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 Post subject: Re: Wexit
Unread postPosted: November 11th, 2019, 9:26 am 
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seoulbro wrote:
Use pension plan as warning

Equalization isn’t the only financial arrangement in this country that is stacked against Alberta, the Canada Pension Plan is, too.

If Alberta withdrew from the CPP, not only could Alberta pay their own retirees more for lower contributions, the rest of the country would finally get a practical lesson in why it needs Alberta around — and why it should find a fairer deal to keep that province in Confederation. This week, Premier Jason Kenney said there is a “compelling case” for Alberta to at least look at going it alone on pensions, the way Quebec has done for five decades.

He intends to put the question of a separate APP in front of the panel of distinguished Albertans he will soon appoint to offer recommendations on how Alberta should deal with the seemingly disinterested Trudeau government in Ottawa.

It is well known in that province that Albertans contribute upwards of $20 billion more a year to Confederation than they receive back in benefits.

Of course, a country isn’t just a ledger sheet or a zero-sum calculation. They don’t have to receive back as much as thet put in. But neither should the provinces who benefit most from their generous contributions smugly deny their ability to develop their biggest industries and maintain their way of life.

Of course we’re talking about Quebec. Quebec is the primary beneficiary of Alberta's largesse. Despite the fact that it now has per capita wealth very close to the national average, the federal Liberals have increased Quebec’s equalization every year because it benefits them politically to do so. And even though the bulk of Quebec’s $13 billion or $14 billion grant each year comes from Alberta, no other province has been as hostile to Alberta pipelines or as moralistic about the environmental consequences of developing the oilsands. (OK, B.C. has been nearly as bad, but at least it isn’t as heavily dependent on our money.) The CPP is nearly as bad a deal for Alberta as equalization, though. Last year, Albertans contributed 16.5 per cent of all premiums collected by the CPP. However, Alberta is just 11.6 per cent of the national population. Worse yet, their seniors received just 10.6 per cent of the payments made. That’s a gap of 56 per cent. According to Vancouver’s Fraser Institute, over the past decade Albertans have chipped in $27 billion more than they have taken out of CPP. Unlike equalization, this gap isn’t the result of some political manipulation designed to keep Liberal-voting regions of the country happy. It’s because was have the youngest population in the country and the highest incomes. We simply have more people making solid livings than we have older citizens receiving payments. Still, the gap is what gives us leverage. If we took our premiums and set up our own public pension, Ottawa would either have to raise CPP contributions substantially or lower benefits significantly in the rest of Canada. Maybe that’s the kind of warning shot we should fire across Ottawa’s bow to startle them out of their complacency — even hostility — towards Alberta.

This will grab Justine by his pussy.

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 Post subject: Re: Wexit
Unread postPosted: November 11th, 2019, 11:05 am 
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How would a provincial pension plan affect people's pensions who've paid into CPP their entire working lives?


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 Post subject: Re: Wexit
Unread postPosted: November 12th, 2019, 9:29 am 
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Velvet wrote:
How would a provincial pension plan affect people's pensions who've paid into CPP their entire working lives?

Former Alberta NDP premier Rachel Notley accused Jason Kenney of putting Albertans pensions at risk. This means the NDP leader has more faith in Ottawa politicians and bureaucrats to manage our retirement savings. How naïve.)

Last year, Albertans contributed 16.5 per cent of all premiums collected by the CPP. However, our seniors received just 10.6 per cent of the benefits.

Naturally, some questions arise whenever anyone floats the possibility of transferring billions of public dollars from one fund manager to another.Quebec has never been part of CPP, so there's no precedent for what has been proposed by Kenney.

My best guess is that Alberta funds in CPP would be transferred to a provincial crown corporation that also manages their Heritage Fund. I would imagine the transfer of benefits would be gradual with current Alberta recipients continuing in CPP.

As for benefits, Alberta's pension plan would be superior for pensioners than CPP.

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 Post subject: Re: Wexit
Unread postPosted: November 12th, 2019, 5:19 pm 
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Our premier is getting pissed off with Justine's bullshit.


