Obscene amounts of money

[JBen]

That's true Gilroy and has been for many years.
CEOs get their salaries and profit marching orders from boards and shareholders.

Do you like your pension?
Do you like your "investments" ( though I know you have said many times you personally don't)

Basically, no-one has leg to stand on with that, if they like their pensions and nest eggs. No corporate greed, no stock growth over the last 50 years...See comments about Amazon...

https://www.cbc.ca/news/politics/cro...vera-1.5584098

[Gilroy]

That's true Gilroy and has been for many years.
CEOs get their salaries and profit marching orders from boards and shareholders.

Do you like your pension?
Do you like your "investments" ( though I know you have said many times you personally don't)

Basically, no-one has leg to stand on with that, if they like their pensions and nest eggs. No corporate greed, no stock growth over the last 50 years...See comments about Amazon...

https://www.cbc.ca/news/politics/cro...vera-1.5584098

Well I do like my pension and I hope you do to, my OMERS letter I got yesterday stated the 10billion is added into the Ontario economy every years and they support 105,000 Ontario jobs?

But that aside JBEN do you really believe that these CEO's are worth their salaries. Most mutual funds managers cannot beat the stock index, so they do not have crystal balls.

How about all the FA who lost millions for their clients during the 2009 meltdown, do we get a rebate?

How about CEO who run companies right into the ground. Just saying.

[JBen]

No I don't think they are "worth" that much Gilroy.
The point your missing though is that "society" is too blame. Greed and the Jonses and Pensions/RSPs and loving those better than inflation returns. One simply cannot complain about "corporate" greed.......and like their returns....You can't suck and blow at the same time.

FAs.
The days of FAs "picking stocks" ala Warren Buffet are 40 years in the rearview. FAs and IAs are far more what they call holistic. Financial advisors. Everything from budgets, to talking to people about what they want for their children ( education and budgeting for that), to retirement planning, to insurance needs, estate planning, tax planning, and even family law.

2008 was the result of a few things, that very few saw coming. Anyone that tells you they can time the markets, or win easily. All you need to do ask them. If your so good, why don't you own your private island in the tropics. And any FA worth their salt will also talk to people about various investment strategies and optimum portfolio theory as well as time lines and far more. Not the least of which is risk tolerance.

CEOs that blow things up. Well our CEO did time in jail. What did you do when you failed to put a killer away for life, did you give parents "refunds"... What do cops do that run afoul other than collect paychecks while on desk duty or leave.
Don't start, that's one you'll lose

Re Omers. That may be true, but don't forget, first it syphons money out of the pockets of people, most that dont have it so good. So while it may ultimately add back, first it takes. And OMERS like many others sit on boards.

[Gilroy]

No I don't think they are "worth" that much Gilroy.
The point your missing though is that "society" is too blame. Greed and the Jonses and Pensions/RSPs and loving those better than inflation returns. One simply cannot complain about "corporate" greed.......and like their returns....You can't suck and blow at the same time.

FAs.
The days of FAs "picking stocks" ala Warren Buffet are 40 years in the rearview. FAs and IAs are far more what they call holistic. Financial advisors. Everything from budgets, to talking to people about what they want for their children ( education and budgeting for that), to retirement planning, to insurance needs, estate planning, tax planning, and even family law.

2008 was the result of a few things, that very few saw coming. Anyone that tells you they can time the markets, or win easily. All you need to do ask them. If your so good, why don't you own your private island in the tropics. And any FA worth their salt will also talk to people about various investment strategies and optimum portfolio theory as well as time lines and far more. Not the least of which is risk tolerance.

CEOs that blow things up. Well our CEO did time in jail. What did you do when you failed to put a killer away for life, did you give parents "refunds"... What do cops do that run afoul other than collect paychecks while on desk duty or leave.
Don't start, that's one you'll lose

Re Omers. That may be true, but don't forget, first it syphons money out of the pockets of people, most that dont have it so good. So while it may ultimately add back, first it takes. And OMERS like many others sit on boards.

I do not blame society as this is how the Capitalist system works, we all chip into out CPP and hope the managers can invest in the "system" create jobs and add value. Returns should be made without destroying the WORLD IN THE PROCESS.

IF fA CANNOT GIVE SAGE ADVICE THEN I SUPPOSE THEY HAVE NOW BECOME OBSOLETE?

If I have a NO RISK tolerance for savings, should all us pensioners just tuck our savings under out mattresses?

Should we invest and create new jobs, why bother, we will probably get ripped off again.

So keep her in the bank, earn less than 1% and spend NOTHING.

I never heard of any CEO's doing any time in jail?

I never let any killer get away so this question is mute.

The reason why officer's get paid when they run afoul of the law is because if they beat the rap, they would get paid in any case and sue for any losses', potentially costing taxpayers more money.

If OMERS syphons money out of the pockets of the taxpayers so does the CPP, Teachers union, Unifor, Hospital Union, Caisse de dépôt, should we blow up all these plans and lose half the jobs in the country?

I think the question you should ask yourself as you are a FA is why your not sitting on your own island in the Sun.

You have had 40 years of free wheeling in the Capitalist system, probably not having to contribute to all the pension systems we had no choice to contribute to, should you not be ahead of the game?

After all we are just dummy public service workers and union members what do we know.

