FINDING WHOSE MONEY ?
Speaking on a motion favourable to an increase in old-age and blind pensions, Mr. E. J. Howard said he considered that the Government could find, the money if it wished. The annual report of the Public Trust Office had stated that the Public Trustee held 68,000 wills, involving £273,000,000, and there were very few who v,ould not help their unfortunate fellow-citizens. The argument is not a reasonable one. The idea is implied that when the Government wants to "find" money for bigger pensions it should "find" the money of those who have by thrift and care accumulated means to provide for their old age and after their death for their dependants. The Public Trustee handles some big estates; but he is more especially entrusted with estates which have been acquired by small savings. Already such estates are subject during the lifetime of the owner to taxation on the income and at death to substantial estate and death duties. It is quite wrong and against public policy that they should be regarded as inviting a raid for the benefit of pensioners. Those persons who have practised economy to provide their own pensions should not be threatened with the possibility of having to contribute pensions for others.
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https://paperspast.natlib.govt.nz/newspapers/EP19300929.2.53
Bibliographic details
Evening Post, Volume CX, Issue 78, 29 September 1930, Page 8
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208FINDING WHOSE MONEY ? Evening Post, Volume CX, Issue 78, 29 September 1930, Page 8
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