Canada’s “senior promise” is starting to look like a glorified ponzi scheme. Why the Baby Boomers need to step up and fix it — and why Mark Carney can convince them to do it. #cdnpoli
The prime minister ought to challenge the most self-interested generation in history to step up for their country — elbows and all — and make a sacrifice.
Absolutely! I am one of those Baby Boomers and we absolutely need to step up and lift others out of poverty and help make way for a much better future for our young people.
This isn’t a great take, Max. The fact is boomers’ life expectancies will like drop significantly due to Covid so their kids will inherit sooner than expected. In any case, we need to deal with income inequality across the generations. Fanning divisions isn’t helpful.
I thought that the Income Tax claws back OAS at some income level
As a CNO subscriber, a youngish boomer and a person who mostly likes your pieces, I urge you to read all the reaction comments on CNO. A lot of boomers are in precarious financial and/or healthcare situations.
Thanks. Comments here are probably what you’d expect, but I liked it
Here we go, everyone else has to make sacrifices. Just not corporations, banks, grocery stores and the list goes on. It's always the people that have the least that they ask to make the sacrifices. While provinces spend health care money on roads to nowhere. Fuck that noise.
I saw this again in my feed and thought I'd mention Carney is the guy who cancelled the Capital Gains tax increase.
But sure, maybe you can talk him into going after retired middle income boomers. Whose votes he depends on.
Prime Minister Mark Carney says he will cancel the proposed hike to the amount of capital gains that are subject to tax introduced by Justin Trudeau's government.
Seniors are the fastest-growing segment of the homeless population in Canada. This trend is driven by rising housing costs, inadequate retirement incomes, and health challenges.
Give the blame baby boomers myth a rest. Capitalism is the problem. www.ctvnews.ca/canada/artic...
In major cities across the country, those who provide shelter and services for people who are homeless say they are seeing more elderly people turn to them for help.
I agree with the other commentors that framing this as a generational war isn't the way to go. I'm a tail-end Boomer and I know a few people who live very close to the poverty line. Those who are renters are at the mercy of their grandfathered-in leases. 1/2
