People don't place their trust in government or company pension plans; they have to be self-reliant.
The system is not intended as a substitute for private savings, pension plans, and insurance protection. It is, rather, intended as the foundation upon which these other forms of protection can be soundly built. Thus, the individual's own work, his planning and his thrift will bring him a higher standard of living upon his retirement, or his family a higher standard of living in the event of his death, than would otherwise be the case. Hence the system both encourages thrift and self-reliance, and helps to prevent destitution in our national life.
I think I'd make a pretty good president, and they have a great pension plan.
I suppose, as a politician, I should be content, for the Canada Pension Plan certainly put my name in Canada's history books, and in italics.
The only way people can repay the debt is by cutting their living standards very drastically. It means agreeing to shift their pension plans from defined benefit plans - when you know what you're going to get - into just "defined contribution plans," where you put money in, like into a roach motel, and you don't know what's coming out.
You can't have bank holding companies acting as hedge funds. You can't have them taking a million-dollar pension plan for Joe Schmo the bus driver and treat it with the same risk appetite that you treat George Soros' pocket money. It's fundamentally ridiculous.
A corporation's responsibility is to the shareholders, not its retirees and employees. Companies are doing everything they can to get rid of pension plans and they will succeed.
. . . and suddenly it hits you: Human skin is actually made up of billions of tiny units of protoplasm, called "cells"! And what is even more interesting, the ones on the outside are all dying! This is a fact. Your skin is like an aggressive modern corporation, where the older veteran cells, who have finally worked their way to the top and obtained offices with nice views,are constantly being shoved out the window head first, without so much as a pension plan,by younger hotshot cells moving up from below.
Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.
In 2008, when the real estate market blew up, it principally hurt older people who saw the value of their houses go down, along with their pension plans.
Withdraw from the Canada Pension Plan. . . Collect our own revenue from personal income tax. . . Resume provincial responsibility for health-care policy. If Ottawa objects to provincial policy, fight in the courts. . . [E]ach province should raise its own revenue for health. . . It is imperative to take the initiative, to build firewalls around Alberta.
Groups are corporations now. They have pension plans. Musicians have saw the daylight.
