The New Future of Kiwi Capitalism – The Post
The Post New Zealand’s two major political parties, National and Labour, are losing popular support. The latest 1News Verian poll had a combined total for both parties of only 61 percent, among the lowest since the introduction of our MMP electoral system. Their polling weakness reflects a deeper failure: neither party has provided compelling economic…
Press Release: National’s Plans for Compulsory KiwiSaver
The National Party’s KiwiSaver announcement is one of the most significant shifts in New Zealand politics and economic policy in a generation. “We are delighted that the Prime Minister has agreed to implement compulsory KiwiSaver if re-elected in this year’s election.” “For the past few years, we have been advocating for compulsory savings through our…
“A super idea: mandatory saving for retirement” – Hong & MacCulloch
Former Australian PM Paul Keating, right, pictured here in 2016 with his predecessor Bob Hawke, brought in mandatory retirement saving in Australia. New Zealand’s rapidly ageing population is putting increasing pressure on the Government’s budget, with threats of large cuts in welfare, or tax hikes, or both. Mandatory savings, as have been successfully modelled by…
“Why are Politicians Resisting Mandatory Savings as Pay-As-You-Go Welfare Falters? An NZ Case Study” – Leonard Hong & Prof. Robert MacCulloch
Abstract Why are nations failing to resolve the fiscal crisis caused by population ageing? Many economies are struggling with rising costs to the government budget of pension and healthcare due to population ageing. A potential solution is greater emphasis on mandatory private savings so future generations are not so dependent on a dwindling proportion of…
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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 