May 06, 2016

Will the CPP be there for you? Fraser Institute report confirms: We’re getting screwed

Brian LilleyArchive

Is the Canada Pension Plan a good deal, especially for younger workers? Jason Clements, Executive Vice President of the Fraser Institute says “no”. 

I sit down with Jason as he explains why everyone, especially those born after 1971, will see declining returns from the plan.

Listen as Jason clears up some misconceptions about how the plan works further explaining why our current Liberal government’s deficit spending ways are only going to make things worse.

As you learn the alarming truth about the plan, I’m sure you too will be asking, wouldn’t all that money they’re taking from us be better off in our own hands?

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commented 2016-05-09 01:36:20 -0400
It may have had a chance with HArper in power, but now it is doomed.
commented 2016-05-08 17:10:23 -0400
CPP was always a pyramid scheme. It needed ever increasing numbers of taxpayers to keep the current retiring taxpayers’ pensions paying out. Look at Quebec where they now want 50,000 – 60,000 immigrants per year to keep their pensions afloat. What happened to their ‘sovereignty’ idealism? Their distinct culture? It’s about to take a pounding from immigration.

The same thing is happening to Canada in general as these pension schemes fail. The end result will be a nation no longer our own, rather, it will become ever blurred; as a shadowy concept disappearing into a fog of immigration and political correctness.
commented 2016-05-07 11:38:14 -0400
The CPP was one of the best programs Government ever came up with – the problem was mismanagement of the fund and treating it more like a slush fund than a financial trust. Properly managed and administered the CPP COULD have been the life line a lot of lower middle class workers needed in their retirement of disability, a lot of private plans these people were in at work are now insufficient due to inflation or vanished with company insolvency – there’s the rub.

Their fall-back plan, CPP, was under funded and not treated as a stand-alone fund put to work in the markets to return interest that kept pace with inflation – also it was paid out to claimants who didn’t need it or who were conning the system with phony disability claims. It runs like a Ponzi scheme – which means the last to claim will end up with nothing.

Under renewed accountable management it could be saved – however if the Liberals are going to continue cynically using the fund to their ends, it will fail and THAT is a breech of public trust which can cause governments to fall.
commented 2016-05-07 07:18:24 -0400
Canadians are poorly served by our public institutions. Largely because they are monopolies, but also because they are compromised in ways that are not obvious. I don’t want to find out just how much truth there is in what Andrew is warning us about. Thus I refuse vaccinations, and do my best to prevent things like the nightmare of cancer “treatment”. Fortunately, the internet has come around just in time for me, as it is the great equalizer versus all the “experts”, who don’t much care about my well-being.
commented 2016-05-07 01:59:32 -0400
Keith Barnes commented 2 hours ago
If you are a Senior Citizen, never go to hospital. If you do, the only way you will come out is feet first.

That’s right – socialized medicine is where you “line up and die”.
commented 2016-05-07 01:58:55 -0400
Pensions are finished – check out this from the US:

…and the UK

…and the US private sector

….oh wait, found another about California (Calppers)

It’s not about cut backs, it’s about all pensions becoming insolvent starting by 2025 and likely to end in the 2030s.

No matter how much extra you charge for hydro Wynne, you will fail saving Ontario public sector pensions.

Wynne is financially raping Ontarians to cover up current short falls in Ontario pensions by surcharging electricity to the home and gas at the pumps – WYNNE IS FINANCIALLY RAPING ALL ONTARIANS TO PAY FOR PUBLIC SECTOR PENSION SHORTFALLS.
commented 2016-05-07 00:01:16 -0400
If you are a Senior Citizen, never go to hospital. If you do, the only way you will come out is feet first.

Trudeau needs your pension to feed his Muslim brothers.

Check out the death rate of seniors admitted to hospital for minor ailments.

The Woman in the next apartment to mine, had a Walker, she tripped and put out her hand to the wall to stop herself falling and broke her thumb. She was taken to hospital and was dead the next day. They had given her the killer drip in her wrist.

Trudeau considers Seniors a burden on society.
commented 2016-05-06 23:26:59 -0400
Pre and post bending at its finest

It will heighten your concentration
commented 2016-05-06 23:23:52 -0400
Getting thru the baby boomers, you know what that means -yikes!,
Maybe the c p p boys and the hospitals might team up down the road to hasten the outcome, and with all the so called wealth willed out to their vacouse air head off springs and the ensuing trickling down to the libranoes
-who knows they could finance another 4terms in office
commented 2016-05-06 21:56:18 -0400
I don’t know about the CPP , but the American Social Security Fund had to be designed by a Mafiosi . Only a gangster could come up with a racket like government pensions. Capone Pension Plan , sounds good to me.