Episode Transcript
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Speaker 1 (00:07):
You're listening to the Saturday Morning with Jack Teams podcast
from News Talks at be AH.
Speaker 2 (00:13):
Thank you very much for your messages this morning. Peter says,
Jack means testing Super. Your lefty eat the rich attitude
is showing again. Peter, I'm not a lefty eat the richer.
But let me ask you this. If you think that
means testing super is eating the rich, what do you
think of means testing key we saber? Isn't that the
same thing if you're earning more than one hundred and
eighty grand a year and you're no longer getting the
(00:34):
government contribution that everyone else is getting, isn't that also
eating the rich? Peter, Jack, Good morning, A good editorial,
says another Peter. We do really need to have a
conversation about raising the age of superannuation as well. I
guess that's not going to happen so long as Winston
Peters is anywhere near power. I mean it is. I'm
not saying that we definitely have to means test super.
(00:55):
I'm not saying that we definitely have to raise the
age of super. I don't know and am open to
suggestions as to what the best solution is going to be.
But I think the longer we defer what are pretty
difficult conversations and pretty difficult policy decisions, the worse it's
going to be. The more the problem is going to snowball.
If you want to send this message, ninety two ninety
two is the text number. Don't forget the standard text
(01:18):
cost supply. If you're doing that, you can email me
as well. Jack at newstalok zb dot co dot NZ.
Kevin Milne is with us this morning, Kildo, Kevin Kyloder.
Speaker 3 (01:26):
Jack. You know my thoughts about means testing SUPER. I'd
been raving about it for years. It needs to take place,
And I don't think you're talking about you know when
you will get Super. You should never get Super, You'll
never need it. Yeah, neither do why and I get it,
but I don't think I think it ought to be
(01:47):
means tested. Absolutely.
Speaker 2 (01:48):
Yeah, So it's interesting. So I think here we Save.
It was came into effect in two thousand and seven,
which is about when I started. I think I started
working full time in about two thousand and seven, so
I'm kind of the perfect guinea pig for a key
we saver, and I think I contribute five percent, So
I contribute slightly more than the minimum, but it is
(02:09):
you know, it's going to be interesting over the next
couple of decades to compare my super superannuation savings with
the generation before me, but also like a generation or
two afterwards, because you know, you think that young people today, like,
if there's one message I could get them, it would
be it would be to save more than three or
four percent, save more than the beare minimum. Because I
(02:29):
don't think anyone under you know, under forty today has
any great expectation that superannuation is going to exist in
the same form that it has existed for many years
by the time we get to retirement age. So yeah, yeah, anyway, Hey,
given you want to celebrate the ambition of a christ
Church entrepreneur this morning.
Speaker 3 (02:48):
Yeah, Well, there's a saying, jack, isn't it that if
you know precisely what job you'd like to have, you
will one day get it. This isn't just to say
I want to be a lawyer or some other broad category.
You need to be able to say one day I
want to be the man who drives the peg time
bus from Karori into the city, or perhaps more difficult,
(03:10):
I want to be the senior District Court judge in
christ Church. I love the fact that the first news
ylinder into space is likely to be christ Church aerospace
entrepreneur Mark Rocket. Mark went further than just knowing what
he wanted to do. He changed his name to it.
(03:30):
It would be like me as a teenager changing my
name to Kevin Radio or Kevin Carpett, or you Jack
to Jack Media. Think I think Jack Media sounds.
Speaker 2 (03:41):
Quite Yeah, yeah, it's an option.
Speaker 3 (03:44):
Yeah. Anyway, Now, Mark Rocket's a book to become the
first news islander to go into space on board a
Blue Origin subordital flight out of Texas. He's not sure
when yet, but good on him. He's fascinated by space
travel and hopefully he'll soon be doing some There's nothing
new to naming yourself, of course, after what you do.
