Pen-l-ers, I will be debating current proposals to reform the Canadian Pension Plan on TV tomorrow evening. The argument for 'reform' I believe is similar to that for privatizing the US social security system based on (inaccurate) claims that the present system is bankrupt, non-sustainable, etc. I am not worried but these arguments because they are based on factually wrong claims. However, other parts of the proposal involve increased funding of the CPP through the stockmarket purchases and a much higher degree of funding generally rather than 'pay-as-you-go'. Further, some of the support for this comes from extravagent claims of the huge success of the privatization of the Chilean pension system. Can pen-l-ers give me answers to the following three questions which I know have been addressed in one form or another on this list over the last few months. I need the info by tomorrow morning. 1) What are the arguments against stock market funding of basic social security pensions? 2> What was Keynes' objection to funding pension plans as opposed to 'pay-as-you-go' funding? 3> What is the downside of the Chilean pension privatization? Much thanks in advance, Paul Phillips, economics, Manitoba [EMAIL PROTECTED]
