You think about it. where will that money go when people get it back after the kiwi saver is finished (u get your money back) its gunna go over seas just like you say will happen if people get tax cuts. Kiwisaver is just a delayed potential of wat the tax cuts are.
NOT ONLY that, but MORE will benefit from tax cuts as less than 1/4 of NZ is in kiwi saver.
this is so stupid, so many kiwisaver providers are overseas. Do some friggin research!! National wants to allow you to contribute 2%, 4% or 8%. Did you really think the 'bells on' kiwisaver was ever going to be a long lasting affordable idea? Especially during a recession?
Also Helen wants to go on another spending tirade herself, giving students everything and the kitchen sink.
We're only in the mess we're in because of Helen, if you cant see that, Im surprised your allowed to vote.
And here we see the classic example of a Labour supporter rising to the challenge of a National supporter. As you can see, the Labour supporter has to rely on poorly constructed insults in an attempt to fend off the obviously stronger National supporter.
Unfortunately this tactic falls through when another National supporter retaliates with a well constructed insult. The only choice now for the Labour supporter is to call on grammar technicalities.
Let me guess. You are probably one thats on a 60k + salary who will benefit from this. Am I willing to give up things that are subsidised by the government eg Doctors, Kiwi Saver and a student instrest free valued at $18000 to get an extra $30.00 to $50.00 in the pocket a week. Ah No!
Now what does New Zealand get out of me?
I educate trouble teens especially those that come from Middle to Lower Class families to get them out of this dificit thinking so they don't turn to crime or drugs.
Wow now that is a surprise. Are your parents then willing to give up those perks that we are recieving from the present government instead of bringing a government that is willing to gamble the future of this company to (this so called) loan more money to build a (so called) better infrastructure.
All I can say little kid is that its better to trust a government that is willing to play it safe.
Oh and also note on something, seen Nationals plan for helping people during the recession? So much better than Labours.
And what perks? We recieve no perks that I know of from this tired government, except a huge swarm of stupid laws like the inability to disipline your children.
Also how can anyone trust Helen Clarke on anything? She has a photoshopped image of herself up for elections, and does 180 Km/ph, when we can only do 100. So who do you trust?
Oh thats right Because Helen was driving lol oh thats right The anti smacking bill was also supported by John Key himself if you look back they both walked out together with something they both agreed on.
id also like to add that along with cuts to kiwi saver john key mentions in "National Campaign Opening Address" that the tax credit for R&D would be scrapped. this is a dissincentive to spend money on research and development. results of which are improving our products and our productivity. this could be as detremental to our future as reducing kiwi saver contributions
current 'left-wing' legislature is restricting our R&D anyway! so removing the tax credits is only going to affect a few businesses who managed to sneak around the miles of red tape. plus with all of our experienced grads leaving (such as myself), and with our mediocrity-inducing education system [NCEA] (which actively discourages bright students) - why does it matter? Helen and Trevor and Janette reduced our 'knowledge economy' to a cruel joke many years ago.
I've never liked the kiwisaver program fullstop. Because it is doomed for failure & my point has been made even at this early age with John Key proposing to take from it. When the time comes when you want your payout you won't be getting what you'll be expecting. KIWISAVER-DOOMED-JUST ANOTHER TAX
Kiwisaver funds are run by private-sector managers. The government provides incentive such as matching personal contributions and creating employer contributions (both of which National wants to halve). However, in terms of how it's invested, it's virtually no different from any other private-sector fund.
This channel is called labour08. The video was voiced by Labour candidate Grant Robertson. It was authorised by Labour Party General Secretary Mike Smith.
oh my god...we should all be eternally grateful that you have taken time out from your mensa meetings to point that out to us!!!!....
of course it is...that's what he is saying...its a labour channel and its an authorised labour presentation voiced by a labour candidate.... but once again lucky there are geniuses like you around to point out such devious and underhanded manipulation of the voting public !!!....
Propaganda: one-sided information intended either to support or threaten a political or military group; Using the media to influence and control others. Not presenting the whole truth. Sometimes inventing the truth; A kind of biased communication designed to influence peoples thoughts and actions.
Thanks for your uplifting comments spinner1313. have a fantastic day!
You have got it backwards. Kiwisaver fund managers aren't lending to Kiwi businesses, they are putting the money off-shore because the size of the NZ economy is too small to warrant having it invested here. By releasing money back to taxpayers it will ensure that more money is in the economy, kickstarting growth (which has slumped under Labour's high cost environment) and ensuring that businesses remain afloat, which mean less job losses and higher growth. Vote National for a secure future.
Umm, ever heard of the Glass/Stegal Act? And who repealed it - the Democrats because they were trying to provide housing for people who couldn't afford to stump up with a deposit. Sound familiar?
Fund managers invest off-shore because the first rule of investment is that you diversify. This is especially important for large national retirement funds. Eggs in one basket and all that.
As above, it's the offsetting that's important, because of the impact that it'll have on NZ's current accounts.
