Thursday, 27 October 2011

Labour's plan to slash pensions lacks conviction

So, Mr Goff is going to slash pensions in 20 years time.

"Labour would also gradually raise the age of eligibility for New Zealand superannuation from 65 to 67. That would be done over 12 years between 2020 and 2033 giving people time to plan". NZ Herald

I agree with his plan to slash pensions but is it really a political winner when it will be the very people who you say you back and will vote for you that will be the ones that lose big-time -albeit in 20 years time when Phil will be collecting the full whack from his heavily taxpayer subsidized pension - no not really.

I don't think he has the courage of his convictions with this policy. Otherwise the lead-in time would have been much sooner. It is more of a I'm different, look at me, look at me, grab for media attention.

He got the attention today but what the heck is he going to do next to surprise us?

Go back to the asset selling that he did in the 1980s?

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