Grey Power June 2016

Sudoku Puzzle 6 Solution
4 6 1 2 3 5 7 8 9
3 5 8 7 9 1 6 4 2
2 9 7 6 8 4 1 5 3
6 2 4 1 5 9 3 7 8
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Word to the Wise: Loquacious
© © Pam ©
Pam
Pam © Hutton
Pam Hutton Hutton
2016 2016
2015
| | 2015
www.puzzlebeetle.co.nz
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| www.puzzlebeetle.co.nz
| national Greypower mAGAZINE » june 2016 27
National Superannuation... affordable and sustainable
Our publicly funded National Superannuation Scheme
is one of New Zealand’s great achievements.
tion. We can change course
and regain rich-nation status.
Technically, National
Superannuation
From john H. Gascoigne
all individuals 65 and over nothing because it is simply
a transfer payment or a
based on a minimum of
65 percent of the average reapportionment of a percentage
15) of GDP 15) or national
It has eliminated poverty
among the elder-
growing number of su-
Grey Power CodeWord No. (June 16)
by PMH
nuation is that the rapidly Grey Power
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No. 2 (December
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Each Grey number Power
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a letter of 16)
income and a very small
Three letters have
the alphabet. Three letters have by
by
PMH
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ly by providing retirement
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the
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for all New Zealanders. unaffordable within the coded message.
grid
from
from coded there.
there. message. When you opinion.
have completed the grid, you will be Superannuation
able to solve the “costs”
When you have completed the grid, you will be able to solve the
1 2 3 4 5 6 7 8 9 10 11 4
The scheme is low cost, next two to three decades. coded message.
coded message.
LETTER VALUES
1 2 3 14Accordingly, 25 36 4 57 the 68 9public’s
10 7 11 8 94
10around 11 4 $11 billion a year or
LETTER VALUES LETTER VALUES
121 2 83 4 35 6 47
89 9 2 5 10 13
oku efficient Puzzles and sustainable.
It is an enduring cost of retaining National
A
3 Estimates vary, but the
LETTER VALUES
121 2 view 83 124 - 35 and
86 47
the
3
Retirement
8 9 49 2 59 10
10 13 2just LETTER
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13 VALUES
LETTER VALUES
Apercent of our mea-
16 117 2$230 16 3 4 billion 5 6 7 national
8 9 10
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214 11 915 57 15 16 12 15 7 6 10 18 11 15 17
O
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F
1411 2 94 15 16 12 2 14 13 10 2 8 13 8 17 416
1 2 3 4 5 6 A 7 8 9 10
blesudoku99.com
1411 Commissioner’s
11 2 94 14 15 216 12
12 92 15 14 13
13 16 10 2 -
14is 8 13 8 that
10 17 48 13ger
tribute to its architect, Superannuation falls somewhere
between $20-$30 12 choices 1 13 over 12 the future 11 of 15 net cost falls
11 12 13 14 15 16 17 18 19 20
2
14 11
14 11 9
15 we
15 2
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7 left 9 15
16 with
16 5
12 three
12 15
7 15
6 10 stark
10 18
11
11 15
15 income. But after tax
15 18 17
M the
17
R
11 12 13 14 15
11 12 13 14 15 16 17 18 19 20
912 7 71 19 13 5 18 12 5 18 20 11 5 19 154
16 17 18 19 20
Sir Robert Muldoon.
12 9 713 7 12 19 5 18 11 18 15 20 5 19 4
Lto a miniscule
9 7 7 19 5 18 5 18 20 5 19 4
177 1 2 15 817 17 1 10 4 15 19 13 4
Despite the outstanding billion a year at the peak 7 1 National 2 15 17 12Superannuation.
17 10 4 15 13 4 3.7 percent of GDP. Small
17 1715 17 8 12 17 1 8 10 1 15 19 13 19
4 1 19
18
3 12
12
4 5 4 3 12
8
4
success of our world-leading
Sudoku National Puzzle 2 Superannua-
of the demographic bulge 18 Firstly, 12 we can 4 raise the 8 change.
4 1 19 18 43 112 194 3 12 5 4 53 12 4 4
16 4 4 18 12 3 12 5 19 2 7
3 12 4
3 19 2 8
Solution around 2050.
