NZ has a simple choice about the kind of social safety net we want to have. Either;

* we means-test superannuation so it doesn't bankrupt the government

OR

* we provide a Guaranteed Minimum Income for *everyone*, and lift taxes on excessive incomes and hoarded wealth, so those who don't need a living subsidy pay it back in tax

Universal social subsidies for the old, and austerity for everyone else, is neither sustainable nor fair.

#NZPolitics #superannuation

“Renewables might now be cheaper than fossil fuel in the vast majority of cases, but this makes them less attractive to capital, not more. Fossil fuels are uncompetitive and highly profitable. Renewables are highly competitive and not very profitable.

As a result, fossil fuel extractors will fight tooth and nail to prevent market forces from operating.”

Basically, you are not going to change these companies from within because they can’t afford to give up their business model.

#renewables #fossilfuels #superannuation

“Renewables might now be cheaper than fossil fuel in the vast majority of cases, but this makes them less attractive to capital, not more. Fossil fuels are uncompetitive and highly profitable. Renewables are highly competitive and not very profitable.

As a result, fossil fuel extractors will fight tooth and nail to prevent market forces from operating.”

Basically, you are not going to change these companies from within because they can’t afford to give up their business model.

#renewables #fossilfuels #superannuation