God help us. Even the biggest halfwit knows you shouldn't borrow money to invest as the cost of borrowing money is always greater than the profit on investment. Which one of the Labour idiots is the finance minister?
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Normally I'd agree, but superannuation seems to have had very good returns. NZ bond interest rates are relatively low, compared to superannuations returns.
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If you believe that, why aren't you borrowing as much money as possible to invest in your superannuation? Basic economic 102. The return on Investments are NEVER higher than the cost of borrowing money,
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@jacindaardern I thought you said Capitalism had failed? Apparently not so much that you aren't willing to risk borrowing to invest in the evil equity markets for the benefit of retirees. How about some business friendly get out of the way type policies instead of welfarism.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Where's the money coming from?? Nationals kitty must be exhausted by now. You weasel your way into office , put us into debt, just for your ideological claptrap.
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I'd sooner have my money that is confiscated from me in tax that I could invest for my own super fund.
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How much is lost to the health budget to pay for that policy whose aim is to put off putting up the eligibility age to 67
@TaxpayersUnionhttps://utopiayouarestandinginit.com/2017/12/14/instead-of-what-nzsuperfund-contribution-resumption-taxpayersunion/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NZSuperFund will pay for 12.5% of NZ super, raising its eligibility to 67 reduced cost by 10%@TaxpayersUnionhttps://utopiayouarestandinginit.com/2017/12/15/how-much-saved-by-raising-the-superannuation-eligibility-age-to-67taxpayersunion/ …Thanks. Twitter will use this to make your timeline better. UndoUndo
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