Pension contributions set to rise again and again and again

[MisterAsianLover]

The Ontario government introduced a labour tax that collects money, supposedly, to go toward publicly funded pension plans. The Canadian government already charges workers 9.9% tax on labour for its federal pension plan. Now, the federal government is increasing that rate. No one knows to which percentage the increase will rise, but rest assured, the tax on your labour known as CPP will rise soon. So, in other words, you will soon be paying close to 15% of all your income towards Federal and Provincial pensions.

If you took 15% of your income and invested it in the market, upon retirement, you would be a millionaire, given average salary earnings as you age. Give the government 15% and you end up with nothing close to 1 million.

So, in essence, the CPP and Ontario Pension plans are a skimming scheme designed to take more of your money and give you less in return.

And Ontarioans will vote this shit up.

Oh, BTW, with the new HOT lanes, you have to pay even more tax to get to work in order to earn the money for the government to tax you labour in the form of pension deductions.

Of course, the government will continue to run deficits because they don't tax enough, right? LOL.

Progressives have no honesty and no soul.

 

[Raiden]

It's all about taking more and more but the HOV lanes only used by 2 or more passengers I don't mind. I welcome the choice to be able to use them if I want to pay for it. As it stands now I can't use them when I'm alone in the car so really it's my choice if I want to pay.

 

[User-E]

It's all about taking more and more but the HOV lanes only used by 2 or more passengers I don't mind. I welcome the choice to be able to use them if I want to pay for it. As it stands now I can't use them when I'm alone in the car so really it's my choice if I want to pay.

I think HOT lanes are a great idea.

I don't like the idea of CPP going up though, because I have to pay double as a self employed businesswoman.

 

[Wanker]

Progressives have no honesty and no soul.

Share the wealth and say the truth. All of them not just the progressives.

 

[ZooCool]

It's all about taking more and more but the HOV lanes only used by 2 or more passengers I don't mind. I welcome the choice to be able to use them if I want to pay for it. As it stands now I can't use them when I'm alone in the car so really it's my choice if I want to pay.

If it goes through a single driver can use the HOV lanes but you have to pay for it. Greedy aren't they?.

 

[MisterAsianLover]

If it goes through a single driver can use the HOV lanes but you have to pay for it. Greedy aren't they?.

Exactly. You seem to be smart enough to understand how government behaves. It has nothing to do with reducing traffic. It is a tax grab.

If I take a three lane highway and I designate the left lane as HOV, I have just restricted traffic and created a traffic jam. I then give people the option to use the left lane that I just artificially restricted, for a fee.

If I didn't restrict the left lane use in the first place, all three lanes would be moving at their original pace. By restricting it, I created the traffic and then I am pretending to alleviate the traffic by offering a pay-per-use service.

I have said this before and I will say it again: Canadians are the dumbest people I have met in my life. They accept everything that is put upon them.

 

[Raiden]

Exactly. You seem to be smart enough to understand how government behaves. It has nothing to do with reducing traffic. It is a tax grab.

If I take a three lane highway and I designate the left lane as HOV, I have just restricted traffic and created a traffic jam. I then give people the option to use the left lane that I just artificially restricted, for a fee.

If I didn't restrict the left lane use in the first place, all three lanes would be moving at their original pace. By restricting it, I created the traffic and then I am pretending to alleviate the traffic by offering a pay-per-use service.

I have said this before and I will say it again: Canadians are the dumbest people I have met in my life. They accept everything that is put upon them.

True but the HOV's exist already but now we have a choice. If they artificially start creating HOV lanes now, then I would totally agree with you.

 

[MisterAsianLover]

True but the HOV's exist already but now we have a choice. If they artificially start creating HOV lanes now, then I would totally agree with you.

Idiot.

The HOV lanes in Scarborough were originally normal, all-use lanes.

 

[A-Legend]

If it goes through a single driver can use the HOV lanes but you have to pay for it.

You kidding me, haven't heard that one yet.