Injecting more money into the economy won't help if it just goes overseas. That's what will happen if we don't improve savings.
You can't have it both ways. You're trying to say that more money will be available to NZ business, but when confronted admit that the funds will be invested off-shore. You can talk about offsetting all you like but it's not going to make any difference to the cost of borrowing for NZ business, not in the short-medium term. By the time it could possibly become useful it will need to be repartiated to fund the retirement of the baby boomers, or do you not even read your own projections?
can you imagine if all the kiwi saver money was invested locally! we would have the most overly inflated market in the world! it makes sence and is prudent for kiwi saver providers to invest overseas
If the debt/savings ratio deteriorates, it'll exacebate the current account deficit, which will put downward pressure on the NZD, and make NZ riskier for overseas lenders. This will increase the cost of credit and make it more difficult to get.
Think of it this way: you can't just borrow more and more indefinately. Something has to give.
What a load of BOLLOCKS. The NZ Super Fund currently invests in Overseas manufacturing companies (even some that make munitions), not local one. Is this the best you can come up with. Get on the plane back to Moscow, you useless idiot.
Local debt *offsets* borrowing from overseas. Profits from NZ's overseas investments come back to NZ, in the same way that interest on overseas debt flows back overseas.
This is true for many countries.
The only way out of reccessions is to save and then to invest, instead of spending and borrowing.
timetraveler3797 2 years ago
You think about it. where will that money go when people get it back after the kiwi saver is finished (u get your money back) its gunna go over seas just like you say will happen if people get tax cuts. Kiwisaver is just a delayed potential of wat the tax cuts are.
NOT ONLY that, but MORE will benefit from tax cuts as less than 1/4 of NZ is in kiwi saver.
andyo13 3 years ago
this is so stupid, so many kiwisaver providers are overseas. Do some friggin research!! National wants to allow you to contribute 2%, 4% or 8%. Did you really think the 'bells on' kiwisaver was ever going to be a long lasting affordable idea? Especially during a recession?
Also Helen wants to go on another spending tirade herself, giving students everything and the kitchen sink.
We're only in the mess we're in because of Helen, if you cant see that, Im surprised your allowed to vote.
herman5050 3 years ago
Choose A Brighter Future >> Party Vote National in 2008
skiier239 3 years ago
Youre an idiot Skiier you need to get out of your red neck habbit. National is about ME and Labour is about WE.
akasuperted 3 years ago
*Takes on the voice of David Attenborough*
And here we see the classic example of a Labour supporter rising to the challenge of a National supporter. As you can see, the Labour supporter has to rely on poorly constructed insults in an attempt to fend off the obviously stronger National supporter.
Unfortunately this tactic falls through when another National supporter retaliates with a well constructed insult. The only choice now for the Labour supporter is to call on grammar technicalities.
TheRabidMonkie 3 years ago
Let me guess. You are probably one thats on a 60k + salary who will benefit from this. Am I willing to give up things that are subsidised by the government eg Doctors, Kiwi Saver and a student instrest free valued at $18000 to get an extra $30.00 to $50.00 in the pocket a week. Ah No!
Now what does New Zealand get out of me?
I educate trouble teens especially those that come from Middle to Lower Class families to get them out of this dificit thinking so they don't turn to crime or drugs.
akasuperted 3 years ago
Actually I'm a student making about $100 a week from a Sunday job, trying to do some saving before it comes time to go to Uni.
And my parents are making a decent wage, but more like 60-70k between the two. Working 8 &12 hour days that is.
But, I'll take your comment as a compliment, since you seem to think I'm 30+
TheRabidMonkie 3 years ago
Wow now that is a surprise. Are your parents then willing to give up those perks that we are recieving from the present government instead of bringing a government that is willing to gamble the future of this company to (this so called) loan more money to build a (so called) better infrastructure.
All I can say little kid is that its better to trust a government that is willing to play it safe.
akasuperted 3 years ago
"Little Kid", wow nice going ;)
Oh and also note on something, seen Nationals plan for helping people during the recession? So much better than Labours.
And what perks? We recieve no perks that I know of from this tired government, except a huge swarm of stupid laws like the inability to disipline your children.
Also how can anyone trust Helen Clarke on anything? She has a photoshopped image of herself up for elections, and does 180 Km/ph, when we can only do 100. So who do you trust?
TheRabidMonkie 3 years ago
Oh thats right Because Helen was driving lol oh thats right The anti smacking bill was also supported by John Key himself if you look back they both walked out together with something they both agreed on.
akasuperted 3 years ago
The fact is that she told them break the law.
Also letting labour in means the Greens get in, which I don't think ANYONE wants.
