Facts about seniors' income
- Thread starter JLM
- Start date
No, that's wrong #Juan - Every person in the country gets O.A.P. when he/she reaches 65 and every working person who has paid income tax will get some C.P.P. (as far as I know if he/she is paying income tax they will automatically pay C.P.P. premiums)- it has nothing to do with need. If a person's total income falls below a certain level (approx. $1500 or so) they are eligible for the O.A.S. (old age supplement) I believe the max. for that is in the neighbourhood of $800. I know a bit about this sh*t because I checked into it for my sister a couple of years ago. She decided she couldn't live on it and is still working 40 - 50 hours a week at 70 years old. (She has champagne tastes)
But that's like socialist, eh! Spawn of Satan that is. Must work hard so the boss can have a more expensive car next year, eh.
Hey Cliffy- Have you ever stopped to think that when Chevrolets go up a $1000, Cadillacs go up $2000 in price?
We are on the same page on this, but the numbers speak for themselves.
There are a number of exceptional circumstances that can affect people (you mentioned a few), but the reality is that this affects a relatively small proportion of households.
As more time goes by, there is a higher and higher reliance on gvt facilities for seniors needing to rely on gvt lodges, homes or assisted living facilities... I get that the cost of the private ones are extraordinarily high, but the population at the other end of the spectrum where people don't have the liquid cash to even think about it is at the point where it can't be realistically supported.
CPP was/is a mandatory contribution and those folks that don't 'need' it, still paid in for a lot of years just like everyone else.
Everyone is fully entitled to this bennie
The younger generation mostly just wastes it- give it to the hospital or the Salvation Army or the War Amps etc.
And one more thing to remember is those "rich" people most likely had the highest paying jobs and paid the highest premiums, so they contributed substantially while they were working. I get a little tired of people always complaining about the "rich"- sure a few of them are lazy layabouts spending inherited money, but a lot of them got off their A$$ and some spend a few years doing drudge jobs while working their way up in the system. Some of them also contribute huge amounts to charity, as anyone watching the Children's Hospital telethon can see in a very few minutes.
People are entitled to their entitlements? It's funny how some folks think that sounds bad when somebody on the other side of the political spectrum says it but makes perfect sense when they say it.
Used to be seniors ride for free mid week. I believe they now pay 50% BCF employees also used to ride free.
If they paid for it years in advance in cold hard cash, yeah, I'd say that they are entitled to it.
Try this example on for size... Your mom worked hard and paid for her home, the one you live in... Is your mom not 'entitled' to that house?
If she can afford it, yes.
That's not a particularly good analogy though as the money people pay into CPP is recouped pretty quick when they retire. Most people in their 70's have gotten back all that they put in and are now costing the system. In any event, the only thing I'm entitled to are those things I can pay for myself. I get that you and Dippers share the same entitlement attitude. I'm just saying it"s funny though I know you don't see the humour in it.
If the government mostly Liberal all those years had invested those CPP premiums we paid in, instead of spending it......
If she can?... Probably a little late in the game for your mom to start thinking about buying a house, especially if there is a question of affordability.
It's an excellent analogy... You pay into CPP for the duration of your work life and can't collect for decades (assuming you lived and worked most of your life in Canada).
Same with a house for most people.. Takes many years to pay off and upon sale of the house, you release that cash.
As for the issue of someone in their 70s, that is more reason for the entitlement argument that you felt the need to deride earlier
At today's interest rates probably but for a lot of years in the 70s and 80s that money was earning compounding interest and dividends at 20-25% and more. Not only that but we are recycling that money back into the economy- it's money that is used many times over as the recipient spends it at the liquor store, where it get respent to buy shoes for an employee's kid etc. etc.
Yes, if she can. This may come as a shock to you but taxes, utilities and upkeep on a house can be considerably more than the cost of renting an apartment. While you may feel home ownership is an entitlement, those of us that tend to fall in the fiscal conservative category certainly don't.
Nope. What you paid into CPP 40-50 years ago was a pittance. Look, I get that you're trying to justify your entitlement, I just think we should spend tax dollars where they are needed most and if your generation mismanaged the country's finances, you need to suck it up and deal with it. FFS, quit acting like a Dipper.
Sounds like something right out of the Dipper handbook. Let's just keep increasing taxes then hand out entitlement cheques. It'll grow the economy....heh heh heh. Good Gawd you're silly.
I'm sure you have lots of arguments in favour of your entitlements. That's one of the reasons you have so little credibility when you whine about other people's entitlements.
You'll be learning a hard lesson... Renting is a great way to get someone else to pay your mortgage.
PS - If you believe that as a renter you aren't paying those taxes, upkeep and related costs, you're living in a fantasy
Doesn't matter... An individual that pays into a 'system' that is specifically intended to return cash at a later date is fully expecting to get that cash back. This isn't a charitable donation, it is specifically advertised as a forced retirement program.
Interestingly, I see that you equate this as a 'tax'... Nothing farther from the truth... Perhaps if you had got side tracked with sucking meth out of a glass dick, you might have learned this.
PS - 'My generation' will be paying for your ongoing AISH, welfare and income supplements for a long time to come.
Yup.. The ones I like best are the accelerated write-downs on cap costs related to resource extraction... It's a helluva deal.
That's bullsh*t - it was a percentage of our wage like it is today. I believe when I first started paying back in 1966 it was $80 a year!