Facts about seniors' income

[Cannuck]

do you need a hug?

Hugs are good.

*Hug*

Pay the idiot no mind! It's only a person who has no interests in life or is incapable of holding down any kind of steady useful employment who would be nosing around the trough to see who's contributing and who is withdrawing. It's only because his own livelihood is so precarious that he'd be concerned if there's enough for him to skim off. Only losers spend their days worrying about someone else getting more than their share. The trough has been good to me. I contributed for almost 40 years and have spent 19 years automatically receiving a monthly stipend no questions asked. I did luck out for a year or two as I did have the foresight to invest in funds that were paying 20% interest, but reinvested it rather than taking it out. It's totally amazing how compound interest amasses in a very few years. Cannuckhead could have done the same thing I did but he just never had the smarts or ambition or ability to hold down a good paying job, so now he's crying the blues.

You should calm down. I see the ex-lax has been ineffective. Let me look into other options

 

[Tecumsehsbones]

Wow, Cannuck clearly hit a nerve.

 

[Curious Cdn]

Pay the idiot no mind! It's only a person who has no interests in life or is incapable of holding down any kind of steady useful employment who would be nosing around the trough to see who's contributing and who is withdrawing. It's only because his own livelihood is so precarious that he'd be concerned if there's enough for him to skim off. Only losers spend their days worrying about someone else getting more than their share. The trough has been good to me. I contributed for almost 40 years and have spent 19 years automatically receiving a monthly stipend no questions asked. I did luck out for a year or two as I did have the foresight to invest in funds that were paying 20% interest, but reinvested it rather than taking it out. It's totally amazing how compound interest amasses in a very few years. Cannuckhead could have done the same thing I did but he just never had the smarts or ambition or ability to hold down a good paying job, so now he's crying the blues.

Public service jobs are the iron rice bowl. You are of the lucky elite and most Canadians of our generation don't get a fraction of the benefits that civil servants are "entitled" to. We pay for them, though ... yours, anyway.

 

[Cannuck]

.. The trough has been good to me...

Yes. That's what I've been saying. It's nice to see a senior finally admit it.

 

[Tecumsehsbones]

Public service jobs are the iron rice bowl. You are of the lucky elite and most Canadians of our generation don't get a fraction of the benefits that civil servants are "entitled" to. We pay for them, though ... yours, anyway.

It's that way down hereabouts, too. The weird part is that government-job benefits used to be middle rank. Now they're the gold standard. And it ain't because they've improved.

 

[taxslave]

It's that way down hereabouts, too. The weird part is that government-job benefits used to be middle rank. Now they're the gold standard. And it ain't because they've improved.

Once upon a time we had lots of industry. Big companies with thousands of employees. All with a pension plan you could live on after 30 years of contributions.Government employees mostly didn't make a huge wage but had a lifetime job with a good benefit package. Now they have the high paying jobs with the solid gold benifits and we mostly have mcjobs.

 

[Cannuck]

Once upon a time we had lots of industry. Big companies with thousands of employees. All with a pension plan you could live on after 30 years of contributions.Government employees mostly didn't make a huge wage but had a lifetime job with a good benefit package. Now they have the high paying jobs with the solid gold benifits and we mostly have mcjobs.

Too bad you weren't smarter. You could get one of those good jobs

 

[taxslave]

I don't know how it is in the US$ that taxpayers was has hippies but here it is the municipal employees that have made out like gangbusters.

 

[DaSleeper]

Yeah, that thread did shut him up for a few minutes.............just had to take some time to try to figure out more bull shit! He's too bloody stupid to see that when he becomes a senior, people are going to remember all the shit he raised and will probably be right there to meet him when he cashes his O.A.P. cheque. I wonder how he's going to explain how he's different from the rest of us.

People don't cash cheques anymore, it gets deposited right in your bank account.

 

[Tecumsehsbones]

Once upon a time we had lots of industry. Big companies with thousands of employees. All with a pension plan you could live on after 30 years of contributions.Government employees mostly didn't make a huge wage but had a lifetime job with a good benefit package. Now they have the high paying jobs with the solid gold benifits and we mostly have mcjobs.

Ain't the free market wonderful?

 

[captain morgan]

Ain't the free market wonderful?

The over regulation and perpetual reliance on the private sector through never ending tax increases on this sector has resulted in corps finding more and more efficiencies to offset the gvt's actions.

