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Old 01-07-2022, 07:40 AM   #19941
inv4zn
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Quote:
Originally Posted by PeanutButter View Post
I don't believe in giving the government any more money then they already have. They are so inefficient with their spending, I would rather have the money myself.

It's like CPP. For savvy investors, paying into CPP is not a good deal. I would love the option to opt out of CPP and invest the money myself.

Likewise, with the grant, I would rather use that money myself than give that money to my local municipality who would surely spend it recklessly.
While you're correct, the idea of the CPP is that it's a societal safety net for everyone - and let's be honest, the vast majority of the population are not "savvy investors". A large number of people who think they are however, will opt-out, and then be completely fucked when they reach 65 and we'll be facing much bigger issues.

Think of it like you (or your employer now I guess) paying for MSP premiums even if you don't need the care. It's socialism, yes, but it's important.
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