UniSuper member Dr Christopher Standen has, through the Environmental Defenders Office (EDO), lodged a complaint with the Australian Securities and Investments Commission (ASIC).
Two of the funds that UniSuper markets as “sustainable” have significant investments in the Transurban Group, one of the world’s largest toll road operators.
“Transurban Group’s business model relies on increasing road traffic, which increases climate and other pollution,” Dr Standen said.
Does it really make sense to have a fixed age, above which everyone gets a UBI? That creates massive inequalities in how much of their potential UBI payments different people actually get to spend.
People with white collar jobs tend to live longer than people who physical work. Pākeha tend to live longer than Māori. Women tend to live longer than men. The more we push the retirement age up, the more stark these inequalities become.
It's true that all else remaining the same, NZ can't afford to keep paying everyone over 64 a UBI. So maybe we need to give everyone a UBI, and increase taxes on the accumulation of wealth to pay for it?
It’s expected that about $100 trillion in assets world-wide will be transferred from #BabyBoomers to their children over the next two decades. A 2021 Productivity Commission report estimated that around $3.5 trillion in assets will be transferred in Australia alone by 2050.
The inherited assets will mostly come in the form of #superannuation and residential #property. #taxtherich