We’ll sell your port, but keep your grubby murdering right-wing extremist hands off my CBC!
/sarc
21 Replies to ““Why should I sell your grain?””
Asset stripping is the first step to ruin.
The only downside is a 17% MER. Did I say the “only” downside?
Another shell game. They’ll say their “investments” will not be financed through higher taxes. Instead theyll be financed through user fees. Which are taxes.
And if public pension plans decide not to invest in various government plans, will they then be ordered to by the government of “our dear leader” or if the pension plan managers want a higher payback will the government lower the payout to the pensioners to top up the pension plan managers.
I don’t understand all the ideas of how this would work but with the libtards in charge of it I don’t trust the idea.
Just another form of government debt – those pension plans aren’t giving anyone money for purposes of public service. They will only invest in these assets where they get a higher return than other competing investments. And so these assets will have to give them a return higher than what they would earn on government bonds.
This isn’t a source of funding, it’s a source of financing. And it doesn’t change who pays for it – taxpayers. Just costs more. But you can’t expect brilliant individuals such as Morneau and Trudeau to understand the difference between financing something and paying for it.
As for the pension plans quoted in the article, they are simply feathering their own nests. Check out what these guys get paid, and you’ll understand very quickly whose interests they are most concerned with.
The liberals want to institute 407 economics , Mike Harris is rolling in his grave and pissing his pants laughing.
“Mike Harris is rolling in his grave and pissing his pants laughing.”
I don’t think Mike has passed away… He is a distant cousin of mine…His mother & sister were present at a family reunion……
The use of Civil service Pension money works for me, as long as that investment is not backed by the Government….
Selling off public assets is a great idea as long as the proceeds are only used to retire debt. Anything else is the private financing of vote-buying.
Let us see now.
Would everybody agree that your money in the filthy hands of politicians is as money gone into a black hole?
Some here do like the politicians spreading other people moneys around in hope that some will spill their way.
Pretty naïve, though not surprising.
Remember when certain Martin, of Panama Shipping fame, blew the Employment insurance money and broadcasted that he solved the problem of deficit? Knowing that it was illegal. Seems that politicians can break laws without fear.
Would suggest here that to take peoples pension and blow it on schemes is exponentially more serious problem. Politicians as is evident every damned day the world over have no clue how to handle money, their only save is that they will tax the plebes more and more until there is nothing to tax.
This scheme they want to institute should be singularly illegal. They have no bloody right to play poker with other people’s pension.
Hopefully there is some rich guy that will sue their idiotic heads off.
Hey Liberal fascists, just bloody stop it.
This is what they mean by investment. I call it theft. Invest in money losing public ventures with pensioner’s money, underwritten by taxpayers. I’d love to see the actuarial work on that one. The cronies are lining up; they can’t believe their luck.
Pensions are a touchy area; this could get very hot very quickly.
Unfortunately we have a PM who doesn’t know the difference between government and business “investment,” amongst his other memes, from the heart, rather than common sense.
Bombardier still manages to cash in, so it’s OK with the Laurentianers.
I knew something like this would happen.
I feel schadenfreude creeping up.
How is everyone’s Shark Week so far?
The truth is that Canadians of all ages need to take control of their pension plans, whether government of other. I think it’s in the stars that Trudeau is bound to break Canada. The place to stop him would have been on Nov.19-2015. Most people will only realize that after they’ve gotten a letter from the bank telling that their pension cheques were NSF.
When the body starts consuming itself … It becomes rapidly crippled … and then some vital organs start going.
I have no doubt in my mind that similar to th “green” fiasco in Ontario, the bulk of the contracts handed out will be to Liberal friendly people/companies. I’m looking at you Mike Crawley (among others).
Wait until they impose the “one-time” taxes on savings over $25,000…until they need a lil more next time, and the time after, and… It’s all for the common good, right? Good thing Canadians don’t have some darn American dream enshrined in a constitution taking up valuable space that will be needed for adding collective rights making progressives more equal than others.
when I hear talk of using public pension money for any purpose I must ask, just where is that money?
Today’s Sesame Street has been brought to you by the letter “B”: bunkers, bullion, bullets, bully-beef, beans, and bottled water.
“Where it is in the public interest, engage public pension plans and other innovative sources of funding..
–
It is always in the best interest of the government liberals to use your pension funding.
And you thought that retirement money belonged to You ?? Ha.
Medicine Show Fraud, Discrete Looting, Elegant Rent Seeking.
Many names for what Barnum correctly summed
up as “there is a sucker born every minute.”
I am unsure why infrastructure can’t be paid for by the users. Normally it is. If roads don’t have enough cash to keep them in repair, raise the tax on gas and actually use it for roads instead of a cash cow. Utilities infrastructure cost have successfully been recovered from customers at least until they started switching to energy sources that don’t work. I remain unconvinced that infrastructure costs cannot be recovered unless they are so unnecessary or political that no-one would support it.
