Kiwisaver may be Kiwiloser

Bernard over at Sir Humphreys has a nice analysis of the flawed Kiwisaver plan.

I call this plan "Di-worse-ification".

It is deeply flawed and yet another example of how the laws of unintended consequences operate.

People think National has to provide alternatives. I don’t agree…yet. My view is that with all of these deeply flawed policies out there people who bought into the bribes will soon enough find out the trap they have locked themselves into. At that point Labour is completely gone never to return.

Examples are as above, the Working For Families package which locks you into a poverty trap…people are just now waking up to that little gotcha., the worsening hospital situation etc, etc.