No. of Recommendations: 0
AnormaLee, instead of the government having $467 billion of debt, or what ever it is, I'd prefer $347 billion of debt.
The downside of reducing debt and being a strong government is that there is always some moron elected who constantly comes up with steal from the next generation plans.
If anyone looked at the link about the Canada Pension Plan, there was a circle pie graph that showed 18% of senior's income comes from CPP. Another 23% comes Old Age Security and Guaranteed Income Supplement, which aren't funded at all and you get to make $111k before those amounts are completely clawed back... insane when you consider we have so many youth that are under employee, getting only mininimum wage for the work they do get and they have to contribute 9.9%.
There is a plan to ensure that what you have to pay to the CPP goes up, but nothing to ensure that the lower end of wages goes up and they haven't gone up for about 10 years now, and in BC they actually lowered wages in that an employer can pay you 25% less for the first 500 hours of work. I am so sick of the countless ways we transfer wealth from youth to age.
And what really irks me is that where I am in the demographic under attack for constant cuts. Things that existed for youth, who are now those qualifying to retire at age 60, are things like being able to save up to $10k and claim it on your income tax towards a home. That was when a one bedroom condo could still be had for under $30k. They had a marriage exemption for the first year you got married which enabled you to claim your spouse as well as your spouse being able to claim themselves. University tuition could be paid for with about 5 hours of work per credit hour at minimum wage whereas now it is about 20 hours of work per credit hour. They had a tax averaging over 5 years which gave youth a strong preference in that when they started to work they had 4 zero earnings previous years.
There was tons of support to help youth get a start and now it is like, take a sledge hammer and slaughter them. I saw these things disappearing ahead of me, or got some benefit from them, like I was old enough to manage to get $2k of deductions from the home ownership savings plan, but only because I was with it enough at age 18 to start making contributions. But, I'd have to say the cuts have consistently disproportionately attacked youth and the excesses and increases have been in favour of age. Allowing seniors to start collecting at age 60 is just one example that would probably pay for everything they took away from youth.
That 23% we pay to seniors that has never been paid for by seniors is huge and ought to be under identical requirements as a welfare program.