16 4 retirement 4 18 12 age. 3 12 5 19 2 7 The demographic argument
that by 2050 there
16 3 18 312 19 12 2 19 19 2 8
12 1 15 5
8
tion 1 Scheme 7 2 8 there 6 5 are 9 calls 4 3 One economic commentator
recently opined that
6
12
5 18 9Secondly, 10
1
19 3
we
10
15
12
can reduce
20
5
12 5
612 5 18 69 510 18 19 93 10 19 15 12 3 10 20 12 5
2 19 4 18 20 14 4 6 12 12 7 20 12 5
for
5
it
9
to
4
be
7
dismantled
1 3 8
and
6 2
192 19 1the 4 18entitlements 20 3 14 6 4 4 and 6 thirdly,
12 13 12 717
will be only three workers
19 19 18 20 14 12 12 15
1
10 19 3 1 13
6 3 5
4 6 20
13 4 9
17 13 17
replaced by compulsory or it is highly unlikely that
3in
15 8 310 19increase 18 13 3
taxes
14 14 5 or
15
implement
15 54 15 a combination 2 19 17 18 5 2 13 16 17 18 13
20 17 5 96
15 13 20 to support each superannuitant
- the ratio of retirees to
8 3 6 9 4 2 5 7 1
34 810 310 319 15 818 4 32 17 3 18 14 18 14 15 32 13 14 17 14 35 12 15 6 17 5 6
privatised superannuation. the long run New Zealand
174 10 19 10 10 10
of 3 all 125
12
176 192 17
517 19
19 12 5 15 5
19
16 7 5 175
16 5
7 The 2 8 chief 3 9 reservation 1 4 5 6 could afford a superannuation
scheme payable to 7 2 15 15 But 3 12 12 there 7 is 1 a 20fourth 6 9 op-
12 7
116 5 14 three. 2 14 17 8 5 12 3 15 19 18 79 15 17 19
17 12 15 17 the working age population
117 52 14 15 11
143 5
812 14
5
147 8
31 20 19
5
18 6 3
9 12 19
15 718 19
9 15 19
about 4 1 National 9 5 7 6 Superan-
3 2 8
12 - is a complete nonsense.
6 5 3 2 8 4 7 1 9
CODED MESSAGE
CODED MESSAGE
CODED 9 17 MESSAGE CODED 10 8 MESSAGE
9 15 6 17 13 17 5
3 8 1 4 2 7 6 9 5
CODED 97 17 12 MESSAGE
13 10 16 12 8 9 15 6 69 12 17 17 13 17 2 205
7 12 13 916 1712 106 89 12 9 15 17 6 2 20 17 13 17 5
12 13 16 12 12 17 20
9 6 7 1 5 8 2 3 4
6) by PMH
2 4 5 6 3 9 1 8 7
From page 22
Solution: Grey Power Crossword Solution
No. 4
Solution
Word to the Wise: Rejoinder Solution Solution
Solution
Sudoku Puzzle 4 Solution
P H A S E D F L O C K S
PC HA AV SO ER DT S F WL OH CA RK FS
R S O S TYC A P H A S E D F L O C K S
7 3 6 9 2 5 1 4 8
U ALV O AR T S OW H HA R FI
LETTER VALUES
Y LO A E S I O A WH O
I
LETTER VALUES
E C H I D N A Q U ATU Y L A S H I LETTER VALUES LETTER VALUES
BS H
UH
O U GE H TI CA L WI N OG
LETTER VALUES
T H OL UB GS H TZ E CS LT FI UN GL
9 8 4 1 7 6 5 3 2
1 2 3 4 5 6 7 8 9 10
E C T I
H O
E U G H T
U C L I N G
mplete the crossword. Then rearrange
P E D P U CH B U L B ES UZ E US T MF U LN
H O E U U M N
1 2 3 4 5 6 7 8 9 10
10
letters in the shaded H O E U U M N
2 5 squares 1 3 to 8 spell 4 6 7 9 R I L E S O V E R TO E SL F
CY
FC RI A L D E ME D E M B U
F O E R L
L I O
S
11 C
12 A
13 V O
14 15 R
16 T
17 S W
18 19 H
20
F
O F F R M E M B E R S
t the Word to the Wise indicated below
I V S A IN S C A L OL D F
E FP D R
F E
O MR
L E
I M
O
11 B E R S 11 12
12 13
13 14
14 15
15 16
16 17
17 18
18 19 20
19 20
N E O W
N L P R
grid. 3 6 2 8 5 1 4 9 7
U E I B L Z D N G Y
S L E I G H T L O CS ZU P
OM
RN O A NY E
N S
E V
E LS O R
S PG A
A
Y W
S R
SZ PO R A Y S S S A Y 5 1 7 2 4 9 8 6 3 A R R E E U
AO N E S CP RR V E A YH R G A S
L S R E L S A Y S CODED
CODED
MESSAGE
MESSAGE
A R H L
DE CODED MESSAGE
A EG MO ON C
Y R AAB CO YL R
CODED
O T BE EY HS
E
L 7
9
12
17 MESSAGE
13 16 CODED 10
12
8 MESSAGE
9
6
15
9
6
12
L Y C R A O L D S A L T
8 4 9 7 6 3 2 5 1
D E M O C R A C Y B Y E
O9 D E M O C R A C Y 12 17 N
13 16 10 C
12 L8 O9 15 U D6
12
RA G
Y D P B L PO N
T F AY DB O
I SO T E
R YI E S
7 12 13 16 12 6 9 12
HN
B Y E SO N C L O U D
R P A D S I N
E I Z E T H E
A
L
1 7 5 6 3 2 9 8 4 P E C K I S H C U R O L
