Our Money? or a Ship of Dreams.
Keep it in the Bank?
New Zealand had the National Superannuation, dumped into the Consolidated Fund that seem to vanish like a ghost out the back door. Then Kiwi Saver, the question is where does that money go.?
It is swallowed up by a extraordinary tapestry of portfolios that once one retires would they still be active, healthy or slide into the financial abysses as many financial institutions have of recent.
Portfolios sold between one company and another, tracking “your saving” is worst than a drunken mystery tour in a bus.
Financial houses of the managed funds many unqualified or even understand the market and are/were commission driven and driven by greed and over inflated egos’.
A lot of New Zealanders would like to save, even a clean up of the financial market place, who would trust them, let alone the fact many New Zealanders wages are so poor there is not the money to save.
Playing with numbers creating ‘average’ representation of income for those ( many thousands of families) are below the average earnings it is no wonder the country is becoming poorer by the day.
If the top earners are looked after and the working people are shut out in the cold what is the expectation of the psychology of the social fabric.?
The ordinary people understand the corporate director, or franchise owner, or the man who owns the business takes the risk and should be rewarded as such, however not to the point of million dollar bonuses, government rorts that in the civil sense go unpunished, greed that impoverishes the back bones of the country which is the working man.
Is New Zealand turning into a sweat shop country? The underbelly of society in New Zealand is poverty, hungry children and crime, violence and crimes of family abuse, child abuse, surely some spawned from frustration, stress, a country inept to care for the special needs people, the elderly, the disabled and importantly the contributor to the wealth of the country the working man.
New Zealand has every opportunity to show case a country rich in natural resources, demonstrate that a financial national programme for superannuation that cannot be squandered by successive governments, is it not better to have a modest percentage of interest on that money than as recent events have shown like a pack of cards fold by the rotten hand dealt by financial institutions.
Kiwi saver? Is a rort, put it into the bank or as granny did under the mattress. Why give your hard earned cash to some-one you do not know to “save” for you, use your money to expand or prop up a company, rather than the company expand by its’ own merits on the foundations good business.
In today’s climate the real question is :
“Could you afford to leave a thousand dollars on the street and walk away and trust it is there the next day?”
