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Page 1
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Page 4 Post
1990 Speech Index
ACT must :
Leading the charge.
A stark way
Showing both sides of the coin
Being practical about it
ACT's job is to put its alternative approach to the voter in
a straightforward but stark way e.g. :
-
Is the present welfare, education health and government
ownership system worth what it costs you i.e. $1million in capital in your
name on retirement?
-
Is it worth the loss of income you will thereby suffer in
retirement (i.e. $800 a week)?
-
Is it worth losing the right to send your child to the
school of your choice?
Kings College
Auckland Grammar etc.
-
Is it worth losing the right to have your own and your
family's choice of health insurance?
-
Is owning the Post Office, Broadcasting Services etc. worth
$200,000 in capital to you and $10,000 a year in retirement?
Finally - to sum up
-
We have to start putting people ahead of state owned and
operated institutions.
-
We have to overcome the problem of provider capture.
-
In the social policy area, we need to do more for consumers
by changing the environment in which the service providers operate - more than
simply just adding to our so-called investment in the existing institutional
set-up.
-
I believe my strategy can deliver on all of these scores.
That it offers the means of changing incentives and attitudes so that
providers faced the incentive to work in ways that best achieve our goal of
putting people - the consumer in the system - first.
Appendix 1
Retirement Superannuation and Health Care Fund
Contributions at $4,000 a year Real and 6% Interest (Real)
|
Year |
Start Year |
Contribution
$4,000 Real Each Year |
6% Interest |
Balance End Year |
|
1 |
------ |
4,000 |
120 |
4,120 |
|
2 |
4,120 |
4,000 |
370 |
8,490 |
|
3 |
8,490 |
4,000 |
630 |
12,120 |
|
4 |
13,120 |
4,000 |
850 |
17,970 |
|
5 |
17,970 |
4,000 |
1,200 |
23,170 |
|
6 |
23,170 |
4,000 |
1,510 |
28,680 |
|
7 |
28,680 |
4,000 |
1,840 |
34,520 |
|
8 |
34,520 |
4,000 |
2,190 |
40,710 |
|
9 |
38,710 |
4,000 |
2,440 |
47,150 |
|
10 |
47,150 |
4,000 |
2,950 |
54,100 |
|
11 |
54,100 |
4,000 |
3,400 |
61,500 |
|
12 |
61,500 |
4,000 |
3,800 |
69,300 |
|
13 |
69,300 |
4,000 |
4,300 |
77,600 |
|
14 |
77,600 |
4,000 |
4,800 |
86,400 |
|
15 |
86,400 |
4,000 |
5,300 |
95,700 |
|
16 |
95,700 |
4,000 |
5,900 |
105,600 |
|
17 |
105,600 |
4,000 |
6,300 |
115,900 |
|
18 |
115,900 |
4,000 |
7,100 |
127,000 |
|
19 |
127,000 |
4,000 |
7,700 |
138,700 |
|
20 |
138,700 |
4,000 |
8,400 |
151,100 |
|
21 |
151,100 |
4,000 |
9,200 |
164,300 |
|
22 |
164,300 |
4,000 |
10,000 |
178,300 |
|
23 |
178,300 |
4,000 |
10,800 |
193,100 |
|
24 |
193,100 |
4,000 |
11,700 |
208,800 |
|
25 |
208,800 |
4,000 |
12,500 |
225,300 |
|
26 |
225,300 |
4,000 |
13,600 |
242,900 |
|
27 |
242,600 |
4,000 |
14,700 |
261,600 |
|
28 |
261,600 |
4,000 |
15,800 |
281,400 |
|
29 |
281,400 |
4,000 |
17,000 |
302,400 |
|
30 |
302,400 |
4,000 |
18,300 |
324,700 |
|
31 |
324,700 |
4,000 |
19,500 |
348,200 |
|
32 |
348,200 |
4,000 |
21,000 |
373,200 |
|
33 |
373,200 |
4,000 |
22,500 |
399,700 |
|
34 |
399,700 |
4,000 |
24,100 |
427,800 |
|
35 |
427,100 |
4,000 |
25,600 |
457,400 |
|
36 |
457,400 |
4,000 |
27,600 |
489,000 |
|
37 |
489,000 |
4,000 |
29,500 |
522,500 |
|
38 |
522,500 |
4,000 |
31,500 |
558,000 |
|
39 |
558,000 |
4,000 |
33,500 |
595,500 |
|
40 |
595,500 |
4,000 |
35,800 |
635,300 |
|
41 |
635,300 |
4,000 |
38,200 |
677,500 |
|
42 |
677,500 |
4,000 |
40,600 |
722,100 |
|
43 |
722,100 |
4,000 |
43,400 |
769,500 |
|
44 |
769,500 |
4,000 |
46,300 |
819,800 |
|
45 |
819,800 |
4,000 |
49,300 |
873,100 |
|
46 |
873,100 |
4,000 |
52,500 |
929,600 |
|
47 |
929,600 |
4,000 |
55,800 |
989,400 |
Appendix 2
How do you pay for $4,000 Government contribution?
Budget Changes - Year 1
|
Tax reductions for superannuation contributions
2žm New Zealanders x $4,000 |
$9,000 |
|
Tax reductions '39c - 33c' |
$600 |
|
Drop in investment income |
$700 |
|
Low-income insurance assistance |
$500 |
| |
$10,800 |
Paid for by
|
Tertiary education - super claw back and reduction in
costs |
$1,500 |
|
Welfare claw back |
$2,500 |
|
Reduction in interest costs |
$2,300 |
|
Reduction in general government expenditure
(including allowance for future) |
$1,000 |
|
Reduction in budget surplus |
$3,000 |
|
Additional indirect and direct tax |
$500 |
| |
$10,800 |
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Post 1990
Speech Index
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