Quote:
Originally Posted by Azure
Which is why I would make the changes over a long-period of time, to allow people to arrange their income so they don't need to depend on OAS down the road.
CPP is different though. People pay in for 30 some years before they can pull out. The program just needs to be sustainable over a long-period of time and there shouldn't be a problem at all. OAS isn't funded at all outside of tax revenue for THAT year. So as the baby boomers retire, suddenly the younger generation, as in me(and not you  ..) will have to fund the program.
I just think OAS should be a welfare program designed to help those that never made enough to put away enough to be able to retire properly. |
And to add to this, maybe more people will just never retire. Its not the end of the world; retirement is a newer concept anyway. Maybe you can't afford to retire. Maybe you don't really want to retire (I know, call me crazy, but that happens as well!)