Economists seem to agree, that raising interest rates to curb inflation, may have worked in the 80s, during a time of entirely different economic influences, but real people now are suffering in ever growing numbers, due to poor decision making by our Government and the Bank of Canada.
They have decided to wipe out more of the already declining middle income segment of our country, thereby widening the gap between the haves, and the have nots. Raising interest rates doesn’t effect the poor, because they can’t borrow money; the banks won’t give it to them. The wealthy have money, so they only borrow it, if that means making more money than it costs to borrow, and more than their investments are already making. Banks love to lend them more.
Since the 1990s, it was predicted that the CPP fund for senior citizens of Canada would be extinguished to the point that it couldn’t be counted on to provide anything of value for a senior about to retire, if anything at all. Who started that fear mongering, or predicted the lack of vision that we now face?
Here we are in 2023, and the Federal Government has in the vicinity of somewhere over $575 Billion dollars in a fund somewhere noted as the CPP fund, or investment, and managed by the CPP Investment Board. When it’s somewhere over, is that like $150 Million over, or $600 Million over? How is it decided that a person who has worked for 40 - 50 years, contributing to this fund, should receive $717.15 per month if they retire at 65? What sort of return is that for a lifetime of contributions? Is that how we should thank Canadian seniors for their contribution to building and sustaining our Country?
Back in the 90s, the BC Government was in favour of amalgamation of the unincorporated areas of the Sunshine Coast, into one or more incorporated areas. This action would’ve given our remote area more autonomy into our own affairs. An example of this is the District of Sechelt, which governs a population greater than 5,000 people.
What was then known as the Sechelt Indian Government District would always remain outside of any other amalgamated areas, so they will not be considered a part of any restructuring conversation here.