Criticism from the left for the 'big new tool'

Auckland University associate professor Susan St John writes:

...inflation is actually very low.  What is the demand that actually fuels the current account?  It is not the spending of the low income families that are barely surviving. Forcing them into KiwiSaver is going to reduce the very demand that keeps their local economies going. Making them save even more to balance the economy in boom times is a bizarrely regressive idea for a Labour government-in-waiting.

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inflation is actually very low.  What is the demand that actually fuels the current account?  It is not the spending of the low income families that are barely surviving. Forcing them into KiwiSaver is going to reduce the very demand that keeps their local economies going. Making them save even more to balance the economy in boom times is a bizarrely regressive idea for a Labour government-in-waiting. - See more at: http://thedailyblog.co.nz/2014/05/02/let-them-eat-cake/#sthash.rIe2dsQW.dpuf