The governments both federal an provenical make me laugh at what try to do about the CPP for lower income seniors. Yes we pay a % an the employers pay a % but why dosen't the government pay anything into to it aswell. After all they are very generous with our money when it comes time to give themselves a raise every year of a lot more than just the cost of living. They should also be making some contribution from all our taxes that we pay. Oh well the screw us every way they can...
New Canada CPP a Joke
- Thread starter gudnite
- Start date
CPP is a ponzi scheme. Just like our monetary system. As well as the pension system and insurance and bonds etc..... People will one day wake up and realize this but by then they'll be completely impoverished. Why we can create a bond and have to pay usury on top of it's issuance but can't create our own currency interest free is beyond me.
You average Canadian is an economic and monetary retard.
You average Canadian is an economic and monetary retard.
You'd think that would be obvious, wouldn't you. As it turns out, common sense isn't all that common...
huckfinn
My book has been banned from schools.
huckfinn
My book has been banned from schools.
Massive, uncontrolled inflation is one reason......currency with no value to buy foreign goods another....
Don't you realize the govt paying is the same as you paying? OAS is 100% govt funded i.e by our money. So please to some research before you start yapping.
Well thank GOD most people are economic and monetary retards, if they were not the economy would collapse..:Eek:
Haha, that was my thought as well.
It reminds me of the relief funds set up after global disasters. The government always offers to match people's contributions as if they're doing something noble. In reality, they're donating on the taxpayer's behalf, including the people who offered those individual donations in the first place!
I don't think the enhanced CPP is a joke. It's what had to happen; what should have happened a long time ago. As others have said, CPP is a legal ponzi scheme that will eventually collapse. Increasing CPP contributions makes it so the ponzi scheme will survive a little bit longer. Actually, most of the Western economic systems are built on ponzi schemes that rely on an exponentially increasing population, something that will eventually end unless we expand beyond Earth.
That's not exactly looking like it's in the cards at the moment.
http://www.cbc.ca/news/business/taxes/is-old-age-security-truly-unsustainable-1.1145910
The key ratio is worker to retiree and that ratio is shrinking. The private sector recognized this years ago. The public sector will need to recognize this reality as well. Public sector workers are now the nobility and the private sector are the serfs.
The key ratio is worker to retiree and that ratio is shrinking. The private sector recognized this years ago. The public sector will need to recognize this reality as well. Public sector workers are now the nobility and the private sector are the serfs.
http://www.huffingtonpost.ca/2016/03/18/justin-trudeau-old-age-security_n_9488292.html
Reducing the retirement age from 67 to 65 should help. (Sarcasm)
Reducing the retirement age from 67 to 65 should help. (Sarcasm)
And you know this how
Actually I'm doing very well, thank you.
Spend the month of Feb in a villa in the ABC islands,...Travel to Europe every other fall, spending $15,000 to $20,000 per year just on vacations.
Have a one year old, what Transport Canada calls a luxury vehicle.
Enjoy my $65,000 back yard with pool.
But unfortunately, I had to do this mostly on my own, no civil servant pension plan etc.
My wealth manger says I will never run out of money at my current life style.
So no, I did NOT cry that I was in dept to my eye balls when I CHOSE to retire.
How is your retirement plans working out so far ?
Happy now,...
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