TheRabidMonkie 3 years ago
Brilliant, just brilliant!
skiier239 3 years ago
id also like to add that along with cuts to kiwi saver john key mentions in "National Campaign Opening Address" that the tax credit for R&D would be scrapped. this is a dissincentive to spend money on research and development. results of which are improving our products and our productivity. this could be as detremental to our future as reducing kiwi saver contributions
ricsc543 3 years ago
current 'left-wing' legislature is restricting our R&D anyway! so removing the tax credits is only going to affect a few businesses who managed to sneak around the miles of red tape. plus with all of our experienced grads leaving (such as myself), and with our mediocrity-inducing education system [NCEA] (which actively discourages bright students) - why does it matter? Helen and Trevor and Janette reduced our 'knowledge economy' to a cruel joke many years ago.
bwar037 3 years ago
hence why i am off overseas so that i can actually make a difference somewhere - cos NZ wont let me
bwar037 3 years ago
Hmmm, are you saying that you want to do R&D that's currently illegal?
labour08 3 years ago
in NZ yes, in most of the OECD, no
bwar037 3 years ago
I've never liked the kiwisaver program fullstop. Because it is doomed for failure & my point has been made even at this early age with John Key proposing to take from it. When the time comes when you want your payout you won't be getting what you'll be expecting. KIWISAVER-DOOMED-JUST ANOTHER TAX
ItsDanielSun 3 years ago
Kiwisaver funds are run by private-sector managers. The government provides incentive such as matching personal contributions and creating employer contributions (both of which National wants to halve). However, in terms of how it's invested, it's virtually no different from any other private-sector fund.
labour08 3 years ago
i think i smell labour propoganda
bwar037 3 years ago
This channel is called labour08. The video was voiced by Labour candidate Grant Robertson. It was authorised by Labour Party General Secretary Mike Smith.
Duh.
labour08 3 years ago
keyword: propoganda.
Duh
bwar037 3 years ago
oh my god...we should all be eternally grateful that you have taken time out from your mensa meetings to point that out to us!!!!....
of course it is...that's what he is saying...its a labour channel and its an authorised labour presentation voiced by a labour candidate.... but once again lucky there are geniuses like you around to point out such devious and underhanded manipulation of the voting public !!!....
spinner1313 3 years ago 2
Though I'm betting there a plenty of nat supporters thick enough to rely on ones so attune to such subterfuge as yourself.
spinner1313 3 years ago
Propaganda: one-sided information intended either to support or threaten a political or military group; Using the media to influence and control others. Not presenting the whole truth. Sometimes inventing the truth; A kind of biased communication designed to influence peoples thoughts and actions.
Thanks for your uplifting comments spinner1313. have a fantastic day!
bwar037 3 years ago
You have got it backwards. Kiwisaver fund managers aren't lending to Kiwi businesses, they are putting the money off-shore because the size of the NZ economy is too small to warrant having it invested here. By releasing money back to taxpayers it will ensure that more money is in the economy, kickstarting growth (which has slumped under Labour's high cost environment) and ensuring that businesses remain afloat, which mean less job losses and higher growth. Vote National for a secure future.
NeillR 3 years ago
Secure future? LOL
It's the economic thinkers of right-wingers like Key, Bush, McCain etc that have got the world in the crisis it's in now.
Vote McKey and National for a whiter future maybe, but not a brighter future.
MaryCherryNZ 3 years ago
Umm, ever heard of the Glass/Stegal Act? And who repealed it - the Democrats because they were trying to provide housing for people who couldn't afford to stump up with a deposit. Sound familiar?
NeillR 3 years ago
Fund managers invest off-shore because the first rule of investment is that you diversify. This is especially important for large national retirement funds. Eggs in one basket and all that.
As above, it's the offsetting that's important, because of the impact that it'll have on NZ's current accounts.
Injecting more money into the economy won't help if it just goes overseas. That's what will happen if we don't improve savings.
labour08 3 years ago
You can't have it both ways. You're trying to say that more money will be available to NZ business, but when confronted admit that the funds will be invested off-shore. You can talk about offsetting all you like but it's not going to make any difference to the cost of borrowing for NZ business, not in the short-medium term. By the time it could possibly become useful it will need to be repartiated to fund the retirement of the baby boomers, or do you not even read your own projections?
NeillR 3 years ago
can you imagine if all the kiwi saver money was invested locally! we would have the most overly inflated market in the world! it makes sence and is prudent for kiwi saver providers to invest overseas
ricsc543 3 years ago
Exactly, which is why it's completely disingenous to imply that it will make money available for Kiwi businesses - sheesh.
NeillR 3 years ago
If the debt/savings ratio deteriorates, it'll exacebate the current account deficit, which will put downward pressure on the NZD, and make NZ riskier for overseas lenders. This will increase the cost of credit and make it more difficult to get.
Think of it this way: you can't just borrow more and more indefinately. Something has to give.
labour08 3 years ago
What a load of BOLLOCKS. The NZ Super Fund currently invests in Overseas manufacturing companies (even some that make munitions), not local one. Is this the best you can come up with. Get on the plane back to Moscow, you useless idiot.
spigalau 3 years ago
Local debt *offsets* borrowing from overseas. Profits from NZ's overseas investments come back to NZ, in the same way that interest on overseas debt flows back overseas.
labour08 3 years ago