Our Canada Pension Plan
Allan Scott’s daughter died this year at the age of 34 and When he inquired about her CPP he was told that because she was not married and had no children, the money now belonged to the government. Nobody else was entitled to it.
On Sunday, November 6, 2016, Scott wrote: “When the CPP was put in place by the government of the day in 1965 (under liberal Lester B. Pearson) it was meant to assist people that did not have a pension.
Employees put in a percentage and the employer doubled the employee's input. There is no money in the CPP from the government of Canada. For a fee from the pool the government was supposed make the pool grow. We Canadians are getting less than half of what that pool
should be paying out every month. We are being cheated out of something that is legally ours, the government's.
This should be investigated by the Supreme Court. Good information for our families and friends and it should be passed around until everyone has read it.
Those who went before — one major thing wrong with the government's calculations of 'available CPP funds is they forgot to figure in the people who died before ever collecting CPP cheque. Where did that money go?
Also, ponder these additional points:
●The math: remember, not only did you and I contribute to CPP but your employer did too. It totalled 15% of your income before taxes so if you averaged only $30,000 during your working life of, let’s say of 45 years, that's $202,500. Read that again. The government paid nothing.
●Interest on the month you and your employer sent to the government was to ensure you would get a retirement cheque from that money you “invested” (not the government). If you calculate the future invested value of $4,500 a year (yours and your employer's contribution) at a simple 5% interest, after 49 years of working you'd have $892,919.98.
●The scheme: if you took out only 3% per year, you'd receive $26,78760 per year and it would last more than 30 years or until you're 95, if you retire at age 65), and that's with no interest paid on that final amount on deposit!
● If you bought an annuity and it paid 4% per year, you'd have a life-time income of $2,976.40 per month. Those in Ottawa have pulled off a bigger Ponzi scheme than Bernie Madoff ever did! They call CPP an “entitlement” even though most of us have been paying for it all our working lives. Now that it’s time for us to collect, the government is running out of money! Why does the government treat the fund as its general piggy bank?
The government is now calling CPP payouts an “entitlement,” but we paid aid cash for our CPP and just because the government “borrowed” it for other “programs doesn't make our benefits some kind of charity or handout!
Think about the entitlements of senators! We pay for their health care, outrageous
retirement packages, 67 yearly holidays, three weeks' paid vacation and an unlimited number of paid sick days. Now that's welfare. Yet, they have the gall to call our CPP retirement payments entitlements.
The latest estimate (as perGlobal news) is that it will cost us $600-million to bring in 25,000 refugees. The government (according to the Public Accounts Office) is already $5-billion in the hole. How much more will they take from our CPP to cover that expense? Former Immigration Minister, John Mccallum stated in a Global TV interview, that he would present his plan to Cabinet shortly, but he could not be pinned down as to cost. Will they write a blank cheque on our CPP account? The new philosophy is, refugees first, Canadians last.
One final thought on this. The military pays into CPP as everyone else does. Yet, when it comes time to draw on this “entitlement” an amount similar to CPP is witheld from their military pension. Who stands on guard for them? Sad isn't it? Get used to it as 99% of us won’t send this on.
POOR MUDDLED CLIFFY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He just shot his LIE-beral pals in both feet with his big mouth!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He does not understand the FINE PRINT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
CPP is supposed to be like a life insurance program!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You pay in for a period of years and then get to draw back out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The life insurance company "wins" if you DIE before they pay out all the money!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Meaning you paid in more than they pay out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Insurance actuaries average out the costs- and they set it up so the HOUSE WINS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
There are always some people who live longer than expected and there are others who die young- but the concept of insurance demands the HOUSE WINS- meaning in this case- GOVT!!!!!!!!!!!!!!!!!!!!!!!!!!!
That is how LIE-berals DO EVERYTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
They give you a one dollar gift and charge you $1.50 for the privilege!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But there is more and worse to consider!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Our LIE-beral sponsored CPP was set up as a LIE-beral TYPICAL VOTE BUYING SCAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
One day govt just started collecting contributions and also started handing them out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
There WAS NO PERIOD of contribution build up - thanks to the fact LIE-berals had got the civil service union Hog gravy train rolling and inflation was hitting hard at old folks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So LIE-berals like Pierre Trudeau BOUGHT old folks votes with CPP GIFTS!!!!!!!!!!!!!!!!!!!!!!!!!!
And younger people PAID EXTRA to cover the lower contributions of those old folks!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And yes- LIE-berals did raid CPP contributions for other things!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And it was LIE-beral Chretien that ended up holding the pension hot potato!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In the 1990`s- LIE-berals produced a report to state that CPP was fiscally stable and viable in the long term!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Insurance actuaries, bankers and demographers immediately tore the report to PIECES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
They pointed out LIE-beral FAKE NEWS such as:
LIE-berals FORGOT to include for the effect of their new "means tests" that were forcing seniors to pay ever higher prices for things like eye tests, hearing aids and other medical stuff!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Forgot to include for income tax claw backs for people who had pension income other than from CPP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Forgot to include for people living longer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Forgot to include for the effect of LIE-berals using interest rates to "control" inflation!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals LIE about how effective interest rate alterations are at allegedly "controlling" inflation!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals FORGET that artificially lowering interest rates by govt fiat REDUCES the pension income of seniors!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-berals do not want to admit that artificially reducing interest rates by greedy govt order- hampers the ability of people to save for their old age!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Look at the 0.8 percent interest on a savings account at any of the big banks and compare that to the 2 percent property tax rate increase!!!!!!!!!!!!!!!!!!!!!!!!!!
