Main menu:

History of RPE Thought

Posts by Tag

RSS New from the CCPA

  • 2019 Federal Budget Analysis February 27, 2019
    Watch this space for response and analysis of the federal budget from CCPA staff and our Alternative Federal Budget partners. More information will be added as it is available. Commentary and Analysis  Aim high, spend low: Federal budget 2019 by David MacDonald (CCPA) Budget 2019 fiddles while climate crisis looms by Hadrian Mertins-Kirkwood (CCPA) Organizational Responses Canadian Centre for Policy […]
    Canadian Centre for Policy Alternatives
  • Boots Riley in Winnipeg May 11 February 22, 2019
    Founder of the political Hip-Hop group The Coup, Boots Riley is a musician, rapper, writer and activist, whose feature film directorial and screenwriting debut — 2018’s celebrated Sorry to Bother You — received the award for Best First Feature at the 2019 Independent Spirit Awards (amongst several other accolades and recognitions). "[A] reflection of the […]
    Canadian Centre for Policy Alternatives
  • CCPA-BC welcomes Emira Mears as new Associate Director February 11, 2019
    This week the Canadian Centre for Policy Alternatives – BC Office is pleased to welcome Emira Mears to our staff team as our newly appointed Associate Director. Emira is an accomplished communications professional, digital strategist and entrepreneur. Through her former company Raised Eyebrow, she has had the opportunity to work with many organizations in the […]
    Canadian Centre for Policy Alternatives
  • Study explores media coverage of pipeline controversies December 14, 2018
    Supporters of fossil fuel infrastructure projects position themselves as friends of working people, framing climate action as antithetical to the more immediately pressing need to protect oil and gas workers’ livelihoods. And as the latest report from the CCPA-BC and Corporate Mapping Project confirms, this framing has become dominant across the media landscape. Focusing on pipeline […]
    Canadian Centre for Policy Alternatives
  • Study highlights ‘uncomfortable truth’ about racism in the job market December 12, 2018
    "Racialized workers in Ontario are significantly more likely to be concentrated in low-wage jobs and face persistent unemployment and earnings gaps compared to white employees — pointing to the “uncomfortable truth” about racism in the job market, according to a new study." Read the Toronto Star's coverage of our updated colour-coded labour market report, released […]
    Canadian Centre for Policy Alternatives
Progressive Bloggers

Meta

Recent Blog Posts

Posts by Author

Recent Blog Comments

The Progressive Economics Forum

Ten things to know about the CPP debate

This fall, Canada’s Parliament will debate a proposal to expand the Canada Pension Plan (CPP).  And over at the Behind the Numbers web site, I’m co-author of a blog post titled “Ten things to know about the CPP debate.” The blog post’s other co-authors are Allan Moscovitch and Richard Lochead.

Points raised in the blog post include the following:

-CPP covers a smaller percentage of a retired person’s income than similar schemes in most OECD countries.

-CPP helps reduce poverty in Canada, but it doesn’t provide any of its beneficiaries with sufficient retirement income.

-CPP’s former Chief Actuary has proposed an expanded CPP scheme that would almost eliminate the need for private pension schemes in Canada.  This proposal has been virtually ignored by most of Canada’s elected officials and journalists.

The link to our full blog post is here.

Enjoy and share:

Comments

Comment from Larry Kazdan
Time: October 29, 2016, 9:19 pm

1. Kudos For The Payroll Tax Holiday, Let’s Make It Permanent

http://www.businessinsider.com/kudos-for-the-payroll-tax-holiday-lets-make-it-permanent-2010-12

“The real purpose of the payroll tax is NOT to “fund” a “pay as you go” scheme, but to prevent wage earners from consuming all the output, so something is left for those who do not work. Today we are far below full employment, so we do not need to reduce consumption of current workers—rather we need to put more people to work to produce goods and services for the elderly. If we should ever get to full employment, then we will need higher taxes.”

2. Pension Funds Are So Big They’ll Create A Bubble In Any Market …
http://www.businessinsider.com/pension-fund-bubble-creators-2010-9

“To conclude, pension funds are so large that they
will bubble-up any financial market they are allowed
to enter—and what goes up must come down. The problem
really is that what Hyman Minsky called managed money
(including pension funds, sovereign wealth funds,
university endowments, money market funds, etc), taken
as a whole, is simply too large to be supported by the
nation’s ability to produce output and income
necessary to provide a foundation for the financial
assets and debts that exist.

***

What we now need to realize is that the Social Security leg of our retirement stool will play the biggest role for most of tomorrow’s seniors. Effectively what Social Security will do is to tax tomorrow’s workers so that they cannot consume all of tomorrow’s output. And it will pay benefits to tomorrow’s seniors so that they can buy some of tomorrow’s output. Exactly how that division of tomorrow’s output will be made is a decision that must be made by tomorrow’s voters. All that we can do today is to try to keep our economy strong, educate our young people so that they will be productive tomorrow, and improve our longest-lived public infrastructure.”

Write a comment





Related articles