Taxpayer Talk: Ruth Richardson and Eric Crampton on the KiwiSaver Trap
In this episode of Taxpayer Talk, Peter Williams is joined by Eric Crampton from the New Zealand Initiative and former Finance Minister (and Taxpayers’ Union Chair) Ruth Richardson to tackle the renewed debate over compulsory KiwiSaver and New Zealand’s looming superannuation crunch.
Is forcing New Zealanders to save more really the answer, or just another way for politicians to dodge the hard choices on superannuation? From fears of governments raiding retirement funds to young taxpayers being asked to pay twice, Ruth and Eric take a closer look at who wins, who loses, and whether compulsory KiwiSaver is a safety net or a trap.