Politics in Canada
Just to start the conversation I've been contemplating the massive cultural and financial effects of pension plans.
The basic assumption is that at 65 if you don't work you don't get any money.
Why is this ?
We do have the Canada Pension Plan as a national program but all other pension arrangements require everybody, TO MAXIMISE THE RATE OF RETURN, WHICH IS NO DIFFERNT THEN PLAYING ROULETTE.
For maximun returns people ignore common sense and prudence.
If there was one adequare National Pension Plan or a guarenteed minimun allowance for all people of all ages the entire smoke and mirrors aspect of financial investing would be unnessary.