S F A
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RL R
MO AP A
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I N 17 17 213 2017 5
A L A R M A T T U N E D
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F L
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17
U N E D 17 17 N 213 I 20
20
17 N E5
6 9 8 4 1 7 3 2 5
NT RA ED RE EL GS DE
N I N E17 13 17 5
KS EA T L TV L D A Y
N E E
R S AC R
EY MT O
RH EU E S K E I N S C R U P L E
SR
G E
N I N E
KS EA TL TV LE E S AC RY MT OH EU SR
4 2 3 5 9 8 7 1 6
H S T B T D K E T T L E A R M O U R
1 2 3 4 5 6 7 8 9 10
1 2 3 41 52 63 74 85 96 107 8 9 10
11 12 13 14 15 16 17 18 19 20
11 12 13 14 11 15 12 16 13 17 14 18 15 19 16 20 17 18 19 20
© Pam Hutton 2015 | www.puzzlebeetle.co.nz
costs
by PMH
by PMH
1 2 3 4 5 6 7 8 9 10
P1 H2 A3 S4 E5 D6 F7 L8 O9 10 C
1 2 3 4 5 6 7 8 9 10
11
P
12
H
13
A
14
S
P
15
E
H
16
D
A
17
F
S
18
L O
E
19
D
20
C
F L O C
11 K 12 Y 13 I 14 T 15 U G16 17 N M18 19 R 20 B 2050.
K Y I T11 U12 G13 N14 M15 R16 B17 18 19 20
K Y I T U G N M R B
9 17 10 8 9 15 6
O N C L O U D
© © Pam Pam Hutton 2016 2015
© © Pam Pam Hutton 2016 2015
Pam Hutton 2016
© Pam Hutton 2015
Government revenue
derives from two sources.
These include the multiplicity
of taxes and charges
of all description such as
income tax, company tax,
GST, withholding tax, petrol
tax and so on.
by PMH The second source is
public investments. The
problem here, of course,
is that successive governments
since 1984 have
sought to divest incomeearning
assets in pursuit of
the neoliberal ideal of small
Mgovernment.
R
Superannuitants, along
with everyone else, are also
taxpayers. For example,
they get thumped with Resident
Withholding Tax and
pay GST as well as tax on
their superannuation.
A nation’s living standards
are determined by
its national income and the
number of people sharing
that national income. Our
Government predicts a 2.7
percent economic growth
rate over the next five years.
But if that growth rate
was sustained our $230
billion GDP would double
to around $460 billion by
The critical variable is
population growth. For example,
with no immigration
and a stable population
of five million - allowing
for natural increase - the
predicted $25 billion cost
of National Superannuation,
at 5 percent of GDP,
would remain practically
unchanged as a percentage
of national income with the
net cost around 4.3 percent
of GDP.
The larger the gap between
our GDP in 2050
and our population the
greater the affordability of
National Superannuation
and the higher New Zealand’s
living standards.
The New Zealand Treasury
has carried out extensive
research in this context.
Their researchers have
reached a broadly similar
conclusion. Treasury’s
somewhat conservative
projection based on the assumption
that the current
parameters of National
Superannuation remain
unchanged is that the gross
cost will rise from 4.3 to 7.9
percent of GDP by 2060,
then decline. Treasury’s
analysis, however, takes no
account of enhanced economic
performance.
Accordingly, the claim
that it is highly unlikely
that we will be able to afford
National Superannuation
in the future does not
stack up.
As the proponents of
privatized superannuation
keep telling us, face the
facts and do the maths. Indeed.
Words to live by.
(6)
Sudoku Puzzle 8 Solution
4 1 5 2 9 7 6 8 3
2 6 3 4 8 1 5 7 9
7 9 8 5 6 3 2 4 1
5 3 1 7 4 6 9 2 8
8 7 2 3 5 9 4 1 6
6 4 9 1 2 8 3 5 7
9 2 7 8 3 4 1 6 5
1 5 6 9 7 2 8 3 4
3 8 4 6 1 5 7 9 2
© Pam Hutton 2016 © Pam Hutton 2016