tag:blogger.com,1999:blog-11906042.post2098362966760029476..comments2024-03-22T11:55:50.335+13:00Comments on Not PC: Watch out,Winston wants your walletPeter Cresswellhttp://www.blogger.com/profile/10699845031503699181noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11906042.post-26029928094484630572013-10-21T19:08:07.536+13:002013-10-21T19:08:07.536+13:00Fentex
"One doesn't have to wonder much,...Fentex<br /><br />"One doesn't have to wonder much, one can simply look at Australia's similar, and extremely successful scheme."<br /><br />Successful for whom exactly? <br /><br />In reality it is a massive Ponzi, as you ought to well know. Apart from continually raising the demanded contibutions for gainfully working people there has been a major major structural alteration- one which did not raise much comment from the media or advisory "experten" (because they were too busy smacking their lips at the opportunities it presented them and their mates). The "scheme" (now there is a good word for it) was changed from defined benefit to defined contribution. Some say a good feature is that it is possible to set up a self-managed super scheme should you happen to possess enough cash. The trouble is that the government knows where every penny of every investment resides and they can get at it at any time. For example, last I was in Australia at conference, there was discussion to alter the legislation such that the payout beacme a compulsory fixed annuity. NONE of these compulsion schemes ever work. NONE.<br /><br />Amit<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-26891928100314684512013-10-21T18:50:19.211+13:002013-10-21T18:50:19.211+13:00Do we want to provide for our selves and our famil... Do we want to provide for our selves and our families as free adults or do we want the Gov't to provide as if we are still dependent children ? Don Wnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-15747490473653269782013-10-21T18:21:54.604+13:002013-10-21T18:21:54.604+13:00Wonder what would have happened if Labour's 19...<i>Wonder what would have happened if Labour's 1973 compulsory savings scheme had come to pass. [complete with dancing Cossacks]</i><br /><br />One doesn't have to wonder much, one can simply look at Australia's similar, and extremely successful scheme.Fentexnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-53172235737708166842013-10-21T17:54:22.186+13:002013-10-21T17:54:22.186+13:00Kiwisaver is a loser. If you have any money in it ...Kiwisaver is a loser. If you have any money in it then you are going to lose out. It matters not whether the guys administering it do a good job or not, they will be paid very well indeed. When they do badly (and they do badly much more frequently than the PM and regime economists care to admit), any losses are yours to suffer.<br /><br />AmitAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11906042.post-53394760481681110452013-10-21T15:29:38.673+13:002013-10-21T15:29:38.673+13:00There was an election time referendum (1999?) on t...There was an election time referendum (1999?) on the right dishonourable Winston's compulsory savings. I think there was about 73% NO.<br />{Wonder what would have happened if Labour's 1973 compulsory savings scheme had come to pass. [complete with dancing Cossacks]}<br />PeterAnonymousnoreply@blogger.com