1 00:00:07,133 --> 00:00:10,453 Speaker 1: You're listening to the Saturday Morning with Jack Teams podcast 2 00:00:10,573 --> 00:00:13,493 Speaker 1: from News Talks at be AH. 3 00:00:13,493 --> 00:00:15,653 Speaker 2: Thank you very much for your messages this morning. Peter says, 4 00:00:15,733 --> 00:00:19,293 Speaker 2: Jack means testing Super. Your lefty eat the rich attitude 5 00:00:19,373 --> 00:00:22,373 Speaker 2: is showing again. Peter, I'm not a lefty eat the richer. 6 00:00:23,093 --> 00:00:24,653 Speaker 2: But let me ask you this. If you think that 7 00:00:24,773 --> 00:00:27,693 Speaker 2: means testing super is eating the rich, what do you 8 00:00:27,733 --> 00:00:30,293 Speaker 2: think of means testing key we saber? Isn't that the 9 00:00:30,293 --> 00:00:33,013 Speaker 2: same thing if you're earning more than one hundred and 10 00:00:33,053 --> 00:00:34,893 Speaker 2: eighty grand a year and you're no longer getting the 11 00:00:34,893 --> 00:00:37,853 Speaker 2: government contribution that everyone else is getting, isn't that also 12 00:00:37,853 --> 00:00:41,293 Speaker 2: eating the rich? Peter, Jack, Good morning, A good editorial, 13 00:00:41,333 --> 00:00:43,373 Speaker 2: says another Peter. We do really need to have a 14 00:00:43,413 --> 00:00:46,573 Speaker 2: conversation about raising the age of superannuation as well. I 15 00:00:46,573 --> 00:00:48,733 Speaker 2: guess that's not going to happen so long as Winston 16 00:00:48,773 --> 00:00:52,333 Speaker 2: Peters is anywhere near power. I mean it is. I'm 17 00:00:52,413 --> 00:00:55,293 Speaker 2: not saying that we definitely have to means test super. 18 00:00:55,373 --> 00:00:57,013 Speaker 2: I'm not saying that we definitely have to raise the 19 00:00:57,053 --> 00:00:59,933 Speaker 2: age of super. I don't know and am open to 20 00:00:59,973 --> 00:01:02,173 Speaker 2: suggestions as to what the best solution is going to be. 21 00:01:02,693 --> 00:01:06,373 Speaker 2: But I think the longer we defer what are pretty 22 00:01:06,453 --> 00:01:10,933 Speaker 2: difficult conversations and pretty difficult policy decisions, the worse it's 23 00:01:10,933 --> 00:01:12,933 Speaker 2: going to be. The more the problem is going to snowball. 24 00:01:13,293 --> 00:01:14,973 Speaker 2: If you want to send this message, ninety two ninety 25 00:01:14,973 --> 00:01:17,053 Speaker 2: two is the text number. Don't forget the standard text 26 00:01:18,133 --> 00:01:19,893 Speaker 2: cost supply. If you're doing that, you can email me 27 00:01:19,933 --> 00:01:22,253 Speaker 2: as well. Jack at newstalok zb dot co dot NZ. 28 00:01:23,133 --> 00:01:26,373 Speaker 2: Kevin Milne is with us this morning, Kildo, Kevin Kyloder. 29 00:01:26,453 --> 00:01:29,893 Speaker 3: Jack. You know my thoughts about means testing SUPER. I'd 30 00:01:30,053 --> 00:01:33,933 Speaker 3: been raving about it for years. It needs to take place, 31 00:01:33,973 --> 00:01:36,573 Speaker 3: And I don't think you're talking about you know when 32 00:01:36,613 --> 00:01:39,853 Speaker 3: you will get Super. You should never get Super, You'll 33 00:01:39,893 --> 00:01:42,853 Speaker 3: never need it. Yeah, neither do why and I get it, 34 00:01:43,293 --> 00:01:46,693 Speaker 3: but I don't think I think it ought to be 35 00:01:47,053 --> 00:01:48,533 Speaker 3: means tested. Absolutely. 