government pensions

6:00AM
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Murray Smith, a former Alberta cabinet minister in the Ralph Klein government, the one that privatized government liquor stores and licence registries in 1993, once told me about a side benefit of such divestments (and I paraphrase): fewer distractions, which led to more focused government.

2:00AM
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With talks to expand the Canada Pension Plan having stalled, the Ontario government has pledged to roll out its own provincial version.

2:00AM
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Imagine if governments engaged in a massive spending binge over the last decade, with the benefits falling to just a small part of the population—and then hiked taxes four times to pay for it. Now imagine if they argued, in some Orwellian twist of illogic, that such excess generosity was “fully funded, affordable, and sustainable” – this after the multiple tax hikes demonstrated they were not.