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 Post subject: Re: Wexit
Unread postPosted: November 12th, 2019, 5:44 pm 
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CPP would be fucked without Alberta.

https://nationalpost.com/news/canada/al ... ZzJTQLcrQc
In 2017, 16.5 per cent of all CPP contributions came from Alberta workers, while just 10.6 per cent of CPP expenditures made their way back to the province. The difference between what was paid in and paid out was $2.9 billion in 2017, the most recent year for which data are available. (Alberta paid in $8.1 billion and received $5.2 billion.) Between 2008 and 2017, Albertans have contributed $27.9 billion more to CPP than retirees in the province have received back.

Were Alberta to drop out of the CPP, other provinces would have to pick up the slack by raising individual contribution rates. Were the province to withdraw, Albertans could pay as low as 5.85 per cent into an Alberta pension plan, while the rest of the country would need to up their contributions from 9.9 per cent (the 2017 contribution rate) to 10.6 per cent, the study says. The federal government already raised the contribution rate (shared equally by employers and employees) to 10.2 per cent in January, and plan to increase it to 11.9 per cent by 2023.

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 Post subject: Re: Wexit
Unread postPosted: November 13th, 2019, 8:17 am 
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The premier of Alberta stated that any major change recommendations that come from the Fair Deal panel must be ratified by a majority of the people in that province.

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 Post subject: Re: Wexit
Unread postPosted: November 13th, 2019, 5:27 pm 
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Image

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 Post subject: Re: Wexit
Unread postPosted: November 14th, 2019, 6:08 am 
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seoulbro wrote:
The premier of Alberta stated that any major change recommendations that come from the Fair Deal panel must be ratified by a majority of the people in that province.

I imagine that would be in 2021 combined with a referendum on equalization.

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 Post subject: Re: Wexit
Unread postPosted: November 17th, 2019, 2:21 pm 
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'I’ll put money on it': Political analyst predicts Wexit candidate wins a byelection

https://saskatoon.ctvnews.ca/mobile/i-l ... 7pIAG24Dq0
A political analyst at the University of Saskatchewan is predicting a Wexit candidate will succeed in a byelection, if one gets called in Saskatchewan or Alberta.

“If there’s a byelection in Alberta or Saskatchewan, there’ll be a Wexit candidate. My prediction is, and I’ll put money on it, is that Wexit candidate wins,” Greg Poelzer said.

“The sentiment is that strong.”

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 Post subject: Re: Wexit
Unread postPosted: November 17th, 2019, 4:40 pm 
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Herman wrote:
'I’ll put money on it': Political analyst predicts Wexit candidate wins a byelection

https://saskatoon.ctvnews.ca/mobile/i-l ... 7pIAG24Dq0
A political analyst at the University of Saskatchewan is predicting a Wexit candidate will succeed in a byelection, if one gets called in Saskatchewan or Alberta.

“If there’s a byelection in Alberta or Saskatchewan, there’ll be a Wexit candidate. My prediction is, and I’ll put money on it, is that Wexit candidate wins,” Greg Poelzer said.

“The sentiment is that strong.”

That would be something.

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 Post subject: Re: Wexit
Unread postPosted: November 17th, 2019, 5:25 pm 
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Provincial pension plan holds 'substantial benefit’ for Albertans, internal AIMCo report shows

By withdrawing from CPP, Albertans would see “a substantial benefit” as their costs to contribute to a provincial plan would drop, states the report, obtained by Postmedia.

The 19-page analysis was completed in September and calculates a sustainable pension contribution rate would fall to 7.21 per cent (and possibly lower) from current CPP base plan levels of 9.9 per cent, if an Alberta plan was established.

“An Alberta pension plan would lower contributions … relative to current CPP contributions for an equivalent set of benefits,” the report states.

Kenney said about $40 billion of Alberta premiums could be repatriated, while AIMCo, a provincial Crown corporation, would administer a provincial pension fund.

Alberta clearly has the population best suited to sustaining a pay-as-you-go pension plan with its high working-age population and relatively low retired population share,” it states.

Depending on how much would be transferred into the Alberta pension plan from CPP, a larger amount ($54.5 billion) would mean Alberta’s sustained contribution rate could be as low as 6.85 per cent, according to the study.

“This is … a substantial benefit for Albertans, reducing the effective level of taxation within Alberta and increasing Alberta’s tax advantage,” the report states.

