Canada’s top politicians claim manipulation by the wealthy is prevalent.

Prime Minister Carney, in his book VALUE(S), describes Canadians as victims of:

"Twisted economics, an accompanying amoral culture, and degraded institutions whose lack of accountability and integrity accelerate the system’s dysfunction."

In her book, PLUTOCRATS, Finance Minister Chrystia Freeland highlights the prevalence of elite attempts to use political influence for personal gain, stating,

“In an age of super-wealth, we need to be constantly alerted to efforts by the elite to get rich by using their political muscle to increase their share of the pre-existing pie, rather than adding value to the economy and thus increasing the size of the pie overall.”

Pierre Poilievre asserts that "Our system is broken.” and “Fire the gatekeepers.", probably alluding to our complicit Chief Actuary and the complicit President of the CBC.

In 2020, Mr. Poilievre responded to my email with the above details, saying,

Three of Canada’s top politicians are very aware that, behind the scenes, democracy is losing out to wealthy interests. It is deeply troubling that they all ignore this opportunity to right the ship and bring huge benefits to 99% of Canadians. Even our left-wing NDP remains mute.

It appears that all three parties have agreed to remain mute. On such a crucial issue, for ten years, why has the Conservative and NDP parties never mentioned the CPP’s surplus when it could help them overcome the Liberal government’s stranglehold? The tentacles of the financial industry must be enormous but, unlike the US, under-the-radar.

One argument our MPs may have fallen for is:

“Pension fund mathematics is complex. Trust our actuaries. They advise keeping any CPP surplus for a rainy day.” 

With:

  • trillions of Canadians’ dollars contributed, 

  • an irrefutable $500 billion, 200% CPP surplus, 

  • Standard pension practice giving a surplus distribution when the surplus is 25%,

  • Alberta possibly separating because of this issue, 

  • The financial industry losing billions if the CPP’s surplus becomes known,

  • Actuarial employment likely halving if the CPP’s surplus becomes known,

  • Our Chief Actuary never audited,

  • Huge benefits available to 99% of Canadians,

  • No argument against distributing the surplus…

Politicians, our supposed watchdogs, need to step up, investigate and act, not ignore such a life changing topic for millions of struggling Canadians.

It appears our financial industry has convinced all three party leaders and their sycophantic MPs to remain silent regarding:

  • this no-risk substantial solution to the woes of 99% of Canadians, most who are struggling,

  • this solution to our anemic GDP, productivity, unemployment, income inequality and deficit problems,

  • our mainstream media refusing to publish the most newsworthy, impactful story in Canada in years,

  • our Prime Minister vetoing our trusted CBC from publishing this story,

  • Alberta soon possibly separating from Canada because Ottawa refuses to follow standard pension practice.

I have recently received an email from Finance Minister Freeland and an email from Kristen Underwood, Canada’s Seniors and Pensions Policy Secretariat. They each gave a pathetic defence of their inaction on such a crucial issue claiming we need to let the surplus accumulate for the influx of baby boomers retiring (already accounted for) and a downturn in investment success. However, there was no mention of “economic armageddon” or the damage a CPP surplus distribution could impose on the financial industry and actuarial profession.  

It appears Canada’s party leaders and their MPs decided to “drink the Kool-Aid” and abandon all principles of democracy. They also ignored a giant RED FLAG. 

If the financial industry has told politicians that CPP reform would be detrimental to Canadians’ overall welfare, why do Canadians not see that argument published anywhere in our media? Moreover, why has the most newsworthy, impactful story in Canada in years never been published?

On this crucial issue, Freedom of Press is non-existent, even with our CBC. Despite this RED FLAG, all our politicians remain pathetically inert.

Why would they do this? Just 1% of the financial industry’s annual profit is $1.6 billion. Please connect the dots.

All federal and provincial politicians have received these details, with a “Shame on you.” tone. Aside from Premier Smith of Alberta, none have acted. 

Experts on democracy claim Canada is rife with bribery involving corporations. David Meslin, Canada's foremost expert on democracy, in his book "TEARDOWN," states,

“Our political system has evolved into a sophisticated enabler of mass institutionalized bribery... powerful corporations continue to wield enormous power in our legislatures.” 

Duff Conacher of Democracywatch.ca emphasizes the significant financial impact of corporate cash, stating,

"Corporations spend $25 billion annually on their lobbying and promotion efforts."

If Canadians were aware of the above details, based on the considerable benefits described above, in a referendum, probably 99% would vote for a CPP surplus distribution. Moreover, any major federal political party could probably win a majority if they promised to give roughly 20 million Canadians $10,000 each.

The evidence is overwhelming that, on this crucial issue, instead of 

“Government of the people by the people for the people”,

Canadians are receiving

“Government of the people by the financial industry for the financial industry.”