this post was submitted on 17 Jul 2023
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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