Monday, March 06, 2017

Intergenerational warfare

Bill English has come clean about his plans for superannuation, and announced that he wants to fight the election on making you worse off:

The Government will progressively lift the age of eligibility for NZ Superannuation from 65 to 67, starting in 20 years’ time, Prime Minister Bill English announced today.

“New Zealanders are healthier and living longer so adjusting the long-term settings of NZ Super while there is time for people to adapt is the right thing to do,” Mr English says.

The changes will be phased in from 1 July 2037 and will not affect anyone born on or before 30 June 1972.

In other words, it will target the same people who have got tertiary fees, student loans, mass unemployment, benefit cuts, health cuts, climate change, and a housing bubble. Meanwhile, the people who received free education and healthcare and tax cuts for Africa while destroying the global climate will laugh all the way to the bank in their bubble-inflated houses. Its pure intergenerational warfare by the Boomer Prime Minister against anyone younger than him.

The good news:
The change will be legislated for next year.
In other words, it will only happen if National is re-elected with an easy majority of Boomer or crazed 1%er parties (so, basicly ACT). If we change the government, Bill English can't fuck us over.

I'd call that an incentive.