Quote: Originally Posted by damngrumpy
Wait a minute here, too many seniors that will overwhelm the system? Give ones head
a shake. The seniors paid for the service during their working lives and I am now one of
them. The problem is Quebec was the only Province to take its share of the money and
actually invest it wisely to ensure the problems coming to the fore didn't happen there.
The rest of Canada wasted their portion on giving tax breaks to companies and the wealthy
and then using their share of the money for infrastructure (like roads and sewers) instead
of investing in the future of the programs. The time has come to pay up and the money is
gone. It is time that everyone started paying their share of the freight to run this country
and that means the rich boys who claim their is no free lunch and them demand tax hand
outs for a trickle down economy.
For those who think we are way better off than our Southern cousins, think again we are
on the doorstep of some very tough times and there will be a lot of economic pain for us
all to share. Harper saved us, ya right, wait until you see the international mess heading
for us all.
Sorry I missed this. Yes, seniors have paid their dues, but that is not the problem. As usual it is government short-sightedness. Our population, dropped during the war years and grew spectacularly, at the end of it by 20% to 25%
It is the huge bulge of baby boomers moving through the retirement stage that will once more force monumental changes. The baby boomers have changed (mostly for the better)Canadian & American life, when they as they passed through the different stages. ] (external - login to view)
By the sheer force of its numbers, the boomers were a demographic bulge which remodeled society as it passed through it. It is about to do the same as they move into retirement.
Neither the US nor Canadian governments have taken measures to accommodate the coming changes, inspite of knowing the history of what happens when this bulge passes through. As usual, it will be forced on them.
Baby Boomers control over 80% of personal financial assets and more than 50% of discretionary spending power., July 2011, in the US & Canada. That is a lot of power, not in the hands of the government yet.