There are only three realistic paths to eliminate the federal deficit: gut benefits for boomers’ retirement, raise taxes to pay for boomers’ benefits, or ramp up immigration well beyond the levels we’ve witnessed
Conservative leader Pierre Poilievre delivers a speech at the Canada Building Trades Union conference on April 30 in Gatineau, Que.Government deficits leave unpaid bills for younger generations that are unnecessary when our economy is not in a recession. That makes deficits run by the NDP in B.C., Progressive Conservatives in Ontario and Liberals in Ottawa quintessential examples of intergenerational injustice.
Retirement benefits for boomers drive deficits because they have been funded by a reverse-pyramid scheme. Whereas many hands made light work of the responsibility to pay for seniors when boomers were young, this function must be borne by relatively few workers now that boomers have retired. This increase to immigration would dramatically exacerbate the housing supply pressures with which our country is already seized. So Mr. Poilievre has
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