This is why NZ Super should be means tested

The Herald reports:

The number of New Zealand retirees getting their superannuation while earning more than $100,000 has topped 30,000 – costing taxpayers more than half a billion dollars each year.

Figures released to RNZ’s Checkpoint show that number has nearly tripled over the past ten years – and doesn’t even include incomes through Kiwisaver, or other investment portfolios.

So we are spending $500 million a year on super payments to people earning more than $100,000 a year. That’s scandalous.

Think what you could achieve if you spent that money on lowering the cost of early childhood education or increasing the budget?

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