this post was submitted on 13 May 2025
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I think Kershaw is trolling in this op-ed, but it's hard to tell. He's saying that the $14 billion planned increase to OAS for seniors will subsidize many people who are already well off. So he suggests younger Canadians (who don't get to participate in the housing market) should get a similar amount:

Millennials and Gen Z deserve a greater share of the $1.5-trillion windfall generated by rising home values since boomers were young adults.

A $1,000 annual payment to every adult aged 18 to 39 would be a start. The simplest way to deliver this compensation would be through a refundable tax credit, claimed when young people file their annual returns. Governments seeking more visible credit might directly deposit $250 every three months into young people’s bank accounts, clearly labelled as a housing wealth dividend.

I know $1,000 doesn’t stretch far in today’s housing market. It may only cover a few weeks of rent or mortgage payments. But over 21 years, that same annual payment adds up to real money that can help with costs.

Of course, there are less spendy alternatives:

Options include eliminating outdated Age and Pension Income tax shelters, which could pay for half the cost. The other half could come from beginning the Old Age Security clawback at $100,000 of household income, rather than continuing to provide the full $18,000 subsidy to retired couples with $180,000 in income.

I think Kershaw is using the $1,000 per year "you were born too young to get a house" tax rebate as an illustration of the amount of cash going to retirees. But maybe he isn't.

Original: https://www.theglobeandmail.com/investing/personal-finance/young-money/article-carneys-housing-fix-needs-a-dividend-for-millennials-and-gen-z/

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[–] wampus@lemmy.ca 3 points 2 weeks ago* (last edited 2 weeks ago) (6 children)

Silly question, but can someone explain how things like OAS and other 'age' defined benefits fit with the Charter's protection against discrimination due to age? Likewise tax benefits given to married folks, as the charter supposedly protects against discrimination there?

I mean, it's listed as a protected characteristic just like race. So wouldn't something like saying "Let's give old retired people a bunch of money" be similar in terms of violated charter rights, as saying "Let's give white people a bunch of money"? ie.... wrong and against supposedly 'protected' charter rights? Even how CPP tiers the amounts you get depending on if you take it at 60, 65, or 70 seems like it'd run counter to charter rights... ?

*just an edit to clarify protection against discrimination based on marital status is seemingly in the human rights act, not charter, but still a protected area...

[–] Kichae@lemmy.ca 6 points 2 weeks ago (4 children)

Are we really getting to the point of attacking OAS now? Seriously? Like, I know everyone loves to hate on the boomers, but most of them didn't strike it rich, many live in homes that are old and not well maintained, have failing bodies, are being squeezed out of labour jobs, etc. Having a tiny, taxable income stream at a time where society is turning against you isn't some crazy benefit.

Attack the rich, not the old.

[–] wampus@lemmy.ca 4 points 2 weeks ago (1 children)

Programs like OAS are given to the rich, because they're old. Questioning the legitimacy of 'old' and/or 'married' as being qualifiers for targeted aid, and instead implying that benefits should be given to 'poor people' no matter their age or marital status as per the charter's tenants, fits with your rebuttal. A rebuttal which didn't address the questions.

[–] HellsBelle@sh.itjust.works 3 points 2 weeks ago

Then instead of taking money away from poor old people the gov't should be means-testing the rich old people.

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