The simple reality that it is far more profitable for NorAm companies to outsource as much of their ops as possible is testament to the negative impact(s) of gvt actions

 

[Tecumsehsbones]

The over regulation and perpetual reliance on the private sector through never ending tax increases on this sector has resulted in corps finding more and more efficiencies to offset the gvt's actions.

The simple reality that it is far more profitable for NorAm companies to outsource as much of their ops as possible is testament to the negative impact(s) of gvt actions

You're right. Back in the days of effectively zero regulation, corporations were so kind to their employees! High wages, excellent benefits, and gold-plated pensions! It's all the lazy spongers and corrupt bureacrats that made it impossible for the benevolent, angelic corporations to keep taking care of their people.

 

[captain morgan]

The pendulum swinging too far at either end of the spectrum is harmful in the end.

Consider that corps like Apple or Haliburton are able to add tangible double digit increases to their bottom-line profitability by simply not repatriating the monies earned from wholly owned subs back to the US exclusively for the reason of being subject to punitive taxation in the US.

Hell, a year or 2 ago, Apple paid-out a dividend to shareholders by using cash in an Irish bank account as collateral to secure a loan in the States and paid the shareholders from that... The double whammy is that the financing on that loan is deductible.

That said, had the IRS had a nominal tax on income earned overseas, you'd see a ton of cash return to the US, pay the tax and benefit US society overall

 

[JLM]

Public service jobs are the iron rice bowl. You are of the lucky elite and most Canadians of our generation don't get a fraction of the benefits that civil servants are "entitled" to. We pay for them, though ... yours, anyway.

Don't kid yourself and maybe do a little research! We worked for years at a salary 10 - 20% less than was paid in the private sector.

People don't cash cheques anymore, it gets deposited right in your bank account.

In most cases, but you have to have an account with an established bank for it to happen. Would a reputable bank allow Anyone to have an account? If they even suspect you will be using it to launder money for instance they won't open one for you.

 

[TenPenny]

Don't kid yourself and maybe do a little research! We worked for years at a salary 10 - 20% less than was paid in the private sector.

Back in the 1960s maybe.


Since then, public sector workers are as well paid as private sector, if not better paid.

 

[DaSleeper]

Don't kid yourself and maybe do a little research! We worked for years at a salary 10 - 20% less than was paid in the private sector.




In most cases, but you have to have an account with an established bank for it to happen. Would a reputable bank allow Anyone to have an account? If they even suspect you will be using it to launder money for instance they won't open one for you.

Even prior to 2000 when I retired my pay checques were deposited to my bank account, and only the stubs were handed out on payday.
Income tax refunds, get automatically deposited.
Utilities and other monthly bills get paid directly from my account.....

You gotta get with the times son.....the only cash I carry is coffee money....the rest is plastic!

 

[JLM]

Wow, Cannuck clearly hit a nerve.

Did he? Where does it hurt? You Yanks have got to get over your thin skin! If you were up here you'd be laughed out of the country the first day.

Even prior to 2000 when I retired my pay checques were deposited to my bank account, and only the stubs were handed out on payday.
Income tax refunds, get automatically deposited.
Utilities and other monthly bills get paid directly from my account.....

You gotta get with the times son.....the only cash I carry is coffee money....the rest is plastic!

Same with us, we actually started direct deposit back in the 80s. Of course I have a credit which I do use for big purchases to get the cash back at the end of the year and also anything important I might need a receipt, but I like cash for everyday purchases. Pretty well always pay cash for groceries. Just make you a little more aware of how much you are spending. Nothing worse than a bill at the end of the month!

Back in the 1960s maybe.


Since then, public sector workers are as well paid as private sector, if not better paid.

Not really, we were working and getting paid for 7 hour days while the private sector has historically worked and got paid for 8.

 

[MHz]

That's not the lawn. It's a circa 1972 Tiki Lounge themed basement with green shag carpet, teleposts wrapped with burlap topped with coconuts and plastic palms, masks and spears hung upon wood paneled walls, a bamboo bar in front of an orange swirl effect mirror tiled wall with glass shelving.

Sounds homey, how often do you vacuum your plants?? Does the bamboo in the bar-top spin as you slide the drinks to the end of the bar??

 

[TenPenny]

Not really, we were working and getting paid for 7 hour days while the private sector has historically worked and got paid for 8.

So, you got paid for your work, just like private sector.


But you got paid as well or better than they did.

 

[MHz]

City crews are typically less efficient at projects than the private sector. They are less expensive because they don't experience 'cost over-runs' that is the life-blood of the private sector, overruns at the top-end rather than the bottom.