Trudeau Hits Back At Province That Wants To Take 53% Of Canadas Pension Funds

[Economy 52,854]

https://www.bnnbloomberg.ca/bnn-bloomberg/trudeau-chides-alberta-premier-smith-for-cpp-exit-debate-1.1986467

 

The Province of Alberta which has 12% of Canadas CPP participants (Quebec is not a CPP participant) claims its owed 53% of the funds (Over $330 Billion) if it leaves to make its own pension fund 

 

The Premier claims over payments due to younger population than National average and higher wages compounded over the years justify that figure

 

Trudeau hit back saying he wont allow distsbalizing political malice during tough times to add even more uncertainty to economic landscape

 

Many experts criticize Albertas math saying under no reasonable mathematical assumptions could a Province with 12% of the Nations CPP members be entitled to 53% of the assets. They also pointed out if the 2 largest members combined (Ontario & British Columbia) used the same mathematical calculations and formulas, their share would come at 128%... obviously not possible to be owed more than the fund is worth

 

[LateToCult 41,848]

Throwback to when Edmonton told FIFA they deserved half of all the games scheduled for Canada during the 2026 World Cup and FIFA told them to **** off and awarded them 0 games. 

[Economy 52,854]

8 minutes ago, LateToCult said:

Throwback to when Edmonton told FIFA they deserved half of all the games scheduled for Canada during the 2026 World Cup and FIFA told them to **** off and awarded them 0 games. 

I didnt know of this. Why did they think they deserved half of all games?

 

Alberta has serious superiority complex issues. They seriously think they are the sh*t

[LateToCult 41,848]

16 minutes ago, Economy said:

I didnt know of this. Why did they think they deserved half of all games?

 

Alberta has serious superiority complex issues. They seriously think they are the sh*t

Idk why they did that. By that point it was already heavily rumored that FIFA wasn’t impressed with Edmonton’s bid to be a host city. Their demand got them booted off the final list and instead another American city was selected. I believe it was either Kansas City or Boston that took their slot.  

[LaLa 19,898]

Alberta the worst province wbk 

[Tyler1992 2,340]

1 hour ago, Economy said:

I didnt know of this. Why did they think they deserved half of all games?

 

Alberta has serious superiority complex issues. They seriously think they are the sh*t

Some Albertans think it holds Canada up, and it would benefit from leaving. But man, would it be embarrassing if it actually tried to leave Canada. 

1 hour ago, LateToCult said:

Idk why they did that. By that point it was already heavily rumored that FIFA wasn’t impressed with Edmonton’s bid to be a host city. Their demand got them booted off the final list and instead another American city was selected. I believe it was either Kansas City or Boston that took their slot.  

I’m pretty sure it was Kansas City that took the spot. So silly as Edmonton tried to go head to head with FIFA when Commonwealth Stadium lacks in so many fronts compared to other possible stadiums.

 It embarrassed Canada as a whole as it spotlighted how little we have in quality stadiums. 

[Economy 52,854]

9 hours ago, Tyler1992 said:

Some Albertans think it holds Canada up, and it would benefit from leaving. But man, would it be embarrassing if it actually tried to leave Canada. 

I’m pretty sure it was Kansas City that took the spot. So silly as Edmonton tried to go head to head with FIFA when Commonwealth Stadium lacks in so many fronts compared to other possible stadiums.

 It embarrassed Canada as a whole as it spotlighted how little we have in quality stadiums. 

I get they are considerably above the National Average in income and wealth because of oil industry.

 

But they also benefit from being in Canada. If they separated, they would become a land locked Nation which faces significant disadvantages in exports. They would not have access to Ocean ports without having to make agreements with either the US or Canada to access them which may incur taxes or fees. 

 

The few landlocked Nations that managed well like Switzerland for example have free trade agreements and a populated surrounding to sell their stuff to. Alberta does not have immediate States or Provinces nearby with heavy populations so they'd need to transport further

 

Then there's the fact that Oil their biggest advantage has a sketch future

 

Sometimes I hear stuff about how they'd do better on their own or Should separate and it's so stupid. They may be above the National Average now, but they'd loose a lot of advantages too market wise if they went it alone

[Economy 52,854]

10 hours ago, LaLa said:

Alberta the worst province wbk 

Their Premier was flexing that they closed their last Coal Plant years ahead of schedule...

 

That's hardly a flex when you are literally the LAST Province to phase out Coal

[FfFfFfFF 58,120]

One of ther reasons I prefer living in an unitary centralized state.  Counties can have disagreements sometimes, but there are no major grievences since the entire state is uniformized administrativelly.

[Economy 52,854]

54 minutes ago, FfFfFfFF said:

One of ther reasons I prefer living in an unitary centralized state.  Counties can have disagreements sometimes, but there are no major grievences since the entire state is uniformized administrativelly.

Very much like my other Nationality Portugal. Also highly centralized with districts & municipalities in charge of smaller things but anything major is always Federal

 

Canada is pretty decentralized and yeah it does cause a lot of National arguments, disunity and sometimes dysfunction too

 

Even labor laws vary by Province just like in the US. 

