Friday, September 18, 2009

The year 2050

What will you be doing in the year 2050? Probably, if you're like me at my current age, you'll be doing crosswords, playing lawn bowls and getting around using either a zimmerframe or a motorised buggy.

What will life in NZ be like for your kids?
The debt to GDP ratio is likely to balloon out to well over 200 per cent of GDP by 2050, and that's using assumptions for productivity, credit ratings and interest rates based on recent experience. A debt level that high would of course force our credit rating lower and our interest rates up.

A 300 per cent debt to GDP ratio is possible. This is obviously unsustainable with the current policies.

Those 20-30 year olds graduating into the workforce now can look forward to working much longer than their parents and paying much higher taxes than their parents. That's unless their parents choose now to increase the pensionable age, reduce the value of the pension from its current 66 per cent of median wages, start rationing healthcare and save a lot more for their retirement.

Why aren't our political leaders, especially our PM, planning for this with policies put in place now that will ensure our kids in 2050 can afford healthcare; will have an adequate retirement income; and will have the quality of life that their paid taxes over forty years demand?

When will they stop tinkering at the edges and cut to the core?

We badly need politicians in parliament who don't give a stuff about being their long term. We need a core of about 10-12, enough to ensure a majority in Cabinet, who will enact massive structural reform in tax, health, education and superannuation and then leave without a care in the world about being re-elected.

Otherwise the rich will get richer and the poor will get poorer up until 2050 and then we'll have a crisis on our hands. The great shame then will be that people like me (in a retirement village somewhere) will get on talkback and tell the hosts it was all predicted 30 years ago but no one did anything about it. That will be a travesty.

11 comments:

Andrei said...

croutsh Why aren't our political leaders, especially our PM, planning for this with policies put in place now that will ensure our kids in 2050 can afford healthcare; will have an adequate retirement income; and will have the quality of life that their paid taxes over forty years demand?

They are far too busy fucking the productive class over with their ETS shell game.

For goodness sake Gooner if we make this country prosperous we will fuck the planet in the process - where have you been you filthy carbon emitter you

Andrei said...

If you are wondering why croutsh means in my previous comment - well nothing actually, it was the word verification word which ended up being typed in the wrong place.

Carry on

Anonymous said...

The country is ALREADY fucked over. You're ignoring the nett debt not just govt debt. The time to zero all benefits and stop all health and education spending is NOW.

Adolf Fiinkensein said...

Aaaaaah Gooner. What you are advocating is government by Bainimarama. Welcome to the world.

homepaddock said...

It would be a pity to waste the recession. Tough times are an opportunity for tough decisions - starting by stopping welfare payments for middle and upper income fammilies would be a good start.

pdm said...

Gooner you should be playing lawn bowls now. I was 30 when I started playing and don't regret a minute of it.

Anonymous said...

Silly me, I thought the whole point of this govt was to make the rich richer, and the poor poorer........

Gooner said...

Indeed, you are silly. Very silly.

Anonymous said...

Naa -not poorer. I'd rather just machine gun all the bludgers. Especially labour party members and unionists.

Lindsay said...

http://lindsaymitchell.blogspot.com/2009/09/nationalact-government-to-left-of.html

Even the Swedish government is acting more responsibly than our lot.

Another day on which I say a silent thanks both of my NZ-born chilren have Euro passports.

Anonymous said...


We badly need politicians in parliament who don't give a stuff about being their long term. We need a core of about 10-12, enough to ensure a majority in Cabinet, who will enact massive structural reform in tax, health, education and superannuation and then leave without a care in the world about being re-elected.


That won't do and you know it. How many of Roger and Ruth's reforms remained after Hellen? NOT ONE.

We bought back the SOEs, we fucked with the reserve bank act, we made a new postback, we bought back the railways, we ran up a huge fucking debt, we paid civil sercunts more and more, we whacked the taxes up huge amounts, and got more and more of them, we didn't privatise the schools or stop the hospitals or keep the super "surtax" and on and on and on...

The crisis is not 2050. The crisis is now.

But 10-12 committed MPs won't solve it any more. Even under FPP - but even more under MMP - Labour will get back in and ruin it all. Just like they did last time!

We need to change the franchise and governing arrangements - so that bludgers, codgers, scum, civil sercunts and the like CANNOT VOTE

Then we will get long lasting change.

And we need to Arm the police - so that the protestors and lefties and greenies and all the rest can be dealth with,

Zero all benefits including super now.

Stop all funding to health and education now.

it really is that urgent - and that simple.