[JBen]

And yet you were pensioned off early weren't you? incompetant? Flat foot? No doubt you had a 100% charge and conviction rate....Curious why you don't feel you owe people refunds...I mean all I need to mention is your failure to do much about gang and gangs violence....And when cops run afoul who pays the law suit bills (as well as cushy salaries while on leave)....

FAs
/whoosh but I'm not surprised.

Big difference between your pension and CPP Gilroy.
The fact you even included that....lol "think before you speak".. You are aware I hope, that when people contribute to CPP, they eventually get a benefit providing they live to collect.
But on that topic give us 1 good reason, given all that's known, whether that's the concerns about the typical family being unable to save, their futures in LTCs ( maybe if fewer people had more savings and thus better health/life) far fewer would end up in deplorable conditions to begin with.......Didn't think that far did you...Why Gilroy is the need for lTC capacity growing exponentially...
And we can include the lack of PSWs or even their wages, with respect to "all thats known"

Why a highly paid cop, that grosses more than 2x the duo mean. Needs peons like PSWs that can't afford jack, let alone save for their own futures so they don't end in LTCs, padding their pension. Can't you afford to take care of yourself at that point?

[Gilroy]

"And yet you were pensioned off early weren't you? incompetant? Flat foot?"

(R) I became disabled as a result of cancer, moved on and opened a spot for a younger person.



No doubt you had a 100% charge and conviction rate....Curious why you don't feel you owe people refunds...I mean all I need to mention is your failure to do much about gang and gangs violence....And when cops run afoul who pays the law suit bills (as well as cushy salaries while on leave)....

(R) Very good conviction rate because I did my homework before making an arrest.
The taxpayer pays the salary for a member under suspension, thereby avoiding a law suit if they had suspended without pay.
FAs
/whoosh but I'm not surprised.

Big difference between your pension and CPP Gilroy.

(R) I am very aware as I collect both as I contributed to both.
The fact you even included that....lol "think before you speak".. You are aware I hope, that when people contribute to CPP, they eventually get a benefit providing they live to collect.
But on that topic give us 1 good reason, given all that's known, whether that's the concerns about the typical family being unable to save, their futures in LTCs ( maybe if fewer people had more savings and thus better health/life) far fewer would end up in deplorable conditions to begin with.......Didn't think that far did you...Why Gilroy is the need for lTC capacity growing exponentially...
And we can include the lack of PSWs or even their wages, with respect to "all thats known"

(R) Aging population.

Why a highly paid cop, that grosses more than 2x the duo mean. Needs peons like PSWs that can't afford jack, let alone save for their own futures so they don't end in LTCs, padding their pension. Can't you afford to take care of yourself at that point?[/QUOTE]

(R) Right back at you why are PSW's so poorly paid. Also why do you think so poorly of Police officers?


P.S. Also try to answer the tough questions.


[COLOR=#000000]I think the question you should ask yourself as you are a FA is why your not sitting on your own island in the Sun.

[COLOR=#000000]You have had 40 years of free wheeling in the Capitalist system, probably not having to contribute to all the pension systems we had no choice to contribute to, should you not be ahead of the game?

[COLOR=#000000]After all we are just dummy public service workers and union members what do we know.

[greatwhite]

well Gilroy maybe if we paid the Police less and cut back existing pensions we could afford to pay PSW's more. We can't raise taxes anymore as people are taxed much to high. In fact taxes should be reduced. Would you be willing to take a 10% cut on pension to give for PSW's?

[Gilroy]

well Gilroy maybe if we paid the Police less and cut back existing pensions we could afford to pay PSW's more. We can't raise taxes anymore as people are taxed much to high. In fact taxes should be reduced. Would you be willing to take a 10% cut on pension to give for PSW's?

I have a better idea why not tax the crap out of the 1% that have their money hidden in offshore accounts and are the one's
cutting the throat's of the middle class where nobody these day's gets a full time job.

[line052]

This is good news - and all as a result of tyrannical actions of federal and provincial governments closing small businesses. Again - governments are always the problem, and in this case increased the profits of corporations.

If this does not make you wonder........

The Canadian Centre for Policy Alternatives reported in September that the country's top millionaires made an additional $37 billion combined during the six first months of the COVID-19 pandemic, and this trend has been observed all around the world

https://www.blogto.com/city/2021/01/toronto-richest-family-8-billion-throughout-pandemic/

[JBen]

Classic Gilroy.
Anyone but “me”. Despite the fact, empirical data shows it’s the top 20%....

Despite the fact, data on PS salaries and benefits.....

Despite oh so much.....

And while I agree, the top 5% could pay more. How much more do you think they will accept before leaving for greener pastures. Have you not been reading the news the past 16 years? People and companies leaving...

again. One simple question.
If you grossed in salary, more than the mean duo!!!
Why should those that struggle to get by, struggle to save, struggle to pay Hydro, struggle to keep up with inflation ( primarily caused by the 20%)

pad your pension. Can’t you afford to take care of yourself when you’re grossing 2x and more what the tax base does?

and at the very least if everyone in PS siphoned less. Could we not then hire more? A lot more.
yes we could obviously. Especially those lower down the food chain like PSWs or EAs.....

“You” and your Unions made the bed. “Deal with it”...aka own it