retirement savings but that is the situation under the current system. Work longer and harder and have more. Be a beneficiary and have less. Ie make it that someone on a benefit for their entire life gets the approximate same as Super is now, that would make the system fair and equitable.
Is this a concession that something may need to change, perhaps compulsory Kiwisaver along with income and asset testing for nz super???