On the way home last night I was listening the end of the day's proceedings in Parliament. During the last speech on the first reading of the Kiwi Saver Bill, Darren Hughes, Labour's senior whip, made a very telling comment.
He said that the real problem with savings at present was that workers' take home pay was too low, and that the government was committed to raising workers' income levels. Specifically they were committed to raising the minimum wage, and working for families. He then attacked the opposition, saying that despite all their talk, they obviously don't believe in higher salaries, as they voted against both of those measures (the Hansard for yesterday isn't available yet, so no link yet).
It seems that Darren Hughes believes that you can simply legislate higher wages and that is the end of the problem. He hasn't considered where the money is coming from, but just thinks, that if we pass a law increasing salaries, the problem is all over.
Unfortunately Darren, the government does not generate wealth. It only redistributes it (and not very efficiently either). Your policies to increase the minimum wage and provide the working for families package do not increase the wealth of New Zealanders overall - it just redistributes wealth from some to others.
While some redistribution is definately necessary, the government must focus on increasing the overall wealth through the correct incentives. That is what will provide higher take-home pay over the long term.tweakmaster 2.0 keygen
He said that the real problem with savings at present was that workers' take home pay was too low, and that the government was committed to raising workers' income levels. Specifically they were committed to raising the minimum wage, and working for families. He then attacked the opposition, saying that despite all their talk, they obviously don't believe in higher salaries, as they voted against both of those measures (the Hansard for yesterday isn't available yet, so no link yet).
It seems that Darren Hughes believes that you can simply legislate higher wages and that is the end of the problem. He hasn't considered where the money is coming from, but just thinks, that if we pass a law increasing salaries, the problem is all over.
Unfortunately Darren, the government does not generate wealth. It only redistributes it (and not very efficiently either). Your policies to increase the minimum wage and provide the working for families package do not increase the wealth of New Zealanders overall - it just redistributes wealth from some to others.
While some redistribution is definately necessary, the government must focus on increasing the overall wealth through the correct incentives. That is what will provide higher take-home pay over the long term.tweakmaster 2.0 keygen
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