I agree completely that the Federal Government needs to stay out of the CPP's business. It's not broken; don't try to. But I remain of the option that until the governments of the G20 get together and decide to put a stop to the corporate rape of the taxpayer in the form of ridiculous subsidies that create pitifully few jobs, and are nothing more than a transfer of taxpayer dollars to shareholders, the concept of democracy is in peril. The multinational corporations and billionaire class have turned themselves into a "modern royalty", using the government of the day as their tools. We are rapidly running out of time to stop this, and restore the concept of responsible government serving the people; not the governments corporate masters.
This is an excellent argument for government sticking to what it does best. It may be insanely hard for large governments to harness, say, technology in the service of productivity (https://www.theaudit.ca/p/government-productivity-after-four), but it's not all hopeless.
Well, ok then, great good luck to Mr Poloz in this endeavor. I’ve always respected him; but I’ll wait & see if his experience & wisdom is appreciated & applied or if he bends to the Liberal sanctimony. His reputation hangs on how he negotiates the Liberal mess. (Can’t believe this scandal-ridden gov’t actually snagged him. Others have quietly backed away from being muddied.)
Great article and it makes me think about the Alberta initiative to transition from the CPP, to an Alberta pension plan. I wonder if the Alberta proposal is really an attempt to change the plans investment model to focus more on Alberta energy companies, something the CPP may have transitioned away from.
I was willing to listen to Smith on removing Alberta from the CPP but the mention of financially backing local industries definitely made me worry. The history of governments picking winners is more bad than good. I remember the Getty years. All bad.
I don't know anything about that, but would be interested to look into it. The pension surplus issue in the private sector context is well known from the Conrad Black Dominion Stores situation.
I agree completely that the Federal Government needs to stay out of the CPP's business. It's not broken; don't try to. But I remain of the option that until the governments of the G20 get together and decide to put a stop to the corporate rape of the taxpayer in the form of ridiculous subsidies that create pitifully few jobs, and are nothing more than a transfer of taxpayer dollars to shareholders, the concept of democracy is in peril. The multinational corporations and billionaire class have turned themselves into a "modern royalty", using the government of the day as their tools. We are rapidly running out of time to stop this, and restore the concept of responsible government serving the people; not the governments corporate masters.
This is an excellent argument for government sticking to what it does best. It may be insanely hard for large governments to harness, say, technology in the service of productivity (https://www.theaudit.ca/p/government-productivity-after-four), but it's not all hopeless.
Well, ok then, great good luck to Mr Poloz in this endeavor. I’ve always respected him; but I’ll wait & see if his experience & wisdom is appreciated & applied or if he bends to the Liberal sanctimony. His reputation hangs on how he negotiates the Liberal mess. (Can’t believe this scandal-ridden gov’t actually snagged him. Others have quietly backed away from being muddied.)
Mr. Poloz is a firm believer in doing what is best for the country, so I am quite sure that is why he accepted this mandate.
Great article and it makes me think about the Alberta initiative to transition from the CPP, to an Alberta pension plan. I wonder if the Alberta proposal is really an attempt to change the plans investment model to focus more on Alberta energy companies, something the CPP may have transitioned away from.
I was willing to listen to Smith on removing Alberta from the CPP but the mention of financially backing local industries definitely made me worry. The history of governments picking winners is more bad than good. I remember the Getty years. All bad.
I'm still smarting from the $30 Billion the Feds drained out of the military pension plan "surplus" in 1999. Whatever happened to that lawsuit?
I don't know anything about that, but would be interested to look into it. The pension surplus issue in the private sector context is well known from the Conrad Black Dominion Stores situation.
Ah, Erin. You've been away too long already. Navs rule.