36 00:01:48,653 --> 00:01:50,853 Speaker 2: Yeah, So it's interesting. So I think here we Save. 37 00:01:50,893 --> 00:01:54,013 Speaker 2: It was came into effect in two thousand and seven, 38 00:01:54,653 --> 00:01:57,573 Speaker 2: which is about when I started. I think I started 39 00:01:57,573 --> 00:01:59,893 Speaker 2: working full time in about two thousand and seven, so 40 00:02:00,013 --> 00:02:02,813 Speaker 2: I'm kind of the perfect guinea pig for a key 41 00:02:02,813 --> 00:02:05,733 Speaker 2: we saver, and I think I contribute five percent, So 42 00:02:05,813 --> 00:02:09,253 Speaker 2: I contribute slightly more than the minimum, but it is 43 00:02:09,413 --> 00:02:11,173 Speaker 2: you know, it's going to be interesting over the next 44 00:02:11,173 --> 00:02:15,653 Speaker 2: couple of decades to compare my super superannuation savings with 45 00:02:15,733 --> 00:02:19,013 Speaker 2: the generation before me, but also like a generation or 46 00:02:19,013 --> 00:02:22,813 Speaker 2: two afterwards, because you know, you think that young people today, like, 47 00:02:22,853 --> 00:02:24,573 Speaker 2: if there's one message I could get them, it would 48 00:02:24,573 --> 00:02:26,533 Speaker 2: be it would be to save more than three or 49 00:02:26,533 --> 00:02:29,493 Speaker 2: four percent, save more than the beare minimum. Because I 50 00:02:29,533 --> 00:02:34,333 Speaker 2: don't think anyone under you know, under forty today has 51 00:02:34,413 --> 00:02:37,373 Speaker 2: any great expectation that superannuation is going to exist in 52 00:02:37,413 --> 00:02:39,973 Speaker 2: the same form that it has existed for many years 53 00:02:40,213 --> 00:02:44,253 Speaker 2: by the time we get to retirement age. So yeah, yeah, anyway, Hey, 54 00:02:44,253 --> 00:02:46,453 Speaker 2: given you want to celebrate the ambition of a christ 55 00:02:46,533 --> 00:02:47,973 Speaker 2: Church entrepreneur this morning. 56 00:02:48,613 --> 00:02:50,573 Speaker 3: Yeah, Well, there's a saying, jack, isn't it that if 57 00:02:50,573 --> 00:02:54,253 Speaker 3: you know precisely what job you'd like to have, you 58 00:02:54,413 --> 00:02:58,013 Speaker 3: will one day get it. This isn't just to say 59 00:02:58,213 --> 00:03:01,293 Speaker 3: I want to be a lawyer or some other broad category. 60 00:03:01,533 --> 00:03:03,693 Speaker 3: You need to be able to say one day I 61 00:03:03,773 --> 00:03:05,973 Speaker 3: want to be the man who drives the peg time 62 00:03:06,013 --> 00:03:10,093 Speaker 3: bus from Karori into the city, or perhaps more difficult, 63 00:03:10,333 --> 00:03:13,333 Speaker 3: I want to be the senior District Court judge in 64 00:03:13,453 --> 00:03:17,253 Speaker 3: christ Church. I love the fact that the first news 65 00:03:17,333 --> 00:03:21,453 Speaker 3: ylinder into space is likely to be christ Church aerospace 66 00:03:21,613 --> 00:03:26,453 Speaker 3: entrepreneur Mark Rocket. Mark went further than just knowing what 67 00:03:26,533 --> 00:03:30,493 Speaker 3: he wanted to do. He changed his name to it. 68 00:03:30,493 --> 00:03:33,213 Speaker 3: It would be like me as a teenager changing my 69 00:03:33,293 --> 00:03:37,733 Speaker 3: name to Kevin Radio or Kevin Carpett, or you Jack 70 00:03:37,773 --> 00:03:41,653 Speaker 3: to Jack Media. Think I think Jack Media sounds. 71 00:03:41,453 --> 00:03:43,293 Speaker 2: Quite Yeah, yeah, it's an option. 72 00:03:44,253 --> 00:03:47,853 Speaker 3: Yeah. Anyway, Now, Mark Rocket's a book to become the 73 00:03:47,853 --> 00:03:51,373 Speaker 3: first news islander to go into space on board a 74 00:03:51,453 --> 00:03:56,093 Speaker 3: Blue Origin subordital flight out of Texas. He's not sure 75 00:03:56,133 --> 00:03:59,093 Speaker 3: when yet, but good on him. He's fascinated by space 76 00:03:59,173 --> 00:04:03,653 Speaker 3: travel and hopefully he'll soon be doing some There's nothing 77 00:04:03,733 --> 00:04:06,213 Speaker 3: new to naming yourself, of course, after what you do. 78 00:04:06,893 --> 00:04:10,533 Speaker 3: Many of, if not most, of our surnames say something 79 00:04:10,573 --> 00:04:13,973 Speaker 3: about