Tom Sowell on wage gaps
31 minutes ago
"...the National Party government’s austerity measures since 2008 have “confiscated” billions of dollars from the poor and transferred this wealth to the rich. It has cut taxes for top income earners and corporations, increased the regressive Goods and Services Tax and pushed thousands of people, including single parents, off welfare payments. Spending on healthcare and education has been effectively cut, and thousands of jobs have been shed in government departments and publicly-owned companies, including Solid Energy, NZ Post and KiwiRail....the political establishment is seeking to wash its hands of any responsibility for the deepening social crisis."The writers should seek sanctuary from this brutal regime in a country that has embraced and implemented their political ideals. Oh, but they would be out of a job. Nothing to complain about. Nothing to eat. Nothing to wipe their bottoms with.
Should old people be allowed to vote?
Unsurprisingly the Brexit vote was carried by older people. Only 19 per cent of those 18-24 wanted to leave. Yet the young will have to live with the result for the longest time. Lumped for life with a decision largely made by pensioners. Older voters specialise in looking back instead of forward. So why should those on their way out decide a future they won't be around to see?
The same thing is happening here. There are clear changes NZ needs to make if we are to thrive in the modern world. Many of these changes are being stalled because politicians must appease baby boomers to survive.
If you're under 50, why the hell are you paying for Super you will never get yourself? Why aren't we increasing the age of retirement? Why is there no means testing on pensions? Why is there no movement on our property issues? Simple. There's lots of old people, they love to vote and backing changes they don't like is electoral suicide.Well, I have a great deal of sympathy for these points and there is probably some truth in his reasoning. But the older generation will eventually be passing on their wealth. To force down property prices would mean carving value off assets and risking deflation. Property prices are what they are (under current legislation) because NZ is a very attractive place to live. That means it's also a country abounding in opportunity and looking at a better future than many others.
You can't blame the elderly for why they vote. We all vote selfishly. But it becomes unfair when the demographics shift so far that young voters are drowned out. At 65 a New Zealander has been voting for 47 years, surely that's enough time to get your point across.
Old age is a time to relax. You deserve a rest at 70. Let the young people who live for the future mould that future. When I am old I hope I am brave enough to hand power over without a fight.
The world is a terrifyingly confusing place when you're elderly. You're being left behind. When you're young you jump up stairs two steps at a time. When you're old you stand at the top trembling. Unfortunately fear can lead to judgmentalism and bigotry. Which leads to illogical positions.
Oldies say they paid taxes their whole lives and deserve a pay day. If that's the case, where is all that money? If you saved it, where is it? Why does so much of our tax today go to Super? The answer is clear. All the money has gone. Boomers and the Governments they voted in have already spent it on themselves. It was a massive, short-sighted, generational cock-up. Hopefully the current tax-paying population will be more responsible with their futures. Unfortunately much of the money we should be saving for our futures is being spent on covering a generation who voted to put nothing aside.It's been a very long time since anything was "put aside" for Super. Fifty years at least. There used to be a few state forests owned by the social security fund but since the sixties pensions (and all the other not inconsiderable working-age welfare) has been funded from the current tax-take.