According to Bill English.
“English said that one powerful influence driving personal debt over savings was government welfare.
“I remember going along to AMP to talk to their staff and they said I was by far their biggest competitor.
“The government gives free childcare, free compulsory education, no interest on tertiary … and pay per week per child. Everything is free so why should people save?”
We don’t save enough. Of course it’s not that poor and middle income people don’t have enough money to allow them to save. No. And it’s certianly nothing to do with the rampantly consumerist society we live in. Oh god no: it’s obviously the fault of our welfare state.
I’m sure everyone could get a fair go and the playing field would suddenly be even if we had to pay more for the things that help social mobility.
Can’t people see these ideas are nutty?
I may have to rename this blog the rage – coz I’m feeling it.