Monday, January 6, 2014

Pension Reform is no longer a Sleeper Issue - Response to Editorial


Vincent J. Curtis
 
30 Dec 2013
 
 
 
Sirs;
 
Stripped to its bare bones, this editorial calls upon Finance Minister Jim Flaherty to blow a massive hole in the Federal budget in order to aid Kathleen Wynne’s re-election effort.

 

If Flaherty were to do as you want, Lynne would take the credit as having forced the heartless Conservatives to do the right thing.

 

You skate past the fact that what Lynne wants is a massive transfer of wealth from the young to the old and foolish, people who never saved for their retirement.  But even the old and rich would be given money from the young because they too were forced to contribute to the CPP when they worked.

 

Charity is not Kathleen Wynne’s motivation.  Re-election is.  The CPP issue from her is a red herring.  The CPP is not provincial business.

 

If you want to be charitable, think of today’s young who have mortgages, who have children in school, and who have their own retirement to save for.
-30-

 

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