Asset stripping is the first step to ruin.
The only downside is a 17% MER. Did I say the “only” downside?
Another shell game. They’ll say their “investments” will not be financed through higher taxes. Instead theyll be financed through user fees. Which are taxes.
And if public pension plans decide not to invest in various government plans, will they then be ordered to by the government of “our dear leader” or if the pension plan managers want a higher payback will the government lower the payout to the pensioners to top up the pension plan managers.
I don’t understand all the ideas of how this would work but with the libtards in charge of it I don’t trust the idea.
Just another form of government debt – those pension plans aren’t giving anyone money for purposes of public service. They will only invest in these assets where they get a higher return than other competing investments. And so these assets will have to give them a return higher than what they would earn on government bonds.
This isn’t a source of funding, it’s a source of financing. And it doesn’t change who pays for it – taxpayers. Just costs more. But you can’t expect brilliant individuals such as Morneau and Trudeau to understand the difference between financing something and paying for it.
As for the pension plans quoted in the article, they are simply feathering their own nests. Check out what these guys get paid, and you’ll understand very quickly whose interests they are most concerned with.
The liberals want to institute 407 economics , Mike Harris is rolling in his grave and pissing his pants laughing.
“Mike Harris is rolling in his grave and pissing his pants laughing.”
I don’t think Mike has passed away… He is a distant cousin of mine…His mother & sister were present at a family reunion……
The use of Civil service Pension money works for me, as long as that investment is not backed by the Government….
Selling off public assets is a great idea as long as the proceeds are only used to retire debt. Anything else is the private financing of vote-buying.
Let us see now.
Would everybody agree that your money in the filthy hands of politicians is as money gone into a black hole?
Some here do like the politicians spreading other people moneys around in hope that some will spill their way.
Pretty naïve, though not surprising.
Remember when certain Martin, of Panama Shipping fame, blew the Employment insurance money and broadcasted that he solved the problem of deficit? Knowing that it was illegal. Seems that politicians can break laws without fear.
Would suggest here that to take peoples pension and blow it on schemes is exponentially more serious problem. Politicians as is evident every damned day the world over have no clue how to handle money, their only save is that they will tax the plebes more and more until there is nothing to tax.
This scheme they want to institute should be singularly illegal. They have no bloody right to play poker with other people’s pension.
Hopefully there is some rich guy that will sue their idiotic heads off.
Hey Liberal fascists, just bloody stop it.
This is what they mean by investment. I call it theft. Invest in money losing public ventures with pensioner’s money, underwritten by taxpayers. I’d love to see the actuarial work on that one. The cronies are lining up; they can’t believe their luck.
Pensions are a touchy area; this could get very hot very quickly.
Unfortunately we have a PM who doesn’t know the difference between government and business “investment,” amongst his other memes, from the heart, rather than common sense.
Bombardier still manages to cash in, so it’s OK with the Laurentianers.
I knew something like this would happen.
I feel schadenfreude creeping up.
How is everyone’s Shark Week so far?
http://www.macleans.ca/economy/economicanalysis/the-problem-with-using-infrastructure-to-stimulate-the-economy/
The truth is that Canadians of all ages need to take control of their pension plans, whether government of other. I think it’s in the stars that Trudeau is bound to break Canada. The place to stop him would have been on Nov.19-2015. Most people will only realize that after they’ve gotten a letter from the bank telling that their pension cheques were NSF.
When the body starts consuming itself … It becomes rapidly crippled … and then some vital organs start going.
I have no doubt in my mind that similar to th “green” fiasco in Ontario, the bulk of the contracts handed out will be to Liberal friendly people/companies. I’m looking at you Mike Crawley (among others).
Wait until they impose the “one-time” taxes on savings over $25,000…until they need a lil more next time, and the time after, and… It’s all for the common good, right? Good thing Canadians don’t have some darn American dream enshrined in a constitution taking up valuable space that will be needed for adding collective rights making progressives more equal than others.
when I hear talk of using public pension money for any purpose I must ask, just where is that money?
Today’s Sesame Street has been brought to you by the letter “B”: bunkers, bullion, bullets, bully-beef, beans, and bottled water.
“Where it is in the public interest, engage public pension plans and other innovative sources of funding..
–
It is always in the best interest of the government liberals to use your pension funding.
And you thought that retirement money belonged to You ?? Ha.
Medicine Show Fraud, Discrete Looting, Elegant Rent Seeking.
Many names for what Barnum correctly summed
up as “there is a sucker born every minute.”
I am unsure why infrastructure can’t be paid for by the users. Normally it is. If roads don’t have enough cash to keep them in repair, raise the tax on gas and actually use it for roads instead of a cash cow. Utilities infrastructure cost have successfully been recovered from customers at least until they started switching to energy sources that don’t work. I remain unconvinced that infrastructure costs cannot be recovered unless they are so unnecessary or political that no-one would support it.