John Key is slashing YOUR kiwisaver (shhh, you'll wake the sleepy hobbits)
KiwiSaver changes 'will hit low-paid'
Low and middle income earners will be hit in the pocket by the Government's changes to KiwiSaver as they and their bosses are forced to pay for reduced Government contributions, Phil Goff warned yesterday.
We are cutting back social spending because of the incompetence of National's economic mismangement. Before the second earthquake, the country was already in economic decline 2 years into this Governments term when they decided to place a consumption tax at a time when the country was cutting back on consuming.
Words matter, and the words Bill English used to describe what raising GST to subsidize a tax cut for the rich were, 'turbo charge'.
Sadly it seems borrowing for tax cuts doesn't help our savings and because of the higher GST, the tax take diminished and we are left with a$2 billion deficit that Bill English intends to make up by making massive cuts into welfare
Key had to smile and wave for the first 3 years of his term to build up the political trust from the sleepy hobbits with 'me too' labour lite policy and then in the second term you get the full creamy taste of hard right economics. Tumeke called this 3 years ago, so there shouldn't be any surprises that the hard smack on public services is looming.
Shire Volk still in the headlights of Key's vacant aspiration charm won't see it coming, but the fact this Government have rammed through more legislation under urgency in almost quarter of a century shows National have nothing but contempt for democratic oversight and the vast list of civil liberty roll backs equates to the largest reversal of your legal rights minus any mainstream media focus whatsoever.
The power to demand your DNA for merely being arrested, the power to demand your DNA on mere suspicion, the power to deny you a jury trial, the power to force Court trials by TV screen, the power break into your home and plant spy cameras and spy on you for 3 days without a warrant, the power to expand surveillance to all Government agencies, the power to deny you legal representation of your choosing, the power to remove independent legal representation, the power to remove the right of silence.
ALL of this has been rammed through under John Key's Government on top of massive public service cutbacks alongside an agenda to privatize our assets as a response to a global economic recession caused by unregulated free market greed.
We can't borrow for Kiwisaver, but we can borrow $120million per week for tax cuts, most of which benefit the elites of NZ.
The sleepy Hobbits of NZ are still asleep. We get the Government we deserve.