(04:06):
Many of, if not most, of our surnames say something
about our fore bear's job. If you're milm like I am,
someone at the start of that lineage was a miller,
probably a Cabot miller. All the smiths were once blacksmiths
or silversmiths or some other kind of snuody. Jack a
little more, a bit more difficult in your case, you'll
(04:30):
know the outclaim you come from a lineage of famous lion.
Quite a few politicians would go along with that. I think,
what do you what are your thoughts?
Speaker 2 (04:40):
Yeah?
Speaker 3 (04:41):
I mean where does where does Tame come from? Do
you know?
Speaker 2 (04:44):
So my understanding is that it's because my dad's from Birmingham.
I think it's from Thames, from the from the river Thames.
Be come Tame as a result of Thames. But it's
one of these things like I it's an unusual name.
And in New Zealand, you know, my whole life, people
have said, oh, Jack Tummy and I've said, oh, you know,
(05:05):
that doesn't upset me at all. I like a bit
of Jack Tummy. But actually my dad's from Birmingham. So no.
But you know, if it were Jack Wilde, my gosh,
I just feel like I'd have I would have had
a completely different life, you know.
Speaker 3 (05:18):
Yes, and there is Jack wild isn't I'm.
Speaker 2 (05:21):
Sure there are somewhere. Well, yeah, there was, unfortunately for me.
I don't know if you've ever seen the An Command movies, Kevin, Yes,
so that they're about the sort of silly comedies about
about a guy who's a TV news and command and
in Ang Command two there is a central character, sort
of the the main protagonist arts rival, who's a news
(05:45):
reporter whose name is Jack Lame. And I had a
particularly rough time after that film was produced for because
every smart ass in the world decided that they would
call me Jack Lame for however long. So, yeah, you're
so right about Mark Rockett. Do you know when I
when I saw that this week that he'd been that,
(06:06):
you know that he was going to be going to
space soon. I saw his photograph before I saw any things.
I saw the headline that said, you know, Christich entrepreneur
be going to space. And I looked at him and
I was like, that's Mark Rockett, And I realized it
must be what fifteen years since he first did whatever
it was, the expression of interest and putting a bit
of money forward to get a ticket on one of
(06:27):
these space flights. So to see him kind of follow
it through to this point, I mean, it is it
is super exciting for him, It really is.
Speaker 3 (06:33):
Yeah, yeah, yeah, it's yeah. I think changes. I presume
it was probably not much past a teenager. Yeah, when
he changed his name, But what commitment to a particular job.
We could we could perhaps change our names a bit
late for me. I think to change my name to
(06:54):
suit any current ambition.
Speaker 2 (06:56):
Kevin, Yes, there you go.
Speaker 3 (06:59):
I had to ring to it, but Leo the forty
has beaten me to it. Interestingly, his name surname is Prevos,
which means an official in a position of responsibility. Ah,
you name it, you get it, Jack, I.
Speaker 2 (07:13):
Didn't know that. Oh that's very good. Near A nice
little fact there, Kevin. Hey, thank you very much, sir.
We will catch you again very soon. Kevin Milne with
us this morning, and thank you very much for your
text this morning. Jack means testing super a great way
to create a new industry. Hiding your assets so you'll
still qualify it, says Peter. Yeah, I mean that that's true.
It's definitely easier to means test for key Wesaver contributions
(07:35):
than it would be for Super. I can agree with that.
But you know, someone said to me yesterday, why not
say if someone has more than, say a million dollars
in key we Saver, that you have a staggered approach.
So maybe you don't get if you get if you
get to you know, if you if you retire at
sixty five, you've got a million bucks and key we saver.
Then you don't get the full super allowance. You still
(07:56):
get some, but you you kind of stagger it. You
have in the same way that you do with a
marginal tax rate. Something like that. Anyway, bit of an
idea ninety two, ninety two if you want to send
us a message this morning.
Speaker 1 (08:05):
For more from Saturday Morning with Jack Tame, listen live
to News Talks at B from nine am Saturday, or
follow the podcast on iHeartRadio.