Quote:
Originally Posted by CliffFletcher
Is it really envious random citizens who called for ramping up CPP? I thought it was government bureaucrats who were alarmed at how little Canadians are saving, and aware that impoverished seniors are going to cost the government even more through welfare, health care, etc. Because that's the thing - in a civilized country you can't just shrug and say people who didn't save enough can eat cat food and live in basements. Because the costs of their poverty (even if it is through poor planning) will come back on the public coffer one way or another. So better to force them to save.
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I actually have no issue with the higher CPP premiums - my issue is why do that AND take away my extra abilities to save?
Increase CPP, sure. Reduce the TFSA? Why? If I choose to spend my money on investments instead of new homes/cars/toys, why do I get punished for it?
Not to mention that it sounds like the new budget is going to be more "punish those who save/invest" - extra taxes on capital gains, dividends - frankly it is punishing those like me to satiate the masses who blow every dollar they have (and thousands of dollars that they don't have).