this post was submitted on 06 Nov 2023
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Te Wai Pounamu / South Island
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The issue is that a LOT of people have their retirement based off of this system. They've worked their whole lives to achieve what they've seen as a fantastic, almost fundamental, way of providing for yourself in retirement. I don't want to hurt these people, even if they make up a sizable portion of the landlords. They are not the problem.
I'm trying to target the people that own 3+ houses, and if you can eliminate the money-making aspect of homeownership, you fix a big problem causing the housing crisis right now.
If we had UBI they wouldn't need the retirement income.
NZ superannuation is a basic income for all above age 65.