this post was submitted on 16 Jan 2025
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Mark Carney enters Liberal leadership race, vows to ‘build our economy’ | Globalnews.ca (globalnews.ca)
submitted 4 days ago by [email protected] to c/[email protected]
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Carney said he’s propose “some big changes and some bold new ideas” in the coming weeks to address those economic issues. He vowed the Liberals “are going to win the (next) general election” despite the party’s months-long polling slump under Trudeau.

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[–] Lauchs 1 points 3 days ago (1 children)

How does your scheme protect from devaluation? If my home drops say, 200k but you're going to offset some of that in pensions, okay, let's put aside the lost equity, how does this stop me losing say, half the equity in my home from some random devaluation?

Providing a living pension doesn't mean I'm no longer interested in the investment I've spent 20 years paying off...

or we could free them from it and have wages rise proportionally or increase corporate taxes.

This is not a napkin calculation, this is handwaving!

[–] [email protected] 1 points 3 days ago (1 children)

The value of what I proposed is 320K. If I signed up for the scheme, I will get 320K guaranteed by the government pension and I no longer care what my home is worth. If I don't and the market crashes for whatever reason, I lose whatever the market shaves off from my property's equity. I guess you wouldn't like this deal. I would. ☺️

[–] Lauchs 1 points 3 days ago

I'm fairly confident few people would choose this scheme because otherwise you would've already sold your homes and kept the difference...