CPP Beats RRSPs and TFSAs

See? A MASSIVE tax cut for the rich, that defunds the Canadian government.

Because “they” usually won’t tell you, investing in retirement savings collectively, as a nation, is cheaper and more effective than individual savings, like RRSPs and TFSAs that only the richer set are able to use.

Only the pretty well-off have cash to invest in RRSPs and TFSAs, and since over half of Canadians are a couple paycheques away from homelessness, most Canadians don’t use them.

Doubling the CPP payout for retirees, in contrast, only costs about a 3% increase in contributions because the CPP Investment Board is so successful.

RRSPs and TFSAs are tax cuts for the rich, by stealth.

And now, even a big TFSA champ is saying that they didn’t accomplish the goals they were “supposed” to.

Shock!

As we pivot to a new world of economic dignity for all, let’s stop buying into the rhetoric of welfare for the wealthy!

 

About stephen elliott~buckley 90 Articles
Husband, father. Post-partisan eco-socialist. Political scientist, researcher, consultant, speaker, facilitator, editorialist. #PostCarbonEnergyInfrastructure, #ClimateHope, #Feminism.

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