Securing NZ’s prosperity with savings
NZ Herald Last week, NZ First leader Winston Peters announced his party’s bold proposal to make KiwiSaver compulsory by supporting employers through tax cuts and raising the contribution rates to 10% of wages. This was politically significant as it puts savings reform at the centre of our economic policy debate. Peters is correct in stating that…
The Case for Higher Domestic Savings in New Zealand – Driver of Economic Growth
“The problem with the current system is that retirees’ benefits are financed on a “pay-as-you-go” basis, by taxing concurrent employees. The obvious solution is to shift to a privatized system of pre-funding those benefits through mandatory contributions to individual accounts. The increased savings during working years that such a system of individual accounts entails and…
Learning about new policy initiatives from Singapore
Leonard Hong shares his experience of studying in Singapore on a Prime Minister’s Scholarship for Asia. I strongly urge students to apply for the Prime Minister’s Scholarship for Asia, it was one of the best decisions of my life. As an undergraduate student at the University of Auckland in 2019, I finished the autobiography by…
Lessons from Singapore on getting the Government’s books in shape without paying more tax
The Treasury, in its briefing to incoming finance minister Nicola Willis, said a comprehensive capital gains tax would generate more tax revenue to help balance the Government’s books. But can’t prudent fiscal policy be achieved in other ways? Singapore provides some answers. A couple of weeks ago, the city-state’s finance minister Lawrence Wong released the…
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My writings covers a wide range of topics but mainly around political affairs, economic policy, international relations and globalisation.
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Leonard Hong 