Remember if you die before retirement your family gets literally nothing. If you die after retirement your spouse gets half. Terrible risk compared to a private option.
LOL please tell me more about this "great asset", an asset so great that I could theoretically contribute to it for 40 years but, if I end up dropping dead at age 65.1, would end up getting essentially zero (excluding the pitiful 'survivor's pension')
If you drop dead at 65.1 you also get essentially zero of any of your other retirement assets, since you're dead
What an r-slur reddit tier comment.
If it's such a great investment why does it need to be mandatory?
So it can function as a ponzi scheme if need be
Because not everyone has the sense or willpower to save for the years they cannot work. In a country with a social safety net, you and I would otherwise be paying for those people's retirement. I'd prefer they fund it themselves.
A lot of anti-socialism folks tend to hate on the CPP but the alternative is even more socialist.
I don't know a single person who relies on their CPP who doesn't also need some other form of welfare.
So they should just say that. Why lie about it being a good "asset." It's not even an asset, it's a liability for workers and it pays out only if you live long.
And that's assuming the government still wants to pay you out by the time you retire. There's no guarantee they don't just scrap the program and take the money for something else.
All good points.
It's absolutely an asset. Yes, it has uncertain returns. Many assets do.
It's an "asset" you can't barrow against, can't withdraw from until the gov says so, can't be passed on to your next and kin and disappears entirely if you die.
This is kinda how I see it as well.
Personally, I fricking hate the CPP. I'd get far better returns investing that money myself. With that being said, I understand its existence, because I also understand how truly idiotic some people are with money.
Just look at how many elderly people right now rely/relied solely on CPP to fund their retirement, it's a joke. If there was no CPP, then sure, some would have saved that money… but lots would be fricked and be a huge bane on our social services if there was no system in place.
Then stop being a cuck and do what 95% of all !leafs do and commit tax fraud.
How is this an asset. I can't borrow against it. I can't sell it. I can't pass it on to my children. It is not included in my net worth.
/u/Long_Ad_2764 asking the real questions!
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CCP is a huge scam but at least it forces low income r-slurs to save for their own retirement. The alternative is that the rest of us pay for their bad decisions.
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You realize all those r-slurs are cheating their taxes and not paying into cpp right? Even if they do 800 a month per person is nothing, they'll still need other forms of welfare
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You only get money out of it if you put money in, I'd prefer the alternative of them working forever but cucked leafs would never allow that. At least this forces them to foot some of the bill, a forced investment account would be way better imo
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It's worthless, and if it's really for helping idiots, it wouldn't be mandatory. (It's another tax; not sure why so many cope about this).
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Eh I mean idiots wouldn't pay into it even if it was obvious it helps. The whole point is that they're not forward thinking and will try to retire with $0 in their pocket. That being said the returns are abysmal and I wouldn't pay into it if I didn't have to.
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No, what I mean, if it really was for helping idiots, then they'd design to accomplish that goal. It wouldn't be mandatory, and if you didn't have a savings account, you'd be required to contribute to social security. And the SS account would be an actual savings account instead of some non-existent account of unknown value that pays out at an unknown time.
It's just another tax gussied up as "helping others." Decades ago it was billed as something that would pay for itself, and then the legislative branch pilfered it. There is actual savings coming from it. It's a tax used for other things, with some revenue being transferred to a few people.
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is this like, canadian social security?
then maybe these people should just suffer?
if you don't save for retirement you're r-slurred, full stop. we live in the age of the goddarn mobile computer
and people still want to act like they have some kind of excuse for financial illiteracy
![:marseygigaretard: :marseygigaretard:](https://i.rdrama.net/e/marseygigaretard.webp)
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Everyone wants socialism when it benefits them but no one wants socialism when it benefits others more. Curious!
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We share the successes but not the failures, comrade.
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Go back to /r/Sino, CCP shills!
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The CPP is like a seatbelt; only r-slurs need them.
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CPP? Yeah i see pp![:marseypenis: :marseypenis:](https://i.rdrama.net/e/marseypenis.webp)
Honestly for all its faults it a good safety net from having to take filial responsibility for braindead r-slur boomer parents. At least this way you can shove the puddingheads in a home and forget about them
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lmao no way are you finding a home in canada for 800 a month
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That might be just an MB thing then. MB housing runs what amounts to subsidized puddinghead purgatories.
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CPP doesn't grind my gears nearly as much as OAS does, absolutely loathe that one.
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Explain to a burger
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I pay thousands of dollars a year for 2% returns so that mahmoud and cleutus have a small amount of income in their retirement, despite their complete lack of fiscal planning.
Basically I would need to live for over 100 years into my retirement for the CPP to be equivalent to what I could have earned if I just invested it myself.
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Canada's social security, rules on it suck (doesn't pay much, if you die before 65 your family gets nothing, if you die past 65 your spouse gets 60% at most)
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Well, then don't die, idiot![:marseyfacepalm: :marseyfacepalm:](https://i.rdrama.net/e/marseyfacepalm.webp)
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That's not the point, it's about ethics in games journ*lism.
Snapshots:
https://old.reddit.com/r/canada/comments/1b3yp3q/cpp_is_one_of_the_best_retirement_assets_money/?sort=controversial:
undelete.pullpush.io
ghostarchive.org
archive.org
archive.ph (click to archive)
/u/Long_Ad_2764:
ghostarchive.org
archive.org
archive.ph (click to archive)
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