Worker Levy, The Population Problem (stats)

[bogan]

As you probably know, statistics have been used to debunk many myths already, lets do the same for the worker levy.

Firstly, the future funding scheme is unnecessary in a balanced situation, however the population distribution is set to change, double the percentage of retirees are forecast by 2061. Lets calculate they levy increase required now, to ensure any retiree claims in future can be paid for without huge increases in future levies.

Obviously this is not an easy task but an easily justifiable ballpark figure should help sway many peoples opinion.

My rough calculations show an 11% increase would suffice, however this doesn't take into account changing accident rates per population with an elderly demographic, claim amounts for same, investment rates on the levies, inflation, population trends after 2061, relative rather than accurate figures have been used for worker numbers and claims payout.... and probably a many more things!

What say you, good idea? or too much work?

currently I need figures for:
Average 65+ year old ACC cost, same for 0-15,15-40,40-65
Proportion of income earners for same groups
Average income for same groups

All for now, will add more things as we need them if theres much interest here

[NighthawkNZ]

As you probably know, statistics have been used to debunk many myths already, lets do the same for the worker levy.

Firstly, the future funding scheme is unnecessary in a balanced situation, however the population distribution is set to change, double the percentage of retirees are forecast by 2061. Lets calculate they levy increase required now, to ensure any retiree claims in future can be paid for without huge increases in future levies.

Obviously this is not an easy task but an easily justifiable ballpark figure should help sway many peoples opinion.

My rough calculations show an 11% increase would suffice, however this doesn't take into account changing accident rates per population with an elderly demographic, claim amounts for same, investment rates on the levies, inflation, population trends after 2061, relative rather than accurate figures have been used for worker numbers and claims payout.... and probably a many more things!

What say you, good idea? or too much work?

currently I need figures for:
Average 65+ year old ACC cost, same for 0-15,15-40,40-65
Proportion of income earners for same groups
Average income for same groups

All for now, will add more things as we need them if theres much interest here

at present about 30-40% of the population is paying ACC for the full 100% of the population... so there has to be better way of collection of the levy.

And the best way is drop all levies at prestent, fuel, paye, rego and employer. Recombine all the accounts to one super account. The savings the average NZer would make here would be on average up to and around $1000 a year.

The price of transporting can be lowered which can drop the price of goods etc and the onflow effect of more savings to the average kiwi.

Now put the levy on GST so your ACC is paid every time you buy something. This way every one makes a contribution and covers all aspets of life. Tourits, sports, bikers, kids...elderly still make a contribution, cycling etc...

ACC would be fully funded in 1 or 2 years... the excess can be put back into health sector and definantly the accident prevention... and it would make it a lot harder to privatise...