Look at the 0.8 percent interest and compare it to the average rent increase!!!!!!!!!!!!!!!!!!!!!!!!!!1
Look at the 1 - 2 percent interest rate on a GIC and compare that to the planned water rate increases of 4 percent this year and 6 - 9 percent in each of the next few years!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Look at the HUGE increase in electricity rates under LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Look at your frozen wages, reduced hours of work and increased transportation costs under LIE-berals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Then compare LIE-beral spending on vote buying to Harper Conservatives who SIMPLY FROZE most govt costs and taxes!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Compare wild LIE-beral costs to the influence of Mike Harris who cleverly kept OUR MONEY out of the hands of Chretien LIE-berals!!!!!!!!!!!!
Ontari-owe civil service union Hogs were enraged at Harris- because he did not give them a raise in any politically correct LIE-beral fashion!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In LIE-beral fashion - Hogs get their raise when TAXES RISE - that is- for ever $100 dollars pay raise Hogs get - govt has to rip $100 dollars from our pockets and pay it too Hogs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And of course the Hogs ONLY GET $70 dollars out of that $100 because they PAY MORE FEDERAL INCOME TAX ON THE RAISE!!!!!!!!!!!!!!!!
Harris stood the system on its head by CUTTING PROVINCIAL TAXES- paying LESS TAX means MORE MONEY IN YOUR POCKET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LESS TAX EQUALS A PAY RAISE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And in this Harris case it gave Hogs a raise WITHOUT Hurting tax payers and WITHOUT letting federal LIE-berals get their hooks into us!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RECALL that for every $100 pay raise- FEDERAL LIE-berals GRAB $30.00!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It is GREAT FOR FEDS- since they automatically get Ontari-owe gravy to buy votes in other provinces............... but NOT for Ontari-owe tax payers!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But that Harris raise was NOT ACCEPTABLE TO HOGS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The ENTIRE LIE-beral CAUSE MUST BE ADVANCED AT ANY PRICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cutting Chretien LIE-berals out of their share of Ontari-owe gravy was seen as CHEATING by Hogs!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It put LIE-berals in an awkward spot!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If Chretien wanted more gravy he would have to be UP FRONT about it and raise his own taxes and take the resulting political heat!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And in the end- after Cdn dollar hit 63 cents U.S. and we hit the debt wall - Chretien solved his fiscal problems by SH+TTING on the provinces- especially on Ontari-owe!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Federal transfer payments were SLASHED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Chretien DID NOT fix his idiot budget- he simply arranged to BLOW OURS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In Ontari-owe- federal transfer payments had been covering 57 percent of our health care budget and that rate PLUMMETED to 17 percent after the LIE-beral slash and burn!!!!!!!!!!!!!!!!!!!!
And health care is the single biggest expense in Ontari-owe so Chretien burned a HUGE HOLE in our budget!!!!!!!!!!!!!!!!!!!!!!!
Chretien LIE-berals also made MAJOR CHANGES to unemployment insurance with workers paying more in and getting MUCH LESS OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And Chretien hit us with the biggest tax wallop in Cdn history after he was forced to admit that his prized report on the viability and sustainability of CPP was a FANTASY!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yes- after being exposed as LIARS from that CPP report- Chretien LIE-berals then hit us with the biggest tax hit in our history to bring CPP back into the black!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So there is the problem that CLIFFY is working with!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He can play all the word games he wants but its all fresh, ripe, steaming, straight from the back of the Bull, best quality organic fertilizer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Bag it up Cliffy and sell it to farmers before you bury yourself in CRAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
By any reasonable measure- Canada is BANKRUPT and your stupid word games will NOT solve anything!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You are already getting all that you deserve in LIE-beral OPPRESSED Canada!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You are simply NOT SPECIAL enough to demand more!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
And LIE-berals see no reason to give you more since they have already bought your muddled and confused SOUL!!!!!!!!!!!!!!!!!!!!!!!!!!
At this point the BIGGEST FIGHTS in Canada are between various special interest groups trying to explain why THEY DESERVE MORE than other Cdns!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LIE-beral bigotry and shameless vote buying are destroying Canada!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
At this point- the ONLY WAY to get Canada back in the black is TO KILL HOG PENSION PLANS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It is CLEARLY a GROTESQUE CONFLICT OF INTEREST that Hogs should get so much more than ordinary Cdns!!!!!!!!!!!!!!!!!!!