- National Post editorial board: A sweet deal for grandpa
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We're generally reluctant to take New Democratic policy proposals seriously. But we'll carve out an exception for Jack Layton's newly announced plans for pension reform. Public retirement-savings schemes are, by definition, socialist exercises in intergenerational wealth redistribution -- a field in which the NDP has some claim to expertise.
What we want, in this policy field, is well-run socialism. Unfortunately, it turns out that what Mr. Layton is offering are merely goodies for the oldies.
He proposes to double CPP/ QPP benefits and to increase the Guaranteed Income Supplement (GIS) so that it is technically impossible for seniors, even those who have no contribution-based entitlement to CPP/ QPP money or private savings whatsoever, to lie below Statistics Canada's low-income cut-off line. The NDP wants to weave an ultra-fine-mesh social safety net, in other words -- but only, arbitrarily, for old people.
Tuesday, October 27, 2009
Grandpa? Isn't He The Guy/Gal Who Has Been Contributing For 50+ Years..
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About Me
- Unhypentated Canadian
- I lean to the right but I still have a heart and if I have a mission it is to respond to attacks on people not available to protect themselves and to point out the hypocrisy of the left at every opportunity.MY MAJOR GOAL IS HIGHLIGHT THE HYPOCRISY AND STUPIDITY OF THE LEFTISTS ON TORONTO CITY COUNCIL. Last word: In the final analysis this blog is a relief valve for my rants/raves.
1 comment:
socialism, sometimes has it's uses no?
Ah hypocrisy, at it's finest.
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