01-02-2022, 08:05 PM
(This post was last modified: 01-02-2022, 08:06 PM by Oh_hunnihunni.)
So are a lot of things that those paying taxes never benefit from.
Fact is though super is taxation based it isn't a pension fund. It is not the same as kiwisaver. The taxes I paid as an employee paid for my parents generation's retirement, not mine. The taxes the current generation pay support me in my old age.
Taxpayers do not get to decide where their taxes are spent, nor are any promises made in exchange for those taxes. It would be chaos if it were so...
The reality is many of the people who apply for and receive super have no need for it, while many superannuitants live hand to mouth close to the poverty line. How anyone can think that a fair system is beyond me.
Fact is though super is taxation based it isn't a pension fund. It is not the same as kiwisaver. The taxes I paid as an employee paid for my parents generation's retirement, not mine. The taxes the current generation pay support me in my old age.
Taxpayers do not get to decide where their taxes are spent, nor are any promises made in exchange for those taxes. It would be chaos if it were so...
The reality is many of the people who apply for and receive super have no need for it, while many superannuitants live hand to mouth close to the poverty line. How anyone can think that a fair system is beyond me.