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Glen Brown's avatar

Generation Squeeze has a wealth of practical policy proposals for right now. I am asking if Squeeze members are familiar with Helena Norberg- Hodges ideas- works. If corporate Growth does not wipe out our future , then our Future is Local- decentralized and less materialistic. In OUR Future is Local she argues that this is happening around the world...maybe so but I don't see much evidence of it in Ontario.

BUT it's not the sort of thing corporate media would report on.

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Mary's avatar

Thanks for your article Jennifer. Very well said.

To me, (I am a very young boomer or very old GenXer) the problem is one of wealth redistribution in a just society.

In a just society we should care about the whole of our community and ensure everyone has opportunity and is sufficiently supported. Part of that caring involves sharing the wealth. Income/wealth redistribution via taxation and equitable redistribution is critical in order to assure health, happiness and a secure future for all of us and our children.

We have a few glaring issues in Canada that need to be addressed one way or another.

For example:

We have insufficient income/asset-testing for tax supported programs in Canada.

We treat individuals differently based on age (favouring seniors) which is flat out policy discrimination which we wouldn’t tolerate if were based on race/religion/sexual orientation etc.

Our governments use tax dollars to support public sector pensions and benefits and early retirement in the public sector that the private sector and small business can only dream about.

Why should a teacher retire in their early to mid-50’s with an indexed (and very generous) pension for the rest of their life? If the government is matching pension contributions (or more) for government workers why do they not offer this same benefit to other citizens to ensure their securely funded retirements too?They don’t match CPP contributions for example. They don’t provide citizens with gold-plated medical/dental benefits funded 94% by government with tiny co-pays such as teachers in Ontario enjoy for example.

Government workers are not keen to give up their unfair share of tax revenue supported benefits/pensions any more than seniors appear to be. These two voting blocks alone almost guarantee nothing will change.

Ultimately, if everyone has to give a little bit more and no one is happy - that’s the sign of a good compromise that is fair and just.

I often hear people blame private enterprise - ie ‘corporate raiders’ are making huge profits and not providing equivalent pensions/benefits to their employees, ie greedy capitalists are to blame.

But the reality is that most people working in the private sector are employed by small and medium sized businesses (88% of private sector in 2021) which cannot begin to provide what government does for their workers. Sure, make Google and Tesla etc. fund better pensions and benefits out of their profits - but this represents a very small percentage of folks working in the ‘corporate’ world. (Better to make large corporate players pay their fair share of corporate tax, and prevent offshoring of head offices to tax havens.)

Government also allows seniors to income split but not working families. How is this fair or equitable?

Seniors maximize OAS when they have assets in the millions. See this article from the G&M Dec 30/2023 - https://www.theglobeandmail.com/investing/personal-finance/financial-facelift/article-can-wilbur-60-and-patsy-55-afford-to-retire-next-year-and-gift-some/

Why is OAS not income/means tested?

I think we should encourage seniors entitled to OAS who don’t need it to redirect those funds to social causes (food banks and subsidized housing come to mind) or at least towards a down payment on housing for their children/grandchildren.

If government isn’t willing to address these glaring inequities to create a more just society then citizens should begin doing it themselves and maybe that would help draw attention to the issue and help sway opinion.

We can try, I just hope that everyone who is privileged is willing to give up a little of what they have to achieve a more just society.

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