Canadians are not paying their fair share

[Machjo]

It is immigrants who are not paying taxes on interest on their savings.

Almost all immigrants who assemble savings here move their savings to their old country, very often registered in their own name or the name of a parent or relative.
It's bad enough that we spend so much to accommodate immigrants and then most of them cheat on their taxes to avoid giving money to the country that takes them in.

There is a solution to that: to create an international database to which any state can download an update on any accumulated wealth beyond essential wealth that any person possesses in that country on which no wealth taxes has yet been paid and from which the government in which any person resides can access that information on him so as to determine how much of a wealth tax to charge him.

I could actually support that. You see, Durry: you complain, I propose solutions.

 

[Curious Cdn]

Yep for me it's superannuation, C.P.P., O.A.P. and RRIFs, however much of that stuff qualifies as Pogey.

Ahhh, you deserve it, probably, after paying into them for all of those years.

There is a solution to that: to create an international database to which any state can download an update on any accumulated wealth beyond essential wealth that any person possesses in that country on which no wealth taxes has yet been paid and from which the government in which any person resides can access that information on him so as to determine how much of a wealth tax to charge him.

I could actually support that. You see, Durry: you complain, I propose solutions.

I think that everyone should have a chip implanted with all of their vital stats carried with them and that all of the information about everyone, anywhere should be scannable at any time.

Democracy must be protected at any cost.

 

[Cannuck]

Ahhh, you deserve it, probably, after paying into them for all of those years.

He's entitled to his entitlements.

 

[JLM]

Ahhh, you deserve it, probably, after paying into them for all of those years.

Well, I paid into the Superannuation for 35 years, the C.P.P. for about 33 years, the O.A.P. probably for life (and still paying) and the RRIFs for over 20 years. So I definitely don't have a guilty conscience about collecting any of them.

I think that everyone should have a chip implanted with all of their vital stats carried with them and that all of the information about everyone, anywhere should be scannable at any time.

Democracy must be protected at any cost.

I'm a little confused..................should this be typed in purple? If not does Democracy preclude privacy?

 

[JLM]

Says the guy that lives on government grants.

Yep, typical f**king hypocrite!

 

[Cannuck]

So I definitely don't have a guilty conscience

Pigs at the trough seldom do

I'm a little confused..............

You're a lot confused

 

[Galol]

The problem with this post is it assumes the federal government of Canada needs tax dollars. It doesn't.

 

[JLM]

The problem with this post is it assumes the federal government of Canada needs tax dollars. It doesn't.

If not, how do they pay for services, infrastructure etc. that the electorate demands. The human animal is the only species on the planet that has money, so I'd be very interested to know what other source of money besides taxes is available. I suppose if you want to relabel taxes, tariffs, fees, charges etc. that might work but I fail to see how that would diminish the burden. Maybe the bright f**ker who started this thread may have some answers! Oh yeah, I remember now - the costs would be picked up by people over age 65 and those who are decrepit and infirm.

 

[Curious Cdn]

Yeah. Who's going to cover the CPP pyramid scheme shortfall, so that JLM gets his little cheque, every month?

 

[JLM]

Yeah. Who's going to cover the CPP pyramid scheme shortfall, so that JLM gets his little cheque, every month?

I wasn't aware that I was getting a cheque that every other working person over 65 wasn't getting! I haven't heard many details of the pyramid shortfall either except for the fact that shortly after the pension first started the rules changed so that injured employees could syphon off it. A link would be appreciated.

 

[Curious Cdn]

I wasn't aware that I was getting a cheque that every other working person over 65 wasn't getting! I haven't heard many details of the pyramid shortfall either except for the fact that shortly after the pension first started the rules changed so that injured employees could syphon off it. A link would be appreciated.

I didn't say that you weren't entitled to it! It's just that CPP and every other similar government scheme is predicated on constant, ceaseless growth to finance them. Cash it with a clear conscience! You've paid into it since the Romans left.

 

[JLM]

I didn't say that you weren't entitled to it! It's just that CPP and every other similar government scheme is predicated on constant, ceaseless growth to finance them. Cash it with a clear conscience! You've paid into it since the Romans left.

I'm not an expert on the matter by any means (Cannuck holds that distinction) but I would imagine that when the rates were first established about 1966, it was an actuary or maybe several actuaries that did it. Am I led to believe now that they f**ked it up?

 

[gerryh]

I'm not an expert on the matter by any means (Cannuck holds that distinction) but I would imagine that when the rates were first established about 1966, it was an actuary or maybe several actuaries that did it. Am I led to believe now that they f**ked it up?

T hese reforms significantly improved the financial sustainability of the CPP, such that in 2007, the federal Office of the Chief Actuary released a report on the CPP, which concluded the CPP will be financially sound over a 75-year period. It also found that between 2007 and 2019, CPP contributions will be more than sufficient to cover benefits. After 2019, a portion of the CPP’s investment income will be needed to make up the difference between contributions and expenditures. That said, the economic recession of 2008-09 did impact the CPP. In February 2009, the CPP Investment Board reported a decline in the fund, of $13.8 billion for the nine-month period ending December 31, 2008 (CPPIB, February 2009). By September 2009, however, the board had reported a sharp increase in the fund’s value, which regained the value it lost during the recession (CPPIB, November 2009).


Canada Pension Plan: Overview, History and Debates | Mapleleafweb.com

 

[JLM]

Holy FUK you are stupid.

How many times do you suppose he's been told this in the past 10 years. I alone have told him that probably a thousand times. What's it take before the guy just quietly f**ks off and crawls under a rock. I could probably count the fingers on one foot of how many would actually miss the twit!

 

[petros]

Not enough.

 

[JLM]

And who is doing all the jealous Whining here to-day?

I wonder who the A$$hole is trying to convince besides himself! I'm quite comfortably retired due to the fact I put enough aside to allow for an extra $100 of discretionary spending every day. I imagine you did something similar. :wink: