www.armstrongeconomics.com
The worldwide pension crisis is the next great notch in the belt of
the collapse of socialism. If anyone in the private sector promised
workers pensions and did not fund them, they would go to jail and be
labelled as a fraud. Yet, this is standard operating procedure for
government. Government claims to be some hero for reforming a Ponzi
scheme and expects to be hailed by the media whom typically gives them a
gold star.
Canadians are now being forced to save more for their retirement, and
it does not matter what they want to do personally. As always, the scam
involves forcing others to pay more so they can pay today what they
promised. Ultimately, what they have done to Canadians is compel changes
to benefits from 25% of covered earnings to a third. They also raised
the ceiling on covered earnings from what would have been $72,500 in
2025 to $82,700. The bottom-line is rather stark. Some Canadian workers
will actually be paying as much as 40% more in CPP contributions by that
date.
There is no way they want to revisit this issue again because it
created too much kick-back. So the Trudeau government has proclaimed the
crisis is over and all is well. These schemes are outright illegal in
any private context. This is why Obamacare is also collapsing. He sought
to FORCE the youth to buy health insurance that they did not need to
pay for others who couldn’t afford it. The scheme is always the same:
take from one pocket to pay another.
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