our fore bear's job. If you're milm like I am, 80 00:04:14,293 --> 00:04:17,133 Speaker 3: someone at the start of that lineage was a miller, 81 00:04:18,173 --> 00:04:22,773 Speaker 3: probably a Cabot miller. All the smiths were once blacksmiths 82 00:04:22,853 --> 00:04:26,293 Speaker 3: or silversmiths or some other kind of snuody. Jack a 83 00:04:26,293 --> 00:04:30,333 Speaker 3: little more, a bit more difficult in your case, you'll 84 00:04:30,373 --> 00:04:34,493 Speaker 3: know the outclaim you come from a lineage of famous lion. 85 00:04:36,493 --> 00:04:39,093 Speaker 3: Quite a few politicians would go along with that. I think, 86 00:04:39,453 --> 00:04:40,653 Speaker 3: what do you what are your thoughts? 87 00:04:40,813 --> 00:04:41,493 Speaker 2: Yeah? 88 00:04:41,693 --> 00:04:44,573 Speaker 3: I mean where does where does Tame come from? Do 89 00:04:44,613 --> 00:04:44,813 Speaker 3: you know? 90 00:04:44,893 --> 00:04:50,213 Speaker 2: So my understanding is that it's because my dad's from Birmingham. 91 00:04:50,853 --> 00:04:54,333 Speaker 2: I think it's from Thames, from the from the river Thames. 92 00:04:54,933 --> 00:04:58,413 Speaker 2: Be come Tame as a result of Thames. But it's 93 00:04:58,413 --> 00:05:01,453 Speaker 2: one of these things like I it's an unusual name. 94 00:05:01,573 --> 00:05:03,333 Speaker 2: And in New Zealand, you know, my whole life, people 95 00:05:03,373 --> 00:05:05,133 Speaker 2: have said, oh, Jack Tummy and I've said, oh, you know, 96 00:05:05,853 --> 00:05:08,213 Speaker 2: that doesn't upset me at all. I like a bit 97 00:05:08,253 --> 00:05:10,453 Speaker 2: of Jack Tummy. But actually my dad's from Birmingham. So no. 98 00:05:11,853 --> 00:05:15,373 Speaker 2: But you know, if it were Jack Wilde, my gosh, 99 00:05:15,413 --> 00:05:16,773 Speaker 2: I just feel like I'd have I would have had 100 00:05:16,773 --> 00:05:18,093 Speaker 2: a completely different life, you know. 101 00:05:18,773 --> 00:05:21,773 Speaker 3: Yes, and there is Jack wild isn't I'm. 102 00:05:21,613 --> 00:05:26,173 Speaker 2: Sure there are somewhere. Well, yeah, there was, unfortunately for me. 103 00:05:26,213 --> 00:05:29,693 Speaker 2: I don't know if you've ever seen the An Command movies, Kevin, Yes, 104 00:05:30,013 --> 00:05:33,813 Speaker 2: so that they're about the sort of silly comedies about 105 00:05:33,933 --> 00:05:37,093 Speaker 2: about a guy who's a TV news and command and 106 00:05:37,373 --> 00:05:40,573 Speaker 2: in Ang Command two there is a central character, sort 107 00:05:40,573 --> 00:05:45,133 Speaker 2: of the the main protagonist arts rival, who's a news 108 00:05:45,173 --> 00:05:49,973 Speaker 2: reporter whose name is Jack Lame. And I had a 109 00:05:49,973 --> 00:05:54,493 Speaker 2: particularly rough time after that film was produced for because 110 00:05:54,533 --> 00:05:57,133 Speaker 2: every smart ass in the world decided that they would 111 00:05:57,173 --> 00:06:01,493 Speaker 2: call me Jack Lame for however long. So, yeah, you're 112 00:06:01,493 --> 00:06:03,133 Speaker 2: so right about Mark Rockett. Do you know when I 113 00:06:03,173 --> 00:06:06,013 Speaker 2: when I saw that this week that he'd been that, 114 00:06:06,173 --> 00:06:07,893 Speaker 2: you know that he was going to be going to 115 00:06:07,893 --> 00:06:11,573 Speaker 2: space soon. I saw his photograph before I saw any things. 