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Speaker 1: Afternoon.

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Speaker 2: Chris Luckson has twice said today that he wants to

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Speaker 2: raise the retirement age to sixty seven. Now, this is

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Speaker 2: after pulling more government support out of our other retirement scheme. Key,

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Speaker 2: we savor a yesterday's budget. Chris Luckson says they'll take

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Speaker 2: the proposal to next year's election. I think we should

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Speaker 2: try the capable of the cleanest way to deal with that.

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Speaker 2: I think elections exactly again. But of course there's a catch,

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Speaker 2: and that catch would be Winston Peters. David Seymour is

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Speaker 2: the other leader of the other coalition party, the ACT Party,

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Speaker 2: and with us. Now, hey, David, hey, ever, would you

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Speaker 2: support going to sixty seven?

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Speaker 1: Well, we've campaigned on it for years, and often to

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Speaker 1: our cost. I suspect that people have been turned off

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Speaker 1: voting ACT because there's some truths that are expensive to

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Speaker 1: tell politically. But the reality is that our country now

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Speaker 1: has a major problem with balancing the budgets over the

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Speaker 1: next decade and beyond. That's because every year about sixty

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Speaker 1: five people turned sixty five and live longer, and the

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Speaker 1: number of children they had to keep paying taxes is

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Speaker 1: less than it was in say, the nineteen sixties. When

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Speaker 1: this whole thing became the norm. So I believe it's

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Speaker 1: actually essential that we face up to it and change

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Speaker 1: of saying it for a long time. I remember when

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Speaker 1: the National Party said they were going ho for the change,

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Speaker 1: but they wanted to start it in twenty thirty seven.

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Speaker 1: That was in twenty seventeen, twenty years delay on the policy,

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Speaker 1: and then of course a few years went by and

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Speaker 1: they said, well, look we might do it by twenty

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Speaker 1: forty four. So of course is now coming back into

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Speaker 1: the present and saying we've got to start being honest

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Speaker 1: with each other about our future. Then I would support

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Speaker 1: that and welcome to the position.

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Speaker 2: I mean, I think the difficulty you guys are going

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Speaker 2: to have is that there is so much welfare that's

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Speaker 2: just handed out. I feel like that's social contract. To

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Speaker 2: touch that, you would probably have to wind back a

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Speaker 2: whole lot of other welfare first to save money, don't

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Speaker 2: you think.

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Speaker 1: Well, I just think the fact that turning away from retirement,

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Speaker 1: one in six New Zealanders right now are on some

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Speaker 1: sort of benefit. Now, I believe that there should be

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Speaker 1: something for people who genuinely have a disability or can't work.

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Speaker 1: In fact, I think there's people in those circumstances who

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Speaker 1: should have more. But I refuse to believe that one

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Speaker 1: in six working age New Zealanders unable to work. It's

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Speaker 1: just an outrage, really, and that's why the biggest item

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Speaker 1: on the government budget. I mean, we're spending about one

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Speaker 1: hundred and forty five billion dollars on everything in the budget,

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Speaker 1: but over forty five of that one hundred and forty

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Speaker 1: five is basically super and benefits of various sorts.

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Speaker 2: Are you counting things like the winter energy payment, the

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Speaker 2: best start payment, working for faver, like the whole.

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Speaker 1: Lot of it. I'm counting those, but I'm also counting

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Speaker 1: things like soule parent support, which many listeners will know

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Speaker 1: as the DPB job seeker many will know as the DOLE.

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Speaker 1: You know, you add it all together, and there's things

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Speaker 1: like you know, invalids and veterans and things that I

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Speaker 1: think we should absolutely stand behind and ideally increase, but

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Speaker 1: they're one in six is far too many. And frankly,

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Speaker 1: you know, I look around Parliament and I see it

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Speaker 1: appears to be possible for people to work well past

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Speaker 1: sixty five. So I think it's time for everyone to

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Speaker 1: get on board.

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Speaker 2: Okay, now, did you realize, because Jonesy obviously didn't realize,

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Speaker 2: did you realize that there's no tap on how much

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Speaker 2: these people can spend on assets and then claim the

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Speaker 2: twenty percent tax incentive?

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Speaker 1: Well, yeah, absolutely, I mean, I you know, I've seen

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Speaker 1: people criticize that feature, but if you think about it,

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Speaker 1: there's no risk to the government. If people end up

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Speaker 1: doing more investment in capital equipment than we thought, then

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Speaker 1: that's true. That's that's more money, that more investment that

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Speaker 1: we won't be able to text as much. But overall

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Speaker 1: there's still more investments, so it's not as they were

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Speaker 1: going to be worse off.

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Speaker 2: But is it not a chance that the six point

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Speaker 2: six that you've set aside billion dollars obviously over four

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Speaker 2: years blows out?

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Speaker 1: Well, I mean there is, but it's also true that

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Speaker 1: if that happened, it's because there's even more investment than

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Speaker 1: we thought and we'll actually get more tax off at

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Speaker 1: in the long run.

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Speaker 2: So how did Joe not realize that that's.

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Speaker 1: Ability no cap Look, I mean, I think it may

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Speaker 1: see me as the nerdy end of the of the

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Speaker 1: government spectrum, but sometimes you know, it has its advantages.

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Speaker 2: It was very magnanimous of you well, said David Seymour,

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Speaker 2: AX Party leader. I think what we're trying.

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Speaker 1: To For more from Heather Duplessy Allen Drive. Listen live

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