Canada

[overdone]

The taxes that goes to pensioners. Sometime ago a government decided to use the bulk of the pension fund to pay down debt. So instead of having an asset that earned money (interest) the pension payout now come directly from your taxes every year. Talk about short sightlessness... Despite warning not to touch the pension fund, they did anyway, because they are the government. So the lesson is you can't trust any politician, despite how honest he says he is. People minds act funny when it comes to money..




PS: Income tax did not come into law, untill 1972. In WW2 it was passed as a war measure act to help pay for the war. Some farmer was taken to court over failing to pay his taxes, he bought out his notice from WW2. So Parliment passed the income tax act in 1972.....

income taxes in Canada were introduced in 1917

and taxes that go to OLD PEOPLE, isn't a pension, it's OAS, old people welfare, directly from taxes, it isn't a pension fund, there is no interest

and the actual pension, CPP, wasn't even sustainable until the late 90's, so there wouldn't have been anything there to raid

the gov't has been raiding the EI fund, both Liberals and Conservatives alike

basic info, well know

 

[marsvolta]

Canada is "Liberal Socialism"

"Liberal socialism is a socialist political philosophy that incorporates liberal principles. Liberal socialism does not have the goal of completely abolishing capitalism and replacing it with socialism, but it instead supports a mixed economy that includes both private property and social ownership in capital goods."

https://en.wikipedia.org/wiki/Liberal_socialism

its like a fat cake of socialism with a creamy frosting of capitalism. best of both worlds. just have to avoid the assholes who push to extremes in either direction. well, except the "right" destroyed the "left" years ago and now its just the "right" versus anybody who's not an ignorant asshole.

 

[Crookedmember]

Here's a suggestion for all of the right wingers who have been watching way, way too much crazy Rebel TV and are hating all of this socialism and social spending and social safety nets in Canada and the rest of the 1st world:

Move to someplace with no fucking socialism.

I'd suggest Somalia. No socialism, no safety nets, no taxes, no health care, no roads. No fucking nothing.

In Somalia, you'll be able to develop your full potential; the success, wealth and power that independent, strong individuals like yourselves could achieve in Canada if only you didn't have all of this motherfucking socialism holding you back.

Please leave fast. I'll pay for your one-way bus tickets.

Take fucking Ezra Levant and Andy Scheer with you.

 

[storm rider]

income taxes in Canada were introduced in 1917

and taxes that go to OLD PEOPLE, isn't a pension, it's OAS, old people welfare, directly from taxes, it isn't a pension fund, there is no interest

and the actual pension, CPP, wasn't even sustainable until the late 90's, so there wouldn't have been anything there to raid

the gov't has been raiding the EI fund, both Liberals and Conservatives alike

basic info, well know

If you work in Canada you pay for CPP and also EI(I dont pay onto the latter as I am self employed) and OAS/GIS etc are there to top up people who have not contributed enough to the CPP.If you have a maxxed out CPP when you retire you can collect it and live outside the country.To collect OAS/GIS you must reside for at least 6 months of the year and have a residence and all of them CPP/OAS/GIS are fully taxed.

The maximum amount ANY Canadian worker regardless of his/her profession can collect from CPP is less than $1500 a month EVEN based upon earnings/contributions over say a 40 year span.....yet some douchebag politician such as say Elizabeth May puts in 5 years as an MP well she gets the solid GOLD MP pension plan.....for the breakdown for every $1 she contributes to her "pension" Canadian taxpayers contribute(or I should say are robbed) of $5....and all the while Elizabeth May gets paid as an MP a shitload of money and has her expenses covered and feeds at the trough in the Parliamentary Dining room for pennies on the dollar paid for by tax payers.When she "retires" she will get $72,000 a year as a pension.....when asked about "pension reform" a Lieberal MP on the finance committee responded "we want it to be like this for everybody".......yeah well is what the pigs at the trough say and when it happens it results in the financial ruin that Greece has encountered.

