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THE KCM NEWSLETTER
Portfolio perspectives by Adrian Mastracci of KCM Wealth Management.
Cradle to Grave. Benefits for Canadians RETURN TO NEWSLETTERS MAIN
COMMENT ON THIS ARTICLE
Is this the equivalent of "lifetime financial care"?

Vancouver, B.C. (December 19, 2000): Here we go one more time! Government raising the spectre, or trial balloon, of that "guaranteed annual income" for us Canadians. Someone has once again decided that we Canadians need a lifetime of financial care. Over the years, we've had a few different flavours of this balloon flown in our midst, many having fallen flat from the skies.

It seems to me that with all this talk of being taken care of from cradle to grave we Canadians are well advised to enlist a sufficient number of taxpayers who, contrary to popular beliefs, don't expect to have need for this benefit and have the drive, incentive and impeccable work ethic to support the massive and open-ended tax funding regime for those who willingly resign their fate to government. I am not referring to Canadians who through an unfortunate circumstance, such as a disability or accident, truly need our assistance, be it short or long-term.

I am diligently trying to contribute to this notion by teaching my children the concept of financial accountability and responsibility. One that comes to mind is that they have to work doubly hard to pay for all the monetary sins that we continue to create and accumulate on their behalf without their representation. In British Columbia alone, we need not look any further than the wasted millions of our hard earned tax dollars that seep out of Victoria's government doors on a daily basis.

If only our children could tell us what they think of our vision! Here's a novel idea - let's ask them!

That's my perspective. I'd like to hear yours or that of children you know.


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