They contributed to the system to support their grandparents.
This highlights a major issue facing countries with ageing populations, such as China. A shrinking working-age population struggles to sustain the costs of the previous generation, who are living longer and requiring more expensive care.
20.12.2024 00:10
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A bit of both, saying only being libertarian is not a good idea. ===
20.12.2024 00:07
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#nzpol
19.12.2024 22:49
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"In the current system, todayβs superannuation expenses are paid for by todayβs taxpayers β which Douglas described as a βPonzi schemeβ."
19.12.2024 22:44
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"Douglasβ solution would be a form of self-funding social services. New Zealanders would be given large tax cuts, but they would be encouraged to use those cuts to pay for schemes that would pre-fund the services they drew on when they aged, like health and superannuation."
19.12.2024 22:44
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βI never thought I would say itβ β Roger Douglas on Act, NZ First
The Act founder said his old party was 'sending NZ bankrupt'.
I came away from this article as a Roger Douglas fan. Thinking about taxes, social security, he's got some good points. When it comes to taxes, it doesn't make sense for the next generation to pay for today's retirement. Especially when we have an aging population
www.nzherald.co.nz/nz/politics/...
19.12.2024 22:44
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"Criticising" is a very kind way to explain how they tried to bust into a private event yelled at the deputy prime minister he was giving a speech.
18.12.2024 22:57
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Aucklanders: What's your monthly water bill?
Last year we were paying $30 a month. We've moved into a bigger (albeit brand new apartment) and now we're paying at least $80.
17.12.2024 02:33
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but... are they?
10.12.2024 23:29
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RIP Auckland ShowGirls.
10.12.2024 23:22
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If I was a planner I would design everything with plans to add cycleways in 3-6 years time with the next government. Make space and lay the ground work. Probably the best you can do in this climate.
07.12.2024 21:35
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DATA BABY
07.12.2024 21:22
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It's all about the foundations.
07.12.2024 21:19
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I think, as a society, we stick with oat and cow for now. We can forget the rest for a year or two. It's time to simplify.
05.12.2024 22:25
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Ha - Not likely.
05.12.2024 21:14
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If they're cheap and electric that might not be such a bad thing!
05.12.2024 21:14
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Trade Minister Todd McClay to shoulder blame if no India free trade agreement by end of term
Prime Minister Christopher Luxon has promised to secure a deal in the next two years.
Iβve said it before and Iβll say it again. There will be no comprehensive free trade agreement with India. Any India watcher knows that. Seems the government knows now too. Let the walk back begin. #nzpol
www.rnz.co.nz/news/politic...
05.12.2024 04:31
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a niggle to put it lightly
03.12.2024 02:09
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When we first got a playstation in 2003 we didn't have a memory card. I started playing Metal of Honor and didnt sleep nor stop until I finished the game. bring back youth
03.12.2024 02:06
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can i see my own post if I have muted the word trump
03.12.2024 01:55
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CELEBRATE
03.12.2024 01:26
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Pray for me. I joined the gym. I'm not a gym person but I'm in my thirties.
02.12.2024 03:31
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Ideally neither of these trucks will hit you. But it's kind of important. One will maim you, one will kill you. Choose wisely.
01.12.2024 08:09
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ABC asked Australian parents what they made of the social media ban for under-16s - here's what they said
ABC asked Australian parents what they made of the social media ban for under-16s - here is what they said.
Social media platforms are designed to hold your attention for as long as possible. Unless they change the fundamental infrastructure of these platforms, children should not have access to addictive substances.
30.11.2024 06:10
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