Sunday, August 15, 2010

Things I never thought a National government would consider supporting...

Introducing a compulsory savings plan.

I can't wait to hear the howls from the libertarians and the Property Party (ie Act).
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3 comments:

Ivan said...

I haven't read the plan, but I'm guessing that the schemes we're compelled to pay into will be privately-run ones that their wealthy owners can treat as their own personal piggy banks.

So a shiny groat says that Act will be all in favour.

7:04 am
Unknown said...

Hates compulsion we does. Nasty, nasty compulsion.

If it's supposed to act as a pool for investment, then how about improving the quality of investment. $10 earning 6% and $10 sitting idle is better than $20 earning 2.5%.

8:35 am
Stephanie said...

"So a shiny groat says that Act will be all in favour."
Alas, I somehow suspect you're right. Who cares if it would be diametrically opposed to their every stated principle?

7:01 pm

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