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flag NZ economists propose diverting income tax into savings for healthcare and pensions to avert economic crisis.

flag Former New Zealand Finance Minister Sir Roger Douglas and economics professor Robert MacCulloch have proposed redirecting income tax on earnings up to $60,000 into individual savings accounts to fund healthcare, pensions, and risk cover, aiming to reduce government costs and improve outcomes. flag The plan seeks to avoid an economic crisis. flag In Australia, Treasurer Jim Chalmers faces pressure over tax and spending after a treasury document was revealed, raising concerns about fiscal policies.

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