Brian Gaynor: Costing the benefits shows we’re sinking
The response to last week’s column, which argued that our universal New Zealand Superannuation is not sustainable in its present form, indicates New Zealand is heading down the same route as Greece, Italy, Portugal, Spain and France.
The basic problem is that successive governments, National and Labour, have introduced a plethora of welfare-entitlements financed through current taxation or borrowings.
Hi Selwyn,
Now that your favourite party has lost the election, given this post, there’s no harm in you saying what you actually think of Labour’s plan to ramp up debt to pay for billions more in spending, including making the first $5k tax free (very very expensive) and expanding working for families entitlements to beneficiaries who don’t work.