That includes our seniors, who built this country for their kids, and now, seem to have forgotten why they worked so hard. Here is what they get:
First up we have CPP, which everyone pays into and what you get is proportionate to what you paid in. The more you worked, and the higher your salary, the more you get. This is totally funded by you.
This is paid to anyone 65 or older, depending on income. This is totally funded by taxpayers, you do not have to pay a nickle into it to get these benefits.
As shown above, the guaranteed income supplement is also available to seniors, curtsey of the taxpayers, but is subject to income cutoffs.
It looks like one person, without any income, pulls in over $1500 a month from all the social security benefits. Two seniors could pull in around $3,000 a month without a pension! When the average Canadian looks at their pay cheque after tax, I bet they are not making much more than seniors are getting.
Try this little exercise to see how much in OAS and GIS you can expect to get depending on your income level, at around $25,000 excluding CPP and OAS your GIS runs out, but OAS is still around $500 a month.
Is this "sustainable" (a favourite lefty term)? Right now we have 4 workers for every retiree, in the next 20 years that will become a 2:1 ratio. We have a government that wants to prepare our children for the future by acting now, and the opposition and lefties are screaming bloody murder.
We can act now, or our children can be put in the same position that Greek children are in today. In Alberta, we took 20% decreases in government, education, health care, and other sectors to get rid of our debt. It was hard, but we did it.... for the next generation. If we vote the Alberta PC's in again, all that hard work will go down the tubes.
It's time for all of Canada to suck it up, and get it done, for our kids. Maybe the have not provinces should look at themselves, and their spending, and try to get off the gravy train, same goes for our First Nations. Maybe the seniors or soon to be retired, also need to save for their retirement and stop expecting our children to pay for them in their old age. Sure you worked hard all your lives, but that doesn't mean that you can now suck off the teat of the taxpayers. It's time to stop with the "I earned/deserve it" attitude, and get to the "my kids deserve better" attitude.