Tim Ingram

Oilers fan, proud husband, father and grandfather.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx Correct.
OAS, A program that has been funded by the past & present taxpayers for 100 years.
I will be eligible to collect my cpp as well.
Both are taxable income so i will continue to contribute to funding future OAS payments as well. As are the people collecting OAS today.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx No im not.
But when the time comes I will accept the $ that I contributed to all my working life.
I am one of the 95% that does not have $190,000 annual income.

[Tim Ingram @TimIngram12]

@EricG1247 Before you blame a living wage, why not look hard at what caused the necessity to earn more.
Why did housing increase? Why did food increase? Fuel, utilities, etc.
The closest we had to a living wage was in the mid 70's.
Look to the changes in government theology since then.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx This debate/concern will be a short lived issue. It will be Gen X turn soon. Millennials now out number living boomers.
Its only an issue because people are struggling due to the high cost of living. Imo, look no further than the Liberal govt.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf We all pay a huge amount of welfare period. Wealthy or middle class.

Well after the boomers raised their kids they kept paying into general revenue supporting welfare, social programs, child tax benefits, education, economic development, etc. Part of paying your taxes.

[Tim Ingram @TimIngram12]

Countries with the highest debt to gdp ratios.
Canada household, 3rd, 101% Severe
Canada govt, 10th, 100% Moderate high
Canada corporate, 11th, 118% Moderate

Canada with government, household, and corporate debt each exceeding 100% of GDP.
We have a very fragile economy.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf OAS contributes to 15% of government spending, zero household debt and zero corporate debt.
Plus I will reinforce that each person eligible to receive oas has paid into the general fund.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf Are you are saying the $85 billion paid out to OAS is causing our high debt to gdp.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx You are concerned over a very small % of people. OAS is paid for by the past, present and future tax payers. There are clawback thresholds in place. I believe if you make over $94,000 each oas is clawed back a percentage.
Plus your oas and cpp are a taxable income.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx Sorry you feel that way. It is very defensible.
5 to 8% of Boomer couples in Canada are making in excess of $190,000. I am betting 100% of OAS eligible Boomers paid taxes.

You are condeming an entire generation because a very small percentage of Boomers are financially secure.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx OAS has been subsidized by tax $ for 100 years. Its not until recently that it became an issue.
Boomers were 40% of the population. No generation before or after was that high. Thus the increase in tax $ requirements. Look to the govt for our higher cost of living. Not boomers.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx Correct. And also funded by the people who worked for 40, 50, 60 years while paying taxes.
Until 1971, people paid into a OAS dedicated fund. Then in 1972 to present, OAS is paid out of general revenues. Which the people who are receiving OAS have paid into.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx Less than 10% of retired Canadians could live on their savings alone. 75% are less than $100,000 in savings.
The $ people complain about is in home equity. Not cash.

They paid their taxes for 50 years. When the time comes, retirees should gladly accept their OAS subsidy.

[Tim Ingram @TimIngram12]

@CetiAlphaFumf @IvanC19si8acmx Why is oas the problem?

[Tim Ingram @TimIngram12]

@famousthegreats Not factual, misinformed, or just plain BS. Nothing but click bait or rage bait.

[Tim Ingram @TimIngram12]

@NotSeeSalute @urbanbeachbum @omgsidewalks I hope people stop believing that a degree costing you $200,000 is the only way of getting ahead.
Trades people earn $ while training to get their certificate. No student loan debt and in most cases earn as much if not more than most who went to college for a degree.

[Tim Ingram @TimIngram12]

@Ophion144 @PierrePoilievre Poilievre can propose many changes. Unless every MP plus at min 5 Liberal MP's vote with the CPC, nothing changes.

Imo, the Carney lead government is very close the true definition of an Authoritarian govt.

Remigration will not happen with a Liberal majority.

[Tim Ingram @TimIngram12]

@MagaNorth @TSNHockey What? You dont believe the "tolerant" left can simply disagree without making it about racism, bigotry, fascism, or whatever their catch phrase of the day is?

[Tim Ingram @TimIngram12]

@Ophion144 @PierrePoilievre I am interested in how you would undo it.
If you were in Poilievres position, how would you undo it?

[Tim Ingram @TimIngram12]

@CTVNews Remember, that 6.7% is only people actively looking for work.
It would be interesting and probably alarming to know what would the percentage be if we included people not looking for work but still receiving government assistance.