GOVT policy driving NZ into Bankruptcy
- Gerald Mullaney
- 6 days ago
- 1 min read
Current policy has driven 35% of the population on to social welfare.
Will it Bankrupt Govt and Business.
The 2026 Budget will need to be a game changer.
Gerald Mullaney
14 August 2025
It maybe that after 60% tax on incomes including all the many taxes it maybe deemed that work does not pay.
Govt need to incentivize work and producing goods and services its needs to penalize couch sitters.
Why does work not pay it does not pay because the govt different taxes leave only enough money to pay the rent and some expenses a lot of household budgets are running at a deficit meaning they cannot pay all the weekly expenses.
Therefore what happens is that people go into debt, maybe the local pawn shop for those with no credit, credit cards with interest rates at 30%
Herein lies the road to the cliff and many people are falling over the cliff down to meet the sharks.
No wonder people are flocking and abusing social welfare.
The view is that once the govt has realigned the social policy benefits will be cut by 50% and the super will be means tested.
So if your sitting on the couch every day playing video games or on the play station you better get educated and get a job as your days are numbered
Make NZ work again
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