INDEPENDENT NEWS

How Voluntary is KiwiSaver?

Published: Wed 18 Jun 2014 12:11 PM
How Voluntary is KiwiSaver?
Blog: Dr Jamie Whyte
18 June 2014
The reactions to Labour’s proposals for KiwiSaver have been generally negative. National, NZ First and even the Greens have said that KiwiSaver should be kept voluntary. People should still be able to opt out.
But the idea that KiwiSaver is now voluntary is misleading. Of course, employees can opt out, but employers cannot. The politicians who object to Labour’s proposal are concerned about the liberty of employees but not, apparently, about the liberty of employers. Why not?
Why do these politicians think that allowing employees to make choices will lead to better outcomes but leaving employers with choices will not? I cannot understand their ethics or their economic thinking.
It would be nice if one of them could explain their reasoning – especially someone senior from the National Party, since they like to present themselves as pro-liberty and pro-enterprise.
ENDS

Next in New Zealand politics

Concerns Conveyed To China Over Cyber Activity
By: New Zealand Government
GDP Decline Reinforces Government’s Fiscal Plan
By: New Zealand Government
New Zealand Provides Further Humanitarian Support To Gaza And The West Bank
By: New Zealand Government
High Court Judge Appointed
By: New Zealand Government
Parliamentary Network Breached By The PRC
By: New Zealand Government
Tax Cuts Now Even More Irresponsible
By: New Zealand Labour Party
View as: DESKTOP | MOBILE © Scoop Media