Alberta Politics & Government Thread 3.0

[Goriders]

Originally Posted by Fuzz

Also, where are you getting your talking points from? Who are "they"? Because they are either lying to you, or mentally deficient. And it's clear you are repeating their info.

It’s a discussion board. I’m asking questions, giving opinions, listening to others opinions.

[Goriders]

Originally Posted by GGG

In 1990 the fund changes so it would be solvent. This involves today’s contributors paying for current retirees so people end up contributing more then they wil get as a result.

The CPP doesn’t have a deficit, it is solvent until 2075 meaning with predicted growth and contributions it will be able to pay out retirees. It does rely on current workers paying for current retirees at the present time.

You also have said you don’t want the better option of the Calgary pension plan yet didn’t say why you don’t?

As for the deficit that’s the one item I didn’t follow on the town hall I watched online. The actuary said it was a big concern but didn’t spend a lot of time expanding on it. He kept focusing on the demographic angle.

[Goriders]

Originally Posted by Wormius

Outperformed by what metric? You’re personally going to get a fixed amount every month, no matter what. There’s no special bonus cheque if the funds do well.

I guess the metrics would be like any other pension fund. Management expenses. Rate of return on investments. Year over year net value.

Since it would be a new fund I’m assuming they would have to set contribution and benefit rates. If it performed better to supply the same benefit you could decrease contribution rates or keep them the same and increase benefits.

Guessing contributors could decide how they wanted that to be handled. I.e. what do you do with surpluses. There would probably be some sort of charter to deal with items like that?

[Fuzz]

What town hall did you watch online? Can you share?

[Goriders]

Project confederation did a bunch of them. I watched two because I heard a lot of noise about the APP and wanted to learn more. The first one was okay but the second one was way better. They had a retired actuary on to explain the advantages.

I don’t really care about the politics I just wanted to see if it was a good idea or not for Albertans. When they were done I was sold. I realize others won’t be. But that’s the way it generally works. You’ll never get a consensus.

I rewatched some of it yesterday because I watched it a year ago and others on here were asking me questions I couldn’t remember the answers to. It was on Rumble. I’ll be honest I probably don’t know how to attach links. I will try below though. If it doesn’t work hopefully there’s enough info you could find it in google. Actuaries name was Gordon Lang.

https://rumble.com/v5boybe-town-hall...t-20-2024.html

It’s about an hour long. If you don’t want to listen to the political BS fast forward. I think gordon starts at about 15 minutes. You won’t like some of his views. But just listen to his technical points. Plug your ears for the political parts.

[Paulie Walnuts]

Originally Posted by Fuzz

What town hall did you watch online? Can you share?

https://agency.ailife.com/canada/alberta/edmonton/ao

These people hold seminars all the time and try to hire you right after.

[GGG]

Originally Posted by Goriders

Project confederation did a bunch of them. I watched two because I heard a lot of noise about the APP and wanted to learn more. The first one was okay but the second one was way better. They had a retired actuary on to explain the advantages.

I don’t really care about the politics I just wanted to see if it was a good idea or not for Albertans. When they were done I was sold. I realize others won’t be. But that’s the way it generally works. You’ll never get a consensus.

I rewatched some of it yesterday because I watched it a year ago and others on here were asking me questions I couldn’t remember the answers to. It was on Rumble. I’ll be honest I probably don’t know how to attach links. I will try below though. If it doesn’t work hopefully there’s enough info you could find it in google. Actuaries name was Gordon Lang.

https://rumble.com/v5boybe-town-hall...t-20-2024.html

It’s about an hour long. If you don’t want to listen to the political BS fast forward. I think gordon starts at about 15 minutes. You won’t like some of his views. But just listen to his technical points. Plug your ears for the political parts.

I would not trust any information from project confederation on any topic. They are intentionally misleading.

It’s injecting the manning center into your veins.

They only use Lifemark numbers in all their CPP analysis.

[Goriders]

Originally Posted by Dynamic

Its pretty clear that the UCP is pretty much a foreign funded separatist party at this point. And it sucks for me to say that because a few years ago that would of been tin foil hat talk from me. The APP is just another step in the plan for them and its painfully obvious they will push this as long as they can until the electorate just gets sick of it or have been influenced by misinformation and propaganda and decide it is worth a shot.

How do you figure this? Foreign funded? I’ll be honest this is the first time I have heard anyone say that.

[Goriders]

Originally Posted by GGG

I would not trust any information from project confederation on any topic. They are intentionally misleading.

Like I said. You can believe what you want. But listen to the actuary’s technical points.

[PepsiFree]

Originally Posted by Goriders

Like I said. You can believe what you want. But listen to the actuary’s technical points.

People have presented you with several more relevant, unbiased professionals who have made it quite clear that what you believe to be true simply isn’t.

