The Kākā by Bernard Hickey
Choruses
Performative, gimmicky and distractionary policies
0:00
-9:02

Paid episode

The full episode is only available to paid subscribers of The Kākā by Bernard Hickey

Performative, gimmicky and distractionary policies

National wants renters to be able to use KiwiSaver funds for bonds; Labour wants to punish those encouraging ram-raiders, and ram-raiders for bragging online; New poll shows near-dead-heat
28
National’s proposal to allow young renters to use their KiwiSavers to pay bonds is a gimmick and a distraction from the core need to build hundreds of thousands of affordable homes to own and rent. Photo: Lynn Grieveson / The Kākā

TL;DR: Just as a new poll shows a near dead heat between the left and right blocs, both Labour and National are pursuing low-target strategies that avoid making big risky promises and instead focus on splashy, but ultimately tweaky policies.

Yesterday, National proposed allowing young people to use their KiwiSaver funds to pay for their rental bonds, which will reduce their ultimate retirement savings but ensure landlords can get tenants easier and faster. It’s a gimmick and a distraction from the core need to build hundreds of thousands of affordable homes to own and rent.

Meanwhile, Labour dreamt up a last-minute policy last night that is designed to make it look tougher on both gangs and ram-raiders, but would require Police and the Courts to monitor and prove online postings, along with proving conspiracy and incitement between adults and kids. It’s a gimmick and a distraction from the decades-long causes of endemic poverty, inequality and societal dislocation.

All the while, the climate appears in the very process of triggering tipping points to heat the planet to life-threatening levels, and rents and house prices are taking off again because neither party can even propose, let alone agree, the types of emergency responses necessary to address our housing and climate crises. Gimmicks don’t deal with crises. Voters understand it, which is why more than half said they wanted a wealth tax in a poll out last night.

Full paying subscribers can see more detail and analysis below the paywall fold and in the podcast above.

News elsewhere in our political economy today

Listen to this episode with a 7-day free trial

Subscribe to The Kākā by Bernard Hickey to listen to this post and get 7 days of free access to the full post archives.

The Kākā by Bernard Hickey
Choruses
The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.