116 00:06:11,613 --> 00:06:13,933 Speaker 2: I saw the headline that said, you know, Christich entrepreneur 117 00:06:14,013 --> 00:06:16,053 Speaker 2: be going to space. And I looked at him and 118 00:06:16,093 --> 00:06:19,053 Speaker 2: I was like, that's Mark Rockett, And I realized it 119 00:06:19,533 --> 00:06:23,653 Speaker 2: must be what fifteen years since he first did whatever 120 00:06:23,693 --> 00:06:25,853 Speaker 2: it was, the expression of interest and putting a bit 121 00:06:25,893 --> 00:06:27,413 Speaker 2: of money forward to get a ticket on one of 122 00:06:27,413 --> 00:06:30,013 Speaker 2: these space flights. So to see him kind of follow 123 00:06:30,013 --> 00:06:31,693 Speaker 2: it through to this point, I mean, it is it 124 00:06:31,813 --> 00:06:33,613 Speaker 2: is super exciting for him, It really is. 125 00:06:33,773 --> 00:06:40,333 Speaker 3: Yeah, yeah, yeah, it's yeah. I think changes. I presume 126 00:06:40,453 --> 00:06:44,453 Speaker 3: it was probably not much past a teenager. Yeah, when 127 00:06:44,493 --> 00:06:48,173 Speaker 3: he changed his name, But what commitment to a particular job. 128 00:06:48,933 --> 00:06:51,733 Speaker 3: We could we could perhaps change our names a bit 129 00:06:51,813 --> 00:06:54,253 Speaker 3: late for me. I think to change my name to 130 00:06:54,373 --> 00:06:56,173 Speaker 3: suit any current ambition. 131 00:06:56,373 --> 00:06:58,893 Speaker 2: Kevin, Yes, there you go. 132 00:06:59,013 --> 00:07:01,453 Speaker 3: I had to ring to it, but Leo the forty 133 00:07:01,613 --> 00:07:06,493 Speaker 3: has beaten me to it. Interestingly, his name surname is Prevos, 134 00:07:06,773 --> 00:07:11,093 Speaker 3: which means an official in a position of responsibility. Ah, 135 00:07:11,213 --> 00:07:13,813 Speaker 3: you name it, you get it, Jack, I. 136 00:07:13,773 --> 00:07:15,693 Speaker 2: Didn't know that. Oh that's very good. Near A nice 137 00:07:15,693 --> 00:07:18,413 Speaker 2: little fact there, Kevin. Hey, thank you very much, sir. 138 00:07:18,533 --> 00:07:20,733 Speaker 2: We will catch you again very soon. Kevin Milne with 139 00:07:20,813 --> 00:07:22,653 Speaker 2: us this morning, and thank you very much for your 140 00:07:23,013 --> 00:07:26,333 Speaker 2: text this morning. Jack means testing super a great way 141 00:07:26,413 --> 00:07:29,013 Speaker 2: to create a new industry. Hiding your assets so you'll 142 00:07:29,013 --> 00:07:31,253 Speaker 2: still qualify it, says Peter. Yeah, I mean that that's true. 143 00:07:31,293 --> 00:07:35,053 Speaker 2: It's definitely easier to means test for key Wesaver contributions 144 00:07:35,053 --> 00:07:37,213 Speaker 2: than it would be for Super. I can agree with that. 145 00:07:37,253 --> 00:07:39,733 Speaker 2: But you know, someone said to me yesterday, why not 146 00:07:39,933 --> 00:07:43,373 Speaker 2: say if someone has more than, say a million dollars 147 00:07:43,413 --> 00:07:46,253 Speaker 2: in key we Saver, that you have a staggered approach. 148 00:07:46,653 --> 00:07:48,893 Speaker 2: So maybe you don't get if you get if you 149 00:07:48,933 --> 00:07:50,893 Speaker 2: get to you know, if you if you retire at 150 00:07:50,893 --> 00:07:52,773 Speaker 2: sixty five, you've got a million bucks and key we saver. 151 00:07:53,053 --> 00:07:56,093 Speaker 2: Then you don't get the full super allowance. You still 152 00:07:56,133 --> 00:07:59,173 Speaker 2: get some, but you you kind of stagger it. You 153 00:07:59,173 --> 00:08:00,413 Speaker 2: have in the same way that you do with a 154 00:08:00,453 --> 00:08:02,693 Speaker 2: marginal tax rate. Something like that. Anyway, bit of an 155 00:08:02,733 --> 00:08:04,493 Speaker 2: idea ninety two, ninety two if you want to send 156 00:08:04,533 --> 00:08:05,453 Speaker 2: us a message this morning. 157 00:08:05,893 --> 00:08:09,013 Speaker 1: For more from Saturday Morning with Jack Tame, listen live 158 00:08:09,093 --> 00:08:11,933 Speaker 1: to News Talks at B from nine am Saturday, or 159 00:08:12,013 --> 00:08:13,893 Speaker 1: follow the podcast on iHeartRadio.