- GO....I am not going anywhere
- February 08, 2012 - 19:41
I am not sure where you think I am going, but I am not going anywhere. I love Canada, and will continue to stay here an collect cheques from my US offices. I declare my income, pay taxes and enjoy my home. Civilization will definately continue without me, but until I am gone, I will continue to operate my businesses as I see fit while charging businesses hundreds of dollars per hour to advise them how to outsource work, offshore jobs and untimately do more work by paying less wages.
- February 08, 2012 - 17:51
I say scrap the OAS and enhance the GIS. OAS is redundant, costly and ineffective. It is not targeted to poor seniors - Seniors with up to $67,000 annual net income receive the full amount of OAS, and those with up to $112,000 receive a reduced amount. Why should taxpayers be forced to give money to these relatively wealthy seniors? Save money by scrapping the OAS and increasing the GIS, which is truly targeted toward lower-income seniors.
- IF you want to exclude wealthy seniors
- February 09, 2012 - 07:26
If you want to cut wealth seniors out, then be sure to NOT take their money. Social services are great when the benefit, but a system where one pays for a service that they cannot use is unjust and essentially theft. I would rather see the whole system abolished rather than pay into a system I cannot use. Taxpayers should be forced to give payments to everyone who pays into the system...Arguable, the low income seniors have paid LESS into the system, yet you think they should get the most. I have a big problem with this position.
- Mexican Rose
- February 18, 2012 - 13:46
While LANE is quite within his right to voice his opinion, for him to suggest scrapping the OAS altogether is ridiculous. Seniors with up to $67,000 net income, or those with income up to $112,000 suffer clawbacks..which in reality, I can see that, BUT if a Senior is earning $112,000. they truly don't need the OAS, yet on the other hand, very likely they were smart by contributing to RRSP's, investments, etc rather than spending their money needlessly. Should be punished for this??. NO WAY!!! There are thousands upon thousands of people who were not earning enough money to be able to contribute to RRSP's, investments, etc. They needed every dollar to support themselves & their families. There are other ways to alleviate the pressure on the OAS, but penalizing innocent people is not the way to go. There are reports after reports than quote facts & figures, stating that the OAS IS sustainable. People are starting to panic...and rightly so.
- Preventive Maintenance
- February 08, 2012 - 14:07
The OAS is universal, the GIS is based on income NOT assets. A wealthy retiree with a clever tax shelter might get both. However seniors on subsistance incomes in their own house with or without a mortgage pay no tax to the Fed/Prov govs - nice, fair - but are nailed on Municipal Property tax even though they use minimal town services. Well maybe they could sell their home -but real estate is the same as the stock market - valuation is not cash, if everybody sells the value crashes and they may not pay any capital gains tax anyway. It is not a matter whether the system is broken or not - it is vulnerable and it is plan "B" if public pension funds, (R)RSP's tied to the stock market fail. Harper know this. Change HAS to come. Make his day.
- February 08, 2012 - 12:51
Again, the point is missed all around. Until you change how money works, you can change nothing. FIAT currency, Fractional Reserve Banking and Compound interest need to end. The banking elite need to lose their monopoly on the worlds monetary systems and people need to take a stand and back their currencies with tangible things like Gold or Oil. You can't create more money than there is energy to service that debt. Money is Debt. Plain and simple. If you don't know what money is than how can you debate whether we should pay more or less taxes. We wouldn't have taxes at all only for the fact that the sum of every canadian dollar is less than amount owed to the central banks who loaned us that money at interest. This is slavery without chains and Harper is a massa, so is bernanke, so is Obama etc. etc.
- February 08, 2012 - 08:36
All we need to do is double the taxation on corporations.
- February 08, 2012 - 17:54
Great idea. Then corporations will flee Canada, pay their taxes in other countries, and also lay off hundreds of thousands of taxpaying workers, leaving Canada broke. It's horrifying that some people think raising tax rates through the roof always results in more revenues. So often the opposite is the case.
- State funded retirement is broken, so I keep my money out of the pool
- February 08, 2012 - 07:53
From the artice: "Corporations must pay less taxes. Unions must have less leverage..... “how to protect everyone else from the tsunami of geezers that’s about to crash on our shores and suck the wealth of future generations out to sea.”............................................................The two above points raise serious concerns. First, corporations must pay less taxes. I move jobs out of Canada becuase I pay less takes in the US. WHy would I pay more whenI could pay less? I wont. Second, unions must have less leverage. Right again. Not only do I not want to negotiate with unions, I don't want to spend time negotiating, and don't want to pay negotiatiors. I just want to list the wage as a take-it or leave it, and those who take it will work, and those who don't will not work. Canada give unions legal right to force me to spend MY money of negotiating and negotiators, so I choose not to operate in Canada. Lastly, the pension system is broken....the will be more people collecting than paying. SO what I have done is set my self as a contractor and set up an EPSP Trust.....so instead of putting my money in a pool that is shared among Canadians, MY money goes into a pool that is just for me. That way, I control the investments, and rather than contributing to a pool for everyone, I am in a pool just for me. That means that when the boomers break the pension system, I will be unaffected.
- February 08, 2012 - 12:47
Then quit whining and go. Civilisation will continue without you.
- February 09, 2012 - 22:31
Makes sense to me.