The biggest thing that sickens me for the last election where Canadians voted for style over substance and elected a dilletante drama teacher who has lived his whole life from a protected trust fund was the class warfare.That class warfare got directed towards the TFSA contribution limit.The TFSA was introduced and brought in by the Conservatives and they upped it to $10,000 per year.Trudeau said it only benefitted the "rich" whish is a wholesale fucking LIE....the TFSA benefits EVERY Canadian eligable to have one....the truly rich are not worried about how to shield a paltry 10 grand a year.

Had it stood take say a 20 year old guy/gal who manages to stack up $10,000 a year into the TFSA and leverages it into ETF's or stocks that give a decent return year over year and over 40 years just keeps contributing and compounding in the TFSA.After 40 years that is a shitload of money that cant be TAXED......Lieberals dont like money that cant be TAXED.....because it does not pay for their Tax and SPEND more agenda.

 

[Ray]

The truth is, very few people were contributing anywhere close to the maximum allowable limit in the TFSA.

https://newsroom.bmo.com/2017-02-23...adians-Contribute-Less-to-their-TFSAs-in-2016

People continue to use RRSPs as their retirement fund.

https://www.theglobeandmail.com/glo...t-average-contribution-is-up/article33927935/

A lot of people are also relying on the equity in their homes to finance their retirement.

It appears that you have pension envy. You're envious that others make an income that you never will. Perhaps you think people should take a vow of poverty when they serve their country. Instead of being envious and letting it eat away at you, go into politics. Get the people to elect you, then you too can make 'obscene' wages and a gold plated pension.
You say you hate socialism, but you're obsessed with others making more than you. You say you hate communism, but you're obsessed with wanting to take away from those who have more than you.

 

[Quarter Mile'r]

Socialism is the philosophy of failure,the creed of ignorance and the gospel of envy.It's inherant nature is the EQUAL sharing of misery...Sir Winston Churchill.

Socialism is great until you run out of money....Margaret Thatcher.

The NDP are "Socialists".....and just a step right of Communists.Read the LEAP manifesto and one of the biggest platform planks of the LEAP manifesto is "wealth redistribution" which would come in all forms other than the obvious of confiscation of bank accounts etc.

A good example is real estate.Under the doctrine of the LEAP manifesto if a single guy owned say a 3 bedroom home in Vancouver well he does not need a 3 bedroom home since he is a single guy.The state would take it away from him(even though he paid for it) and GIVE it to a family and shove him into a prison cell like apartment because that is all he "needs" and the Socialist State knows whats best for him.

If you want to see how well Socialism works take a visit to Cuba outside of a resort and see how well off the average citizen is.....even better take a visit to Venezeuala.

SR

More like OCD Ray, how many times has SR posted these exact comments. :yawn:
I'd love to see SR where the NDP have taken away that 3 bedroom home from a single guy
who doesn't need it to give it too a more needy family. Or has your OCD bloomed
into just simple confusion?

The truth is, very few people were contributing anywhere close to the maximum allowable limit in the TFSA.

A lot of people are also relying on the equity in their homes to finance their retirement.

It appears that you have pension envy. You're envious that others make an income that you never will. Perhaps you think people should take a vow of poverty when they serve their country. Instead of being envious and letting it eat away at you, go into politics. Get the people to elect you, then you too can make 'obscene' wages and a gold plated pension.
You say you hate socialism, but you're obsessed with others making more than you. You say you hate communism, but you're obsessed with wanting to take away from those who have more than you.

Ray you just wrote out in WHOLE the manifesto of the Progressive Conservative party. Word........FOR........Word.

So tell me truly SR what has your PC gov't done for you that you love them so much?
Or is it that "what" they want to do to the masses to take away those so called social injustices
that you seem to imply that are handed out that makes you feel better if you see that
taken away from people? If that is the case man you truly need to look in the mirror and understand
what this country is all about. It sounds like the crap you spew is you would love to see people with
no Medical care, welfare, EI or any of those "social injustices" as it would seem to be from your
perspective. Good lord. Is that how you would like to see Canada be compared with Cuba
or Venezuela?

