12 results found for "guaranteed annual income"
Op-Ed
Published in the Financial Post on November 8, 2013
By Finn Poschmann
Sometimes the road to Hell is so clearly paved and marked that it is difficult to believe that good intentions explain the route chosen.
So it is with recent proposals in the U.K., the Netherlands, and Italy, to introduce potentially massive, government-backed mortgage lending and insurance schemes.
In the U.S., a…
Op-Ed
Published in the Globe and Mail on January 3, 2013
By Finn Poschmann
When the forerunner of the Canada Mortgage and Housing Corporation opened shop in 1946, its job was to help war veterans find housing. From those humble beginnings, CMHC has emerged as a financial market giant. As this baby-boom behemoth contemplates life after 65, it, like many of us, should consider a more modest public role.…
Op-Ed
Published in the Globe & Mail on September 18, 2013
By William Robson & Alexandre Laurin
Monday’s announcement of potential changes to Alberta’s public-sector pension plans puts that province in the front rank of Canadian governments trying to fix retirement arrangements that distort labour markets, expose taxpayers to huge risks and inspire pension envy among the majority of…
Op-Ed
Published in the Toronto Star on May 15, 2013
By Benjamin Dachis
The May 2 Ontario budget promised to introduce new toll lanes to replace traditional carpool lanes on some provincially operated freeways in the GTA. Although New Democrat Leader Andrea Horwath wants the government to drop the proposal and Toronto City Council also is opposed, such lanes would give drivers an excellent way to…
Op-Ed
Published in the Globe and Mail on February 3, 2013
By Finn Poschmann
Bankruptcy laws can be strict or loose. Strict jurisdictions impose onerous and long repayment requirements on debtors. Others set debtors free relatively quickly. Too strict, and you stifle entrepreneurship and productive risk-taking. Too loose – or worse, too uncertain – and capital becomes harder to borrow, with the same bad…
Op-Ed
Published in Canadian Business on January 7, 2013
By William Robson
A short while ago in this space, I criticized the Fed’s efforts to depress long-term interest rates, and urged the Bank of Canada and the federal government to avoid doing the same in Canada. No matter how persuasive I was, savers face a few rough years, and even the boomers still some years from retiring may see mediocre returns…
