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Cost of housing in Canada

Halifax Tar said:
I wasn't sure where to put this...

www.theglobeandmail.com

Millennials pay higher taxes for boomers’ retirement - and the burden is only going to increase

Canada’s plans for population aging run afoul of the ‘intergenerational golden rule’ and needs to be remedied
www.theglobeandmail.com www.theglobeandmail.com
Click to expand...
Start writing your CPC MP / candidate.

A CPC majority will have the power to reform the OAS/GIS system early in their mandate- but they have to know that working Canadians are demanding it, otherwise it will be too easy to kowtow to the retirees that ARE writing, that ARE donating, that ARE voting party members.
 
IKnowNothing said:
Start writing your CPC MP / candidate.

A CPC majority will have the power to reform the OAS/GIS system early in their mandate- but they have to know that working Canadians are demanding it, otherwise it will be too easy to kowtow to the retirees that ARE writing, that ARE donating, that ARE voting party members.
Click to expand...
And still a significant voting block until 2027 when millennials will be the largest voting block.

After that date I suspect boomers will be in for some rougher waters policy wise.
 
Remius said:
And still a significant voting block until 2027 when millennials will be the largest voting block.

After that date I suspect boomers will be in for some rougher waters policy wise.
Click to expand...

Seniors are a big voting block-but properly targetting OAS to trim the fat doesn't effect "seniors" writ large- it effects the ~20% that stand to lose: those in the 90-97th income percentile for 65+ that were in the clawback range, and those in the ~75-90th that would be captured by a lower one.
Income Data - in 2020 OAS Clawback range was 79k to 128k
 
IKnowNothing said:
Seniors are a big voting block-but properly targetting OAS to trim the fat doesn't effect "seniors" writ large- it effects the ~20% that stand to lose: those in the 90-97th income percentile for 65+ that were in the clawback range, and those in the ~75-90th that would be captured by a lower one.
Income Data - in 2020 OAS Clawback range was 79k to 128k
Click to expand...
I meant government policy writ large.
 
Eaglelord17 said:
It is BS I am providing welfare (as OAS IS welfare) to people making substantially more than me. If you failed to plan for retirement with a 100k+ salary/pension that isn’t my problem.
Click to expand...


Morgan Freeman Reaction GIF by MOODMAN
 
Eaglelord17 said:
It is BS I am providing welfare (as OAS IS welfare) to people making substantially more than me. If you failed to plan for retirement with a 100k+ salary/pension that isn’t my problem.
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Agreed, OAS needs significant reforms to help those who need it, there's a big difference between the well off corporate manager retiring after making 150k a year, and say my mother for example who at 57 can't retire because of financial problems caused by my abusive, alcoholic father.
 
I've had a lot of not-so-nice comments made towards me when I answer those ridiculous "Seniors shouldn't have to pay taxes as we've paid our share" memes.
When I mention we should pay more, as to make up for the debt we left the next generation, well lets just say I'm not a big hit at a party.
 
You know what's funny, I generally agree with you guys.. if you have been lazy in you're planning and are hit hard by it.. why should I pay.. but recently I have had a family member get Dementia and lose his wealth and is living off the government now. So I see both sides.

Then again I am pretty sure with our existing framework, he is covered anyways.. so maybe I should just jump on the bandwagon lol.. our taxes are wasted far to much irregardless and the fat does need trimming.

Abdullah

slips back into the shadow
 
AbdullahD said:
You know what's funny, I generally agree with you guys.. if you have been lazy in you're planning and are hit hard by it.. why should I pay.. but recently I have had a family member get Dementia and lose his wealth and is living off the government now. So I see both sides.

Then again I am pretty sure with our existing framework, he is covered anyways.. so maybe I should just jump on the bandwagon lol.. our taxes are wasted far to much irregardless and the fat does need trimming.

Abdullah

slips back into the shadow
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Is he making 100k a year and still receiving welfare?

I am not opposed to OAS in general, but the income cap needs to be lowered substantially.
 
AbdullahD said:
You know what's funny, I generally agree with you guys.. if you have been lazy in you're planning and are hit hard by it.. why should I pay.. but recently I have had a family member get Dementia and lose his wealth and is living off the government now. So I see both sides.

Then again I am pretty sure with our existing framework, he is covered anyways.. so maybe I should just jump on the bandwagon lol.. our taxes are wasted far to much irregardless and the fat does need trimming.

Abdullah

slips back into the shadow
Click to expand...

My question is why is this a government, taxpayer, problem ?

Why should this not fall on the family and charity ?

Not aimed at you @AbdullahD just in general.
 
Halifax Tar said:
My question is why is this a government, taxpayer, problem ?

Why should this not fall on the family and charity ?

Not aimed at you @AbdullahD just in general.
Click to expand...
Why? Because some politician at some point in time decided it would buy a bunch of votes from the seniors' group. As has been said many times there is only one wallet to pay for all the government assistance and that is yours./mine. The last 3 years have been classic: we are now subsidizing massive numbers of daycare spaces, drugs and dental. None of which were in the budget 5 years ago. Whereas all of these items may be nice to have, every one of them contributes to inflation and in the end, the cost of your housing.
 
Halifax Tar said:
My question is why is this a government, taxpayer, problem ?

Why should this not fall on the family and charity ?

Not aimed at you @AbdullahD just in general.
Click to expand...
Because the facilities to properly care for dementia patients aren't cheap, the one my grandmother is in sets the family back about 8k a month. Relying on charities and that isn't viable look what was discovered about care homes in Ontario during covid. The budget isn't there nor will it be.
 
MilEME09 said:
Because the facilities to properly care for dementia patients aren't cheap, the one my grandmother is in sets the family back about 8k a month. Relying on charities and that isn't viable look what was discovered about care homes in Ontario during covid. The budget isn't there nor will it be.
Click to expand...

When have we asked the taxpayer enough ?
 
Who are all these boomers that made 100,000 a year plus pensions? I doubt the vast amount of people qualify for that category
 
suffolkowner said:
wealth or income?
my house is worth more, I paid less for it. I need to sell my house to realise that wealth but then I need to still find another place to live
In 2011 how many boomers were making 100,000 a yr
Click to expand...

No idea. Try Google.
 
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