It always strikes me when I hear from bitter people who ARE self employed.
They are the epitome of jealous over those who have more than them,
like those who receive a pension plan from their union or workplace or have put money into one to
collect after retirement so don't tell me SR you haven't been putting into
an RSP or other umbrella of investment but just sit there and complain ad nauseum about those other
'socialist" folks who are going to recieve a pension and you get all jaded because you had to build your own?

You're all pissed cuz you are self employed and have to PAY taxes like everyone else?!
Well suck it up buttercup!!!

You better take Ray's advice above and same as I told you a long time ago to go get
that union job with a paid pension plan that you DO have to contribute too from your pay check
to collect on later. It is not just handed out like candies at Hallowe'en man.

About the vets;
After all SR check back a little with your PC buddies and tell me who it was that first took on the Veterans
and cancelled their pensions like a stamp. The Lieberals are just walking in their predecessors footsteps
so don't blame them.

I'm not standing up for the Liberals, just stating a fact that SR put forth about Lieberals attacking the vets.
Why did you omit SR where it started from.

Try not so hard to be the Bad troll that you are politically. It's gets really boring man.




..........................QM'r

 

[westwoody]

Get the people to elect you, then you too can make 'obscene' wages and a gold plated pension.
You say you hate socialism, but you're obsessed with others making more than you. You say you hate communism, but you're obsessed with wanting to take away from those who have more than you.

Some of us accept the consequences of our career choices. Some blame everyone else.

I know a former MP. His salary was not obscene. He worked damn hard, every day he was in office. He had people calling him 24/7 every day of the year, even on Christmas Day. How many of you would accept that?
You know why they have a good salary and a pension?
They NEED it to attract good people.
My best friend is a senior career professional. She would be a great MP, and was approached to run. She is very intelligent, hard working, and has a strong sense of social justice.
But for her to become an MP would mean a significant pay cut. Her career would be set back. She would have to neglect her family while she is in Ottawa.
If she was an MP and lost an election she could pick up where she left off.
If she was working at a regular hourly job she would have to give up everything, her job security included.
How do you get someone to give up their secure job to run for Parliament?
If you work at Walmart will they hold your position while you take time off to campaign?
Will they hire you back if you lose an election?

People who run take a huge gamble, win or lose.

 

[BobbyMcgee]

OK Mr.Smart guy I would like you to search the internet and include ALL Private corporations VS the Public Sector UNIONS that OFFER a lucrative DEFINED BENEFIT PENSION.....you wont fucking find a single one.Teck Resources treats it's employees well....they offer a defined CONTRIBUTION pension which these days is generous....Teck does not offer a defined BENEFIT pension and no Private Sector company does because they are not sustainable.....people live longer and draw more benefits and when those benefits are adjusted to inflation it is just worse.....the tax payers are the ones that pay for it.

SR

BILLION DOLLAR EA SPORTS - look up their profit share and pension asset fund. my cousin has been with them since early nineties. retired at 51.
you constantly bash unions yet constantly benefit from the tax related work they do.
backbone of the middle class otherwise it is the industrial revolution. your sector likely does not and hence your constant no pension bitterness.

 

[Bridge]

Aren't all these isms just theories and isn't every country's reality a mixture or blend of these isms? The details and the fine print of our mixture can be argued till we are blue in the face so perhaps we should weigh up the pros and cons and then decide if we want to stay or go. My experience tells me that that BC takes an awful lot of beating in terms of livability.

 

[licks2nite]

Love to see a constitutional crisis. If Canadian prime minister can approve a pipeline through British Columbia, Canadian prime minister can approve the more viable option through Quebec that would shut-out dictator oil imports and provide refining jobs inside Canada for as long as Alberta crude lasts. If the end result of a constitutional crisis is 13 separate independent countries, so be it. Love to see the United States follow suit with that the way that the States did when Canada legalized same sex marriage.

Canadian Constitution is an unworkable document. Impossible to amend if you remember the failed "Meech Lake Accord" and the failed "Charlottetown Accord". Law as applied to larger numbers becomes unfair. The purview of obsessed sociopathic rot and their useful idiots.