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Podcast: Canterbury Mornings with John MacDonald
Episode: John MacDonald: This is one piece of Rogernomics that makes sense
Description: How about this for an idea? Instead of the tax people pay on the first $60,000 of their income going to the government, what if it went into a savings account to pay for healthcare and put food on the table when they retire? It’s an idea being pushed by former finance minister Sir Roger Douglas and University of Auckland economics professor Robert MacCulloch which, they say, is needed because of the ageing population. They reckon people could save as much as $21,000 a year, with some of the money going into a health accou...