Many people over the age 65 are still in the paid labour force. (There are other great pressures for more government spending which also demand higher tax rates. I leave you to judge whether the proposal to raise the age from 65 to 67 was courageous or timid; I think it is the wrong strategy. The eligibility age should not be jumped up but rise incrementally, as it did under the Richardson-Cullen scheme. A second strategy is to abate more strongly the NZS of those on higher incomes.

Source: Stuff October 06, 2024 20:31 UTC