A key to this successful solution is to quit running the scam where taxes are removed from paychecks to be blown on every assinine wish-list of some Congress-spendthrift. By law, the taxes are invested in real things, and not Bushbuck IOUs, for example. Oh look, I own 1000 shares of Berkshire Hathaway A, bought with my taxes, and so on.http://www.cppib.ca/A FAIR APPROACH TO FUNDING...Continuing to finance the Plan on a pay-as-you-go basis would have meant imposing a heavy financial burden on Canadians in the workforce 25 years down the road, which was deemed unacceptable by the federal and provincial governments. Therefore, in 1997, they agreed instead to change the funding approach of the Plan to a hybrid of pay-as-you-go and full funding. Under full funding, each generation pays for its own benefits.Steady-state FinancingTo reduce the burden on future generations, the federal and provincial governments introduced “steady-state” financing as part of the 1997 reform agreement. This approach requires that contribution rates be set no lower than the lowest rate expected to ensure the long-term financial stability of the Plan without recourse to further rate increases. At the time of the reforms, this was determined to be9.9 percent. Therefore, under steady-state financing, the contribution rate was scheduled to increase incrementally (from 5.6 percent in 1996) to 9.9 percent in 2003, and to remain at this level thereafter.According to the Chief Actuary of Canada, steadystate financing will generate a level of contributions that exceeds the benefits paid until 2022. Funds not immediately required to pay benefits will changes agreed to in 1997 have reduced the relative size of the Plan's unfunded liability in a manner that is fair across generations. Moving to full-funding, which would have eventually eliminated the unfunded liability would have created unfairness across the generations. http://www.hrsdc.gc.ca/en/isp/pub/cpp/report/2005/annrpt2005.pdfOther key is this:...Canada recorded a C$13.2 billion ($11.6 billion) budget surplus in the previous fiscal year, and since 1997 has used more than C$80 billion in extra money to buy back government debt....http://www.bloomberg.com/apps/news?pid=20601082&sid=aFfCfD4KBkxQ&refer=canadaVery simple. So: 1. You can't be running no tax cut scams http://www.whitehouse.gov/news/releases/2001/02/20010228.html and 2. You have to really want to solve the problem, and not just be The Great Divider. Obviously, not going to happen here any time soon. P-Box wars! How exciting! And Enlightening!
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