Labour's KiwiSaver will increase inequality and benefit the wealthy, according to the research and analysis of Professor John Gibson of the Management School at Waikato University. According to a report in the Herald, Gibson says that whereas NZ Super helped to ‘equalise lifetime incomes’ KiwiSaver will do the opposite. Apparently 45% of the working-age population earn below $30,000, but that group will only get 15% of KiwiSaver tax incentives. In contrast, the 11% of the the working-age population earning $70,000+ will receive 18% of the tax incentives. Interestingly, although the pro-National Kiwiblog supports KiwiSaver, it also agrees with this analysis and points out that essentially ‘Cullen has given CEOs who earn $1 million a year a $17,640 tax reduction’. See also John Minto’s earlier Press column entitled KiwiSaver opens way to privatisation of national super, which makes a similar argument. Minto says that because ‘Higher levels of savings attract higher government subsidies and higher returns for retirement… the benefits through KiwiSaver will be accrued to higher-income earners’. See also, this Press report on the maddening bureaucracy and poor customer service related to KiwiSaver: Woman's KiwiSaver experience 'a complete nightmare'