Rock and Roll Conservative

They want you to insure your insurance

Back in ye olden tymes -- no really, the olden days of the early 20th century -- the argument was made that since the working man wasn't capable of saving for his own retirement, that employers should be encouraged to set up such systems. Thus, pensions became insurance for old age.

Sounds good?

Well, NDP Leader Jack Layton is never afraid to lard tax hikes and social spending on top of other tax hikes and social spending. The NDP announced today some "reforms" which would see all Canadians forced to buy pension insurance because of the "epidemic" of failed pension plans.

Sounds expensive? Sure is! And wait, there's more. The party wants to double your CPP contributions, toss in a another $700 million to seniors and create a new government entity to takeover "orphaned" pension funds.

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