Kiwi Saver - Political Irresponsibility
In typical political style politicians turn the responsibility for
our failing economy on the New Zealand public, the average person is
not saving enough, when all along our economy is their responsibility,
they have stuffed it not us, the average Kiwi cannot save as the cost
of living is too high has overtaken the ability to pay
The carrot on the stick approach of Kiwi Saver, is that the best they
can do towards fixing their mess? rediculous!
No present politician or political party can be trusted with superannuation
funds as they have already proven, they cannot be trusted to keep our
state assets, which used to help prop up our economy.
New Zealand is quite unlike other countries in that our natural resources
that can be economically exploited are limited. It is not unreasonable
for us to expect our government to limit the extent that capitalism
controls us, it is naive if not egocentric to assume that New Zealand
can compete with countries that have oil, minerals, the ability to print
money at will, and the support of the world bank, the New Zealand economy
cannot support rampant exploitation of people or capitalist methods
of inflation of property.
If our currency were dollar for dollar with those of our major investors
we would be on an equal footing, common sense would tell the least well
educated of us that yet our politicians welcome these people buying
our country up at what are bargain prices for them. Overseas investment
in New Zealand is out of hand and needs immediate attention to bring
our economy and their ability to manipulate our market back to reality.
Who can we trust with our retirement investments if we can afford to
have them? Nobody at present, as they all appear to be tarred with the
same brush and at any moment they have the ability and the legal backing
to reneg on agreements, declare bankruptcy, or just blatantly make off
with investors funds at any moment they choose, our government does
not specify any rules of engagement or place any checks or balances
on them nor does it guarantee anything upon their failure, why invest at
all? your money is safer in your mattress or your sock drawer! You might
not make any interest on it but you will at least still have what you
put in when others fail.
I truly believe that our politicians do not serve the best interests
of New Zealanders, it is fast becoming somebody elses country and an
unfriendly one at that. I have grave concerns for the well being of
my children in the next twenty years if they are to continue to live
here in New Zealand. Ka kite?
May 23rd 2007
