Tyranny of the entitled

From: http://marshallplan.ca/

I happened to catch the Liberal roundtable on pensions reform headed by John McCallum. There were representatives of every facet of Canadian society affected by the financial crisis and the need to find solutions to maintain pensions which were over extended before the crisis hit. Public and private pension plans were the discussion. There was not one person to represent the 70% to 75% of the population that have no pension. "period". The only mention that would involve this group was they need better education on these matters and mutual fund charges were a concern by way of management fees. 40% of returns in mutual funds goes to management fees. That was it as far as concerns for the majority of the population were concerned. I think this is very revealing and a gross statement, not just by the Liberals, but by all political parties and their priorities.

I remember Brent's post showing the picture of the sign showing the black and white water fountain. This pretty well sums up the battle the regular working class face in this country and the lack of opportunities in investments to support our retirement. The discrimination in opportunities between this segment of our society and the other 70% to 75% is blatantly obvious and the attitude of our politicians is we are a segment of society that are irrelevant except when it comes to being taxed to support their over extended pension plans. It,s depressing when you realize where we fit in in the psyche of these politicians who direct our society.

Just one other bit of information i found revealing was the costs pension funds incur and individuals incur to maintain these investments. If i remember right the pension funds costs were 3 or 4 times less then the individuals. How do you compete with that? A Solution = Marshall Savings Plan

Don
Hornby Island, B.C.