Out-Of-Body Experience

CPP The Biggest Ponzi Scheme Ever



There is one thing fundamentally wrong with the Government's calculation of available Canada Pension Funds. They forgot to figure in the people who have died before ever collecting a single CPP cheque.





Where did that money go?


Not only have you and I have contributed to CPP but our employers did as well. A total of 15% of our total income before taxes, averaged out, if you made $30,000. a year throughout your working life, would mean $220,500.  

Every working person. In their lifetime.  Pays $220,500. 


Money, we put in a Govenment Bank to insure us that we would be getting our just reward.  

A Retirement Cheque.


Money, owed to us, now called...


Entitlement.

As if charity, or a handout.

Money, which when we reach the ripe old age of 65 we will be entitled too, even though it's your money. A simple calculation: If you calculate the future invested value of $4,500 per year (yours and your employer contribution) at 5% interest. After 49 years of working you'd have a whopping $892,919.98

and... if you took out only 3% per year, you'd receive $26,787.60 per year and would last 30 years. With no interest paid on that final amount. If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month.

Now the question:


What if you die and don't collect a red cent? 

Canada Pension Plan 

The Biggest Ponzi Scheme Ever!



Police mug shot of
Charles Ponzi the
namesake of the
scheme
At a time when everyone in the Government, greats huge expense accounts, free healthcare, outrageous retirement packages, 67 paid holidays per year, 3 week vacations, unlimited sick days. 

Our retired seniors living on a 'fixed income' receive no additional federal aid nor do they get any financial breaks, while our Government and Religious Organizations pour billions of dollars and tons of food to foreign countries.

The Canadian Government can't help it's own citizens, the seniors, the veterans, the orphans and the homeless and helpless. They tell us they have no more money. Yet, all this money dissipates into foreign hands with no accountability.

Ponzi Schemes: Ponzi Schemes





Dog Brindle



1 comment:

Steven Hill said...

Until 1996 the baby boomers never paid anywhere close to 15%, and back in their working days were not making $30,000 year so your numbers are way off for the largest number of CPP recipients, inflation ate your retirement, now my generation has to pay it back. I'm paying 15% my whole life because soon there will only be 2 people paying into CPP for every recipient, and who knows whats going to be there when I finally retire in 2053. But I assume CPP will be raised again before I retire until people just finally forget about trying to keep the program alive.

Spirit World