Public pensions unsustainable

Re: Time for B.C. to get smart or go broke, B.C Views; Politicos call on feds to fund LRT, News, Aug. 12, 2011.

Re: Time for B.C. to get smart or go broke, B.C Views; Politicos call on feds to fund LRT, News, Aug. 12, 2011.

There were two articles that struck me in the Gazette on Friday. One was the editorial from Tom Fletcher.

How can it be sustainable to have more people with pensions in the public service than in the private?

The private sector is losing jobs, closing stores, leaving the province for Alberta where taxes are equitable or leaving the country all together. That leaves a smaller tax base from which to pay these huge pensions. Look at Greece.

There was also an article regarding light rapid transit, and a comment from Denise Savoie was especially disturbing: “it can’t be paid from taxpayer, property taxes or gas taxes alone.”

Where does she think that federal funding comes from? Taxpayers, Denise.

Allison Barber

Colwood

 

 

 

Just Posted

Victoria Shamrocks win proves costly

Shamrocks lose Rhys Duch to a season-ending injury

BC Ferries adds extra and late night summer sailings

Seasonal adjustments to sailing times also in effect on many routes

Greater Victoria records drop in building permit values

Values are up for British Columbia and Canada thanks to Vancouver

Campbell River teen on the mend a year later

Jonah Shankar’s treatment for brain tumour involved trips to UK

WATCH: Barbers battle it out in Victoria

‘Barber Battle’ saw stylists and barbers from across North America go head-to-head

Province comes through with funding for Charleigh Fales

Lake Cowichan toddler only one in B.C. diagnosed with CLN2 Batten disease

People throwing food at a bear in Fernie alarms conservation groups

“Approaching and feeding bears contributes to habituation,” says conservation group

Feds announce $50M strategy to fight dementia

Emphasis is on prevention and and supporting caregivers

Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election

Ottawa to pick up 5% of a mortgage on existing homes for households that earn under $120,000 a year

Homalco tour gives glimpse into area’s ‘People, Land, Water’

First Nation business mixes cultural components with wildlife excursions

B.C. VIEWS: When farmland protection doesn’t protect farmers

Secondary residences aren’t mansions, families tell Lana Popham

Bombers down B.C. Lions 33-23 in season opener

Former Lion Andrew Harris leads Winnipeg with 148 rushing yards

Northern B.C. family remembers murdered Indigenous woman with memorial walk

Still no closure for Ramona Wilson’s family 25 years later

Most Read