this post was submitted on 17 Jul 2023
18 points (90.9% liked)
Aotearoa / New Zealand
1657 readers
5 users here now
Kia ora and welcome to !newzealand, a place to share and discuss anything about Aotearoa in general
- For politics , please use !politics@lemmy.nz
- Shitposts, circlejerks, memes, and non-NZ topics belong in !offtopic@lemmy.nz
- If you need help using Lemmy.nz, go to !support@lemmy.nz
- NZ regional and special interest communities
Rules:
FAQ ~ NZ Community List ~ Join Matrix chatroom
Banner image by Bernard Spragg
Got an idea for next month's banner?
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The reason why the Australian Superenuation scheme (what Kiwisaver should be) has been so successful is because it can't be raided.
These clowns have no idea! They clearly don't understand compounding interest. How could they possibly lead the country?
They understand it alright, they just care about renters and want those gains for their base.
This will help keep rents high because as they keep rising, putting larger amounts down up front as a bond will otherwise become more of a barrier. Same type of barrier as a house deposit but this is apparently where we're at now. Depressing