Quote:
Originally Posted by Slava
Alright and thats understandable. You post it like you agree with the opinions presented though. After reading a number of posts here, what are your thoughts on this idea?
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Thanks for noticing. I intentionally didn't say my thoughts on the article.
The biggest surprise I have from reading this thread is the sense that the CPP means nothing and it's essentially another "general" tax and can be used for whatever. Ok, I get that it might not be worth much and that people do not include it in their retirement plans, but I think it's a real concern to think treat it as tax to be used for whatever (and not a specific purpose).
I don't think it should be used as a tax for general revenue. If it is, then let's open up the entire debate and abolish it completely or have the discussion for provinces to opt out and make their own plans (the discussion sans Firewall hysteria).
I also think that people get more risk adverse as they age and that a lot of people who paid 40+ years into it will be quite concerned with investments they perceive to be less secure as in the past. These people paid into it for years with an understood result and outcome. For them it isn't a tax - it's a pension. This will be a lead balloon politically for seniors or those on the cusp of retirement.