Sunday, December 16, 2012
Jim Flaherty and the Theatre of Cruelty
You might think that Jim Flaherty would be satisfied with ramming through his latest Trojan Horse budget.
His ghastly swollen beast stuffed to the gills with toxic waste.
But no. Now he's going after seniors and the Canada Pension Plan.
The federal finance minister says he still supports enhancing the CPP in the future, but that "in a time of very fragile, very modest economic growth, it probably is not the time to put further burdens on employers and employees."
A number of provinces, led by Ontario, are pushing for a modest enhancement of the national plan as a way of dealing with the fact that many Canadians have no company pension plans to fall back on when they retire.
Claiming we can't afford to enhance it, when in fact we can.
Canada can, in fact, afford to shore up its disappearing pension system. A “modest” expansion of the solid but paltry Canada Pension Plan could plug the gaping holes in our outdated retirement security framework, the document shows. Ottawa and the provinces are well positioned to boost the CPP because current retirement payroll costs are far lower than in other industrialized countries — yes, including the U.S.
Currently, Canada allocates a mere 5.5 per cent of its economic activity (GDP) to social security and payroll taxes. If all the improvements outlined in the paper were phased in, the percentage would rise to 6.3 per cent. Even under this improved scenario, Canada’s contributions would still be low by OECD standards — and remain at the very bottom of the G-7 group of industrialized countries.
And we must, because the need has never been greater.
In the next 10 years, 4.4 million Canadians will retire, followed by 5.4 million in the decade after that. And, with longer life spans, those retirees can expect to live 20 or 30 more years. Yet we are saving less than ever, are overwhelmed by even the most basic financial considerations, and our spending is through the roof with debt to disposable income at a staggering 163%.
So why is Flaherty dragging his feet? Answer: because like all the other right-wing ideologues and teabaggers in the Con regime, he doesn't want to strengthen anything to do with government. He wants to kill it DEAD.
Even if that means that Canada will soon be overwhelmed by a tidal wave of misery, with more poor seniors than this country has ever seen...
When that nightmare could so easily be avoided.
The benefit? Instead of limiting CPP payouts to $12,500 a year currently, middle class Canadians could effectively double their annual pension down the road — virtually wiping out the shortfall in savings.
But that's the Cons eh? Putting their foul alien ideology before the lives of even the most vulnerable Canadians.
They're selling us out to foreign interests, they're killing jobs all over the country to make Alberta richer. They're going after women, they're going after the young, they're going after the old.
Welcome to Con Canada.
Welcome to the Con Theater of Cruelty...
Has there ever been a more evil and more degenerate Canadian government?
Organize, unite, destroy those cruel monsters.
Before they hurt our seniors.
Before they destroy our future...
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