Monday, July 18, 2011

Pension Madness

The solution to the looming pension crisis is obvious, expand the CPP's scope to help out the self employed. But, that would mean government involvement (horror of horrors!) and as we all know, this government hates government. It hates it so much, it is willing to throw the self employed into the loving hands of the banks, who will skim off a good percentage and risk their retirement savings in the casinos of Wall and Bay Streets. This is a stupid, ideologically driven "solution" that will enrich the banks and not much else. But, it is acceptable to Alberta, so it is the only option being considered.

Update: A new study backs the most reasonable approach to pension reform. It will of course, be ignored because it is reality based.
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