[Ayesha Erotica 1,924]

On 10/19/2023 at 5:53 PM, FfFfFfFF said:

One of ther reasons I prefer living in an unitary centralized state. 

Usually these centralized states are centered around the capital (London, Paris, Budapest) and the music plays in the single largest major city and the rest of the country is neglected. When there was Covid cases in Paris, French central government in Paris decided to put the entire country into quarantine, even though places 500km away from Paris weren't affected that much as Paris. I prefer Canada's decentral system despite the drawback of federalism, it has numerous metropoles (Toronto, Montréal, Vancouver) and the capital Ottawa adds to its decentral system.

Centralized states centralize power in one place and make the already most powerful place more powerful.

[FfFfFfFF 58,120]

On 10/19/2023 at 7:50 PM, Economy said:

Very much like my other Nationality Portugal. Also highly centralized with districts & municipalities in charge of smaller things but anything major is always Federal

 

Canada is pretty decentralized and yeah it does cause a lot of National arguments, disunity and sometimes dysfunction too

 

Even labor laws vary by Province just like in the US. 

The exception in Portugal's case would be the Azores Islands - which is an autonomous geographically distant polity that is overall still a part of the country of Portugal.

My country (Romania) is very centralized administratively, but only if you don't consider the Republic of Moldova, which is a second ethnically Romanian state that is getting more and more integrated with Romania as Russia's influence is dissipating and pro-unification setiments are growing (so in a sense we form a federation of sorts). And Moldova itself is not completely unitary as it has Transnistria and Gagauzia as two autonomous provinces, with two very pro-Russian governments which actually prevented/ prevent Moldova from fully merging with Romania.

Fun fact: Transnistria used to be evenly split between 33% Romanians, 33% Rusisans and 33% Ukrainians. But Russians and Ukrainians hated Romanians so they split from Moldova with Russian help in the 1990s, when Moldova and Romania were clearly on the path to merge into a single country.

Fun fact 2: Gagauzes are Turkish Orthodox from Bulgaria which were linguistically assimilated by the Russians and which now speak Russian and are overall very pro-Russian.

[FfFfFfFF 58,120]

1 hour ago, LoliLux said:

Usually these centralized states are centered around the capital (London, Paris, Budapest) and the music plays in the single largest major city and the rest of the country is neglected. When there was Covid cases in Paris, French central government in Paris decided to put the entire country into quarantine, even though places 500km away from Paris weren't affected that much as Paris. I prefer Canada's decentral system despite the drawback of federalism, it has numerous metropoles (Toronto, Montréal, Vancouver) and the capital Ottawa adds to its decentral system.

Centralized states centralize power in one place and make the already most powerful place more powerful.

In my opinion, centralized states work best for countries which are 1) ethnically and socially cohesive; 2) are relatively small in size (like my country, Romania). They work less for countries which are bigger in size (like Russia - biggest in Europe, or even Ukraine- second biggest in Europe, as strong centralization can harbor secessionist tendencies when coupled with policies of ethno-linguistic assimilation).

[Economy 52,854]

5 hours ago, FfFfFfFF said:

The exception in Portugal's case would be the Azores Islands - which is an autonomous geographically distant polity that is overall still a part of the country of Portugal.

My country (Romania) is very centralized administratively, but only if you don't consider the Republic of Moldova, which is a second ethnically Romanian state that is getting more and more integrated with Romania as Russia's influence is dissipating and pro-unification setiments are growing (so in a sense we form a federation of sorts). And Moldova itself is not completely unitary as it has Transnistria and Gagauzia as two autonomous provinces, with two very pro-Russian governments which actually prevented/ prevent Moldova from fully merging with Romania.

Fun fact: Transnistria used to be evenly split between 33% Romanians, 33% Rusisans and 33% Ukrainians. But Russians and Ukrainians hated Romanians so they split from Moldova with Russian help in the 1990s, when Moldova and Romania were clearly on the path to merge into a single country.

Fun fact 2: Gagauzes are Turkish Orthodox from Bulgaria which were linguistically assimilated by the Russians and which now speak Russian and are overall very pro-Russian.

Yeah true, but Azroes and Madeira combined are only like 10% of Portugals population. 90% of the Country still lives in a highly centralized Federal dynamic

 

It would have its downsides too tho in such large Countries like USA or Canada... India and Brazil which are large Nations as well also have significant regional powers

 

I get the necessity for larger places despite its drawbacks

 

PS: interesting facts about Romania!

[FfFfFfFF 58,120]

10 hours ago, Economy said:

Yeah true, but Azroes and Madeira combined are only like 10% of Portugals population. 90% of the Country still lives in a highly centralized Federal dynamic

 

It would have its downsides too tho in such large Countries like USA or Canada... India and Brazil which are large Nations as well also have significant regional powers

 

I get the necessity for larger places despite its drawbacks

 

PS: interesting facts about Romania!

Yes, bigger countries absolutely have a harder time pulling off centralized systems. The only two big players with centralized systems that I cank think of are Russia and China - but even they have their own autonomous provinces.