Written By: - Date published: 7:08 pm, May 28th, 2009 - 114 comments
I’ve had a dig into Treasury’s numbers and worked out that they expect the Superannuation Fund will make a 13% return next year, falling to 11% a year by 2012. Those figures seem pretty good, not too optimistic. It’s what the Fund made in ordinary years before the crunch and bear in mind the Fund […]
Written By: - Date published: 12:45 pm, April 15th, 2009 - 29 comments
As if any more evidence was needed that National’s Paula Bennett is completely out of her depth as Minister of Social Development, it appears Work and Income is turning away the hungry while Paula can’t even get her lines straight: Despite a high court ruling in 2002 instructing WINZ to tell beneficiaries what their entitlements […]
Written By: - Date published: 9:35 am, April 2nd, 2009 - 35 comments
The CIS released a report [PDF link] today entitled Ending No. 8 Wire Welfare: Why New Zealand is Lagging Behind. Its author is Luke Malpass. Predictably, from the right-wing think tank, the paper is an ideologically driven argument for a more punitive welfare system. As is so often the case, it’s premised on the tired […]
Written By: - Date published: 9:20 am, February 26th, 2009 - 10 comments
Yesterday, Finance Minister Bill English made a big deal over the loss the New Zealand Superannuation Fund incurred last year. When you don’t need the money for twenty years, the current value of your asset is irrelevant. When there’s a boom on the paper value of what you have will skyrocket, when there’s a bust […]
Written By: - Date published: 9:45 am, February 24th, 2009 - 46 comments
Michael Littlewood has made a career of advocating superannuation privatisation and is part of an international organisation called Pension Reforms dedicated to the privatisation of superannuation. Yesterday, he was given a platform in the Herald and on the news (one or three, can’t remember), to argue the New Zealand Superannuation Fund (known as the Cullen […]
Written By: - Date published: 3:15 pm, February 8th, 2009 - 44 comments
Key’s old arm cast has sold for $18,500 on Trademe. The money will go to the Fred Hollows Foundation to help blind people in the Solomon Islands. Great, a fair old dollop of money raised for a worthy cause. But let’s not stop there. A large number of people bid large amounts for two things of […]
Written By: - Date published: 2:30 pm, December 18th, 2008 - 47 comments
So, I’m out of work. I was employed on a contract and when it came up for renewal the boss told me business is too tight, have to let me go. It wasn’t their fault and they were pretty good about it. For the first few weeks I just looked for work but there’s not […]
Written By: - Date published: 11:36 am, November 21st, 2008 - 48 comments
It’s very easy in our individualist, consumerist, capitalist society to say ‘if you’re poor, it’s your fault, don’t come looking to the rest of us for help’ – ‘it’s your fault for marrying an alcoholic, don’t expect us to pay to house your family’, ‘it’s your fault you got pregnant when you couldn’t afford to […]
Written By: - Date published: 12:00 pm, November 11th, 2008 - 9 comments
During the debate over the economic stimulus package in the US earlier this year, Moody’s produced a model that shows which stimulus options result in the most increase in GDP per dollar of government spending/tax reduction. I’ve highlighted the three options that are relevant to NZ (the Bush tax cuts are remarkably similar to the […]
Written By: - Date published: 1:39 pm, October 31st, 2008 - 5 comments
National’s redundancy package would effectively continue Working for Families payments for some people who would otherwise lose them after redunancy. Only people who have been in the same job for six months would get it, cutting out labourers, temps, and contract workers. For about the same cost, it would deliver more money to fewer people […]
Written By: - Date published: 4:01 pm, October 30th, 2008 - 78 comments
It’s good to see Labour turning its focus back onto policy (and particularly the economy) today with its announcement of a “job search allowance” for people made redundant in the coming economic downturn. Basically, the allowance means if you lose your job you’ll be eligible for the dole without means-testing for up to 13 weeks. […]
Written By: - Date published: 2:15 pm, October 15th, 2008 - 24 comments
The Maori Party wants the dole abolished to be replaced by work schemes. It’s a bad idea but it’s not too far from being a good one. Make work schemes are bad in several ways. They distort the market for low-skill work. The State with an army of cheap, semi-involuntary labour ends up undercutting the […]
