As expected, Phil O’Reilly reacted to recent survey results showing a decrease in business compliance costs by saying that the recently introduced Kiwisaver will reverse that trend.
I’ve got two things to say here;
- Kiwisaver is, on a macroeconomic basis, good strategic move for New Zealand. Our saving rate is abysmal, our ranking on the OECD is frankly crap, nothing is happening in terms of investment in local business so for all of the reasons Kiwisaver is a good start
- Why the hell do these political/business lobby groups always have to have a glass half empty viewpoint? Why can Phil not simply say “business compliance costs are down and that is a positive thing for local businesses”. I can never understand petty lobbying
Anyway – that’s my rant for the morning!