This isn’t a matter of people believing what they want. There is fact and fiction, and you’re peddling fiction while totally ignoring fact.

[GGG]

Originally Posted by Goriders

Like I said. You can believe what you want. But listen to the actuary’s technical points.

If they are based on the life mark report numbers then they arent going to hold up.

https://youtu.be/iSXSJXk2GCI

I assume this is what you are referring to or the follow up videos

All of the logic being presented here would make a Calgary Pension plan or a Calgary/Edmonton plan even better then the Alberta plan.

[Dynamic]

Originally Posted by GGG

Why do you say foreign funded?

This sounds the like the ridiculous oil sands argument. They may be foreign influenced through social media. But the funding is coming from within Alberta.

That is what more I meant with your mention of social media but it goes further than that IMO. But its obvious large amounts of money are being spent on foreign influence of the electorate through misinformation. The TBA faction and other groups that quite clearly have sway in the UCP have had minds highjacked by being force fed propaganda. When you get highly motivated people that are not intelligent enough to figure our fact from reality that is when things get dicey.

My definition of foreign funded is pretty broad. All this provincial police/RCMP stuff, the tearing up of AHS, the weird Trudeau fetish, ads attacking Ottawa, the APP......all of this money being spent on projects that do not benefit Alberta is foreign funded. Essentially what I am saying the seeds were not planted by Alberta's to spend money on all these projects, they were planted by someone else outside this province.

[Fuzz]

Ok, ya that explains things. You have been deceived and fully bought in that what you heard was the truth, and started from there. You should have started with "can I trust what these people are pushing" and gone from there. Here's a tip, if the video is on Rumble it's highly likely to be deceitful. If you aren't capable of parsing truth, maybe stick to traditional news sources, or before you know it you will be flying " I want to fornicate with Trudeau" flags from your truck. And that would be embarrassing.

[D as in David]

Originally Posted by Goriders

I was talking about the CPP. He asked about the CPP.

I know. I was giving you a related example of how the UCP does "supposed to be" when it comes to arm's length.

[D as in David]

Originally Posted by GGG

If they are based on the life mark report numbers then they arent going to hold up.

https://youtu.be/iSXSJXk2GCI

I assume this is what you are referring to or the follow up videos

All of the logic being presented here would make a Calgary Pension plan or a Calgary/Edmonton plan even better then the Alberta plan.

I don't currently live in Pump Hill but if they set up their own pension plan (PHPP), I'm moving there.

[Goriders]

Originally Posted by Fuzz

Ok, ya that explains things. You have been deceived and fully bought in that what you heard was the truth, and started from there. You should have started with "can I trust what these people are pushing" and gone from there. Here's a tip, if the video is on Rumble it's highly likely to be deceitful. If you aren't capable of parsing truth, maybe stick to traditional news sources, or before you know it you will be flying " I want to fornicate with Trudeau" flags from your truck. And that would be embarrassing.

So their whole premise was we have more contributors and less consumers. Are you saying that’s false? I’m pretty sure it’s true in this province.

[Fuzz]

It's been explained over and over. No, it's not currently false.
No, it doesn't guarantee anything about the future makeup.
No, they don't actually care about you or the returns you would see. Like, do you honestly think all these wealthy powerful people actually care about pension payouts? Come on. Don't be a useful idiot to them. They have their agendas for their benefit, not yours. Never forget that.

[Roughneck]

I mean, 'more contributors' would be false, because there are more people in Canada than there is in Alberta.

'A higher proportion of contributors to consumers' would be the more accurate way to put it, but who's got time for details when it comes to risk assessment.

[GGG]

Originally Posted by Goriders

So their whole premise was we have more contributors and less consumers. Are you saying that’s false? I’m pretty sure it’s true in this province.

It depends on the value they get out of CPP today. The basis of their calcs of the benefits is the life mark numbers not the Tombes numbers.

So yes we do have a demographic advantage. The value of that advantage and the risks associated with that are not being fairly represented by these groups.

Essentially a bet on Canada having better demographics than the rest of Canada is a bet on oil and gas. (Another vary large bet). And for some reason you are against just doing a cities pension plan to get rid of the old Albertans. It’s the same logic.

[Goriders]

Originally Posted by GGG

It depends on the value they get out of CPP today. The basis of their calcs of the benefits is the life mark numbers not the Tombes numbers.

So yes we do have a demographic advantage. The value of that advantage and the risks associated with that are not being fairly represented by these groups.

Essentially a bet on Canada having better demographics than the rest of Canada is a bet on oil and gas. (Another vary large bet). And for some reason you are against just doing a cities pension plan to get rid of the old Albertans. It’s the same logic.

I don’t think it matters if you have many times more contributors yhan consumers you could leave with notying and be better off. The original pile of money is just gravy or symantics. The demographic imbalance is so large.