A report commissioned by the Alberta government says the province would be entitled to more than half the assets of the Canada Pension Plan - $334 billion - if it were to exit the national retirement savings program in 2027.
A report commissioned by the Alberta government says the province would be entitled to more than half the assets of the Canada Pension Plan - $334 billion - if it were to exit the national retirement savings program in 2027.
Can’t wait for another round of the entire country ridiculing this bullshit that our AM Radio Host premier is pulling out of her ass. Always fun to be the butt of jokes.
I don’t believe for a second that a) this won’t be used to invest in oil and gas b) she won’t kick the management of this to her buddies’ private companies so she can benefit personally.
Remember, the conservatives always want to privatize public services and assets to benefit their friends. Reference: GREENBELT.
It’s a public asset in the sense that its existence helps the rest of the province with things like groundwater, flood control, and air quality. It’s also a potential source of food/agriculture for the province, though that part is just private enterprise and not guaranteed.
If we use that definition, as unusual as it is, then there is no way to privatize said asset. It will always be a public asset no matter what. That does not align with the original comment.
There is no change in hands in what you describe. It would still be the same public asset, even if the public saw its transformation into something new.
Who owns it doesn’t matter. What matters is that it isn’t paved or developed. Pavement and digging basements reduce the land’s ability to absorb water, which can cause flooding and reduce groundwater availability in surrounding areas.
Who owns it does matter when talking about privatization. Your definition of a public asset has no way to transfer ownership. It will forever and always be a public asset.
I read another article that said the half number comes from the idea that Alberta had never contributed to CPP and had their own plan since the sixties, when in reality, if you were to calculate how much they would be “owed” would be closer to 20%. Still a large number, but the way this report will be pushed on the Albertan populace to try to push a yes vote on a referendum is so underhanded and classless. Which, of course, is exactly what everyone had to expect from the physical embodiment of ignorance that is Danielle Smith.
And with the declining importance of oil, along with the lack of infrastructure and economic buildup because they didn’t tax that oil revenue properly over the decades, if they really went independent on this, if anything, all retirees would be fucked over the next decade.
Honestly, I bet that the number they came up with was simply based on theoretical contributions according to the profits made on oil without actually looking at the contributions themselves.
Absolute insanity. Alberta is currently governed essentially by oil companies. This is their attempt to steal half of Canada’s pension fund which will then be invested directly into their own industry. Blatant theft.
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Also a pony. And a car. And a ponycar.
Can’t wait for another round of the entire country ridiculing this bullshit that our AM Radio Host premier is pulling out of her ass. Always fun to be the butt of jokes.
I can’t wait to see the report the federal government comes up instead.
Biggest heist in Canadian history?
She’s such a fucking ghoul.
I don’t believe for a second that a) this won’t be used to invest in oil and gas b) she won’t kick the management of this to her buddies’ private companies so she can benefit personally.
Remember, the conservatives always want to privatize public services and assets to benefit their friends. Reference: GREENBELT.
offtopic but the greenbelt is not a public asset. Its owned by private citizens mostly.
It’s a public asset in the sense that its existence helps the rest of the province with things like groundwater, flood control, and air quality. It’s also a potential source of food/agriculture for the province, though that part is just private enterprise and not guaranteed.
If we use that definition, as unusual as it is, then there is no way to privatize said asset. It will always be a public asset no matter what. That does not align with the original comment.
Not really. Land being removed from the Greenbelt would allow it to be developed and paved over, minimizing it’s worth in all of those aspects.
There is no change in hands in what you describe. It would still be the same public asset, even if the public saw its transformation into something new.
Who owns it doesn’t matter. What matters is that it isn’t paved or developed. Pavement and digging basements reduce the land’s ability to absorb water, which can cause flooding and reduce groundwater availability in surrounding areas.
Who owns it does matter when talking about privatization. Your definition of a public asset has no way to transfer ownership. It will forever and always be a public asset.
Alberta says that Alberta gets more than half of the cake if it leaves the party early
Sounds impartial, that one.
LOL NO
Please, Alberta – stop with these far right conspiracy theorists.
I read another article that said the half number comes from the idea that Alberta had never contributed to CPP and had their own plan since the sixties, when in reality, if you were to calculate how much they would be “owed” would be closer to 20%. Still a large number, but the way this report will be pushed on the Albertan populace to try to push a yes vote on a referendum is so underhanded and classless. Which, of course, is exactly what everyone had to expect from the physical embodiment of ignorance that is Danielle Smith.
And with the declining importance of oil, along with the lack of infrastructure and economic buildup because they didn’t tax that oil revenue properly over the decades, if they really went independent on this, if anything, all retirees would be fucked over the next decade.
Honestly, I bet that the number they came up with was simply based on theoretical contributions according to the profits made on oil without actually looking at the contributions themselves.
As an Albertan, I want to stick with CPP. If our government tries this, Calgary and Edmonton might have to separate from Alberta to rejoin Canada.
In other words, Alberta has become so poor, the only way it thinks it can survive is to pillage federal assets.
Maybe it’s time to pull up your bootstraps, Alberta?
Absolute insanity. Alberta is currently governed essentially by oil companies. This is their attempt to steal half of Canada’s pension fund which will then be invested directly into their own industry. Blatant theft.
Alberta makes up just under 12% of the population. Best offer? 12% of the CCP.
Alberta is entitled to jack squat except a gigantic environmental clean up bill.