Written By: - Date published: 11:50 am, October 13th, 2008 - 16 comments
It was inevitable that the focus of media coverage of Labour’s announements yesterday would be the deposit insurance, it’s a good self-centred middle-class story. But the important stuff, as Irish pointed out last night, is the re-training money, the speed-up of infrastructure construction, the money for sewerage, housing, and anti-erosion projects. The deposit insurance simply acts to […]
Written By: - Date published: 12:30 pm, August 28th, 2008 - 31 comments
MSD released its Social Report today, an annual publication that collates a wide variety of standard of living measures, and produces this awesome graph. The circle represents the status quo in 1995-97 each spoke represents a different measure (income, crimes per capita etc). If the spoke is longer than the circle than the measure has improved between 1995-97 […]
Written By: - Date published: 2:18 pm, August 13th, 2008 - 16 comments
A lot of you won’t remember it but there was a time in this country when being on a benefit wasn’t seen as the fault of the person receiving it and the idea of a social welfare system was about just that: the welfare of our society. It took a campaign of right-wing scaremongering through […]
Written By: - Date published: 8:30 am, August 13th, 2008 - 91 comments
When the DPB was first proposed it had a very simple purpose, to allow mothers to leave abusive relationships, to allow them to protect their children from beatings, alcoholism and psychological abuse. It was intended to ensure that those children would have a real chance at a healthy and happy life. It did not, and could […]
Written By: - Date published: 10:45 am, August 12th, 2008 - 21 comments
The Child Poverty Action Group thinks that National’s welfare policy is likely to hurt vulnerable children.
Written By: - Date published: 10:36 am, August 12th, 2008 - 15 comments
Dog whistle politics to some, beneficiary bashing to others. But is there logic to National’s policy on benefits? Gordon Campbell asks: Will John Key’s policy announcement on welfare this afternoon do much to resolve the problems it claims to address? Hardly… It is as if National felt the need to beat up on beneficiaries somehow, and somewhere […]
Written By: - Date published: 4:28 pm, August 11th, 2008 - 110 comments
Wonder of wonders, the Nats’ benefits policy has an 11 page document attached to it. Oh, wait, it’s mostly just stats ripped from the MSD website and long-winded rewordings of the bullet-points, not actual detail of the Nats’ policy. So, what have we got from the party that proclaims it wants more disciplined spending, less […]
Written By: - Date published: 11:36 am, August 11th, 2008 - 40 comments
That nice man, Mr Key, the one who says the old Left/Right divide is over, that he’s a new man with a new (ambitious) vision for New Zealand has rolled out an unprecedented and exciting policy today: beneficiary bashing. At present, we have a world-leading benefit system. By investing in staff, WINZ has become more […]
Written By: - Date published: 1:20 pm, August 7th, 2008 - 15 comments
Unemployment rose again last quarter but remains under 4%. It has now been under 4% for 16 of the last 17 quarters. Interestingly, the number of employed people also increased last quarter but more people came into the workforce who were previously not looking for work. So, workforce participation grew faster than employment grew, meaning […]
Written By: - Date published: 2:59 pm, August 6th, 2008 - 15 comments
The dreadful Judith Collins is once again peddling lies about sickness beneficiaries to try and soften the ground for National to throw our most sick and vulnerable citizens back into work if they ever regain power. In a press release this afternoon, Collins screams: “the latest figures showing that the number of people on the […]
Written By: - Date published: 11:40 am, June 19th, 2008 - 55 comments
Times are going to get harder for workers in the next few years. Unemployment is set to rise to 4.5-6% (still well under 1990s levels). The wages of those who keep their jobs won’t rise as fast. At the same time, prices are rising faster, particularly petrol. What […]
Written By: - Date published: 5:49 pm, May 28th, 2008 - 34 comments
Hear that sound? It’s Judith Collins banging the sickness beneficiaries drum again. Fresh from a sensationalist report on the front page of the Dom today, Collins is demanding the Government and the Department of Work & Income: “admit they are failing beneficiaries and failing doctors because Labour is more focused on pushing people on to […]
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