Alberta Separatism is starting to go mainstream

[vengie]

I'm in.

[rage2]

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The only point of all this that is sticky is how interprovincial migration works going forward.

As the province everyone wants to move to, we will need to understand that in detail.

Dont want our kick ass pension diluted every time an Eastern Creep / Bum moves here

How does Quebec work?

[killramos]

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How does Quebec work?

No one moves there or leaves

[suntan]

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How does Quebec work?

Quebec never joined because at the time they were experiencing a baby boom. Well that stopped and people started leaving, so now QPP contributions are higher than CPP amounts.

[max_boost]

pulling out is generally the right move, right

[ExtraSlow]

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No one moves there or leaves

No students go there now either. It's like a wall

[killramos]

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No students go there now either. It's like a wall

A wall made of money. I like it

[rage2]

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Quebec never joined because at the time they were experiencing a baby boom. Well that stopped and people started leaving, so now QPP contributions are higher than CPP amounts.

That’s basically true for everyone at some point anyways isn’t it? We’re living longer, and people having less kids in the developed world? Canada claimed to have fixed the Ponzi scheme model by… jacking our contributions 20 years ago which ironically is the essence of keeping Ponzi scheme running model haha. APP or not, we’re doomed, and APP just extends the inevetible a bit since we still have a much better worker to retiree ratio than others today.

Does the math play out at all if we get enough of a chunk back from cpp that we can turn it around into an investment model rrsp style and not a continued Ponzi scheme? I’m guessing not if nobody is talking about it.

[killramos]

I just assume CPP won’t exist by the time I’m retired, so anything that reduces the amount I am forced to pay between now and then is a win in my books.

I could care less if the APP is solvent. If premiums are lower that’s a win.

[kertejud2]

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ThatÂ’s basically true for everyone at some point anyways isnÂ’t it? WeÂ’re living longer, and people having less kids in the developed world? Canada claimed to have fixed the Ponzi scheme model byÂ… jacking our contributions 20 years ago which ironically is the essence of keeping Ponzi scheme running model haha. APP or not, weÂ’re doomed, and APP just extends the inevetible a bit since we still have a much better worker to retiree ratio than others today.

Does the math play out at all if we get enough of a chunk back from cpp that we can turn it around into an investment model rrsp style and not a continued Ponzi scheme? IÂ’m guessing not if nobody is talking about it.

An investment model RRSP style meaning what, exactly? Like the Australian model? It has had the same issues as everybody else's. Had to increase contributions in the 90s when they saw the demographic shift with all the other western countries and again recently. It works perfectly fine, but isn't objectively better. Also doesn't avoid having an OAS style pension on top of the mandated retirement contribution setup. The largest Australian funds haven't been able to outperform CPPIB, so probably why there isn't a lot of talk about it. It would basically be a lateral step.

Most of the talk is about how AIMCo has underperformed compared to most other public funds in Canada (CPPIB, OTPP, even the ATRF was doing better before they were forced to have AIMCo took over managing their money) as to why it would be bad for an APP.

[suntan]

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That’s basically true for everyone at some point anyways isn’t it? We’re living longer, and people having less kids in the developed world? Canada claimed to have fixed the Ponzi scheme model by… jacking our contributions 20 years ago which ironically is the essence of keeping Ponzi scheme running model haha. APP or not, we’re doomed, and APP just extends the inevetible a bit since we still have a much better worker to retiree ratio than others today.

Does the math play out at all if we get enough of a chunk back from cpp that we can turn it around into an investment model rrsp style and not a continued Ponzi scheme? I’m guessing not if nobody is talking about it.

I don't think Alberta can stop the increases. However, I think we can start at a lower contribution and have much slower increases. Albertans are tremendously productive. This matters a lot. I realize a lot of people think this is because of O&G, but I think a large portion of that is because Alberta attracts a lot of younger people that are willing to work and not rely on gov't. Also, if you think about it it's actually older people that are more productive from a GDP standpoint (another point lost on economists and the media), so I don't the baby population thing matters here so much.

Ontario and BC, the most populous provinces, are full of retirees and quite frankly a lot of people that just don't make much money and won't even make middle class ever. They simply rely on sheer numbers to garner enough tax revenue, and even then both provinces often receive transfer payments. Albertans accepts people from anywhere and tries to find them real employment. Just my opinion.

[OTown]

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Panic, for reference.

And the article I ran into last night, everyone wants us to stay haha.

https://globalnews.ca/news/10047939/...osal-exit-cpp/

This quote was hilarious to me:



How can it be bad both ways? In any case, didn’t think much about APP (I’m prob inadvertently in my own echo chamber too) but seems like everyone needs us to stay, which means we might be on to something.

Good point. Albertans will be negatively impacted by this, and so will canadians? Theres probably a reason why JT never made it as a math teacher.

[rage2]

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Good point. Albertans will be negatively impacted by this, and so will canadians? Theres probably a reason why JT never made it as a math teacher.

I think I figured it out. Canada loses (from the AB money train), and AB loses because we're terrible at investing? I think this all stems from poor 2022 performance of most funds, while CPP vastly outperformed for the year.

[littledan]

I'd rather lose some value and have this as leverage against the idiot liberal feds.

[max_boost]

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I'd rather lose some value and have this as leverage against the idiot liberal feds.

Also just buy the spy or Berkshire
Good enough for buffet, good enough for Albertans

[Buster]

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I'd rather lose some value and have this as leverage against the idiot liberal feds.

Exactly. Governments as investors is lol anyway.

[Gman.45]

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I'd rather lose some value and have this as leverage against the idiot liberal feds.

Well said.

[dirtsniffer]

https://twitter.com/PierrePoilievre/...7Ctwgr%5Etweet

Government minister openly says, the government is only there for liberal supporters.

[msommers]

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https://twitter.com/PierrePoilievre/...7Ctwgr%5Etweet

Government minister openly says, the government is only there for liberal supporters.

That's embarrassing for her. I would have liked to hear the rest of that conversation though.

[Buster]

To her Credit, at least she is saying what we have known for 100 years.