Even though the age pattern in spending is presently out-of-whack, the government is showing progress in delivering concrete policies that will make lives better for young people
I would love to hear the globe and mail explain how their beloved Conservative party will fix this. Let me guess, reduce taxes? Ahh, now I have a house!
By what I’ve seen of Pierre Poilievre, his plan will be to steam roll and argue with journalists and never answer a question. Dude is so unlikeable, and looks like a complete snob, male Karen.
I remember during the great recession they CPC put up a bunch of signs proclaiming ‘Canada’s action plan’ while no actual plans existed.
This is still their MO, from municipal to national. They will talk loudly about how they’re solving it with no actual action. You will see a daily YouTube and Television ads talking about the Conservative Housing Action Plan, but you will never see any homes being built because of it.
The most insane part to me is that the minimum threshold to start cutting back OAS is $80,000 when it’s only $35,000 for the CCB. This should be flipped, a fundamental requirement of the CCB is that you have a whole extra person (or more) to take care of. How does it make any sense that a senior needs more than double to live on than a whole family?
Considering the median individual income in Canada is close to $45k, that’s a good point. Maybe there’s an argument that seniors have additional living expenses with healthcare or living in an assisted living or full-time care facility, but I feel like it should then be a lower OAS clawback with supports available for those with particularly high expenses.
Or we could subsidize the health care and the assisted living, etc. facilities directly. I wonder if anyone’s actually done a study on which is more expensive. (Of course, any attempt to do this would probably make certain whiny premiers raise even more jurisdictional issues.)
Some Millennials are now in their forties. “Now is the time?” Now it’s too late. These generations have missed so many milestones. We don’t need “progress in delivering policies” - whatever the hell that means. We need to afford a house, food, and other necessities for life. We want to start families of our own. At this point, we all know nothing will happen.
Don’t worry! I’m sure our habit of having amazing electoral foresight by voting in the Other Team when the Current Team upsets us too much won’t affect our future too much.
Especially since, right now, the Other Team is the business-friendly, tax-cutting-for-the-wealthy one. Once we elect them like the super geniuses we are, they will fix everything for us.
Interesting article that goes far more into depth than I was anticipating.
If you’re curious about the actual tax rates and burdens (ie when boomers were working age, there was 7 to ever 1 retiree, now we’re around 3:1) I’d recommend reading it.
There’s definitely going to be some harder times ahead regardless of how taxes are structured just because of how much older people are when they die, and all the extra healthcare burden associated with that.
Most of us in the mentally disturbed neighbor have known for years, but we’re powerless to change it because the system has always been ruled by money and, quelle fucking surprise, we have none.
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