If Alberta withdrew from the Canadian plan, contribution rates in the rest of the country would need to rise to 10.41 per cent, according to the report.
https://calgaryherald.com/opinion/colum ... nmqW4ShTwQ

An APP could be the envy of the nation.

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 Post subject: Re: Wexit
Unread postPosted: November 17th, 2019, 8:28 pm 
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This is a good idea if Alberta and Saskatchewan pulled out of EI completely and created our own EI system.

https://www.cbc.ca/amp/1.4493365?fbclid ... b90JJ3a7nU
Alberta could create its own EI system to cover high-wage earners in volatile industries, report says

Maximum payouts for laid-off workers are based on national averages but Albertans earn 20% more

High-wage workers are under-covered by Canada's employment insurance system and should have a voluntary top-up option, according to a new research paper from the University of Calgary's School of Public Policy.

And, if the federal government won't do it, provinces like Alberta should consider creating their own parallel EI system, say the paper's authors.

That's because Albertans make significantly more money than people in the rest of the country but, when they lose their jobs, their maximum EI benefits are based on national income levels,

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 Post subject: Re: Wexit
Unread postPosted: November 18th, 2019, 6:32 pm 
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Wexit Saskatchewan gathers signatures to form new party
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 Post subject: Re: Wexit
Unread postPosted: November 19th, 2019, 6:13 pm 
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I like Jay Hill.

https://www.westernstandardonline.com/2 ... ZMNIoiZl8I

NEWSHarper Cabinet Minister calls on Premiers Kenney & Moe to hold immediate independence votes
Former Stephen Harper Government House Leader and long-time Reform/Conservative Party MP Jay Hill has come out swinging for an immediate move towards Western independence.

CALGARY, AB: Former Stephen Harper Government House Leader and long-time Reform/Conservative Party MP Jay Hill has come out swinging for an immediate move towards Western independence.

Hill called on Alberta Premier Jason Kenney and Saskatchewan Premier Scott Moe to immediately table legislation in their respective provinces for debate, leading to a referendum on independence from Ottawa.

“Premiers Kenney and Moe should have been prepared to table legislation to trigger an independence referendum in the worst case that Trudeau was re-elected,” said Hill. “They should have already debated this in their caucuses beforehand, and be debating this in the legislature right now.”

Hill said he strongly backs Kenney and Moe and how they have governed, and believes that they will come around to support independence in short order.

“I believe that the Saskatchewan Party and UCP will respond if there is sufficient pressure from their constituents.”

While Hill supports the two allied premiers, he said that if they refuse to come around to independence that he may turn his support to a newer party to carry the flag, but that he believes it will not be necessary.

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 Post subject: Re: Wexit
Unread postPosted: November 19th, 2019, 6:21 pm 
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If anyone gets a chance, read what one of the country's most respected tax accountants has to say about Wexit.

https://business.financialpost.com/opin ... IDQqseAHWg

Jack Mintz: Alberta has better reasons to Albexit than Britain did for Brexit
Whatever negatives Alberta would face are easily swamped by the positives that would come with separation

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 Post subject: Re: Wexit
Unread postPosted: November 19th, 2019, 8:46 pm 
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Herman wrote:
If anyone gets a chance, read what one of the country's most respected tax accountants has to say about Wexit.

https://business.financialpost.com/opin ... IDQqseAHWg

Jack Mintz: Alberta has better reasons to Albexit than Britain did for Brexit
Whatever negatives Alberta would face are easily swamped by the positives that would come with separation

Jack Mintz is on board. ac_wot

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 Post subject: Re: Wexit
Unread postPosted: November 20th, 2019, 6:40 pm 
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Aint that special. Quebec loves the West(gone).
Image

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 Post subject: Re: Wexit
Unread postPosted: November 20th, 2019, 6:48 pm 
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Herman wrote:
Aint that special. Quebec loves the West(gone).
Image

Quebec wants us gone..
ac_wot
Do they know that means an end to equalization transfers to that province.

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 Post subject: Re: Wexit
Unread postPosted: November 20th, 2019, 7:11 pm 
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Bring on an AB/SK pension plan.
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 Post subject: Re: Wexit
Unread postPosted: November 20th, 2019, 7:54 pm 
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Herman wrote:
Bring on an AB/SK pension plan.
Image

This is a powerful bargaining chip for Alberta.

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