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Pension Ponzi: How Public Sector Unions are Bankrupting Canada's Health Care, Education and Your Retirement Paperback – Jan 25 2011


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Product Details

  • Paperback: 256 pages
  • Publisher: Wiley; First Edition edition (Jan. 25 2011)
  • Language: English
  • ISBN-10: 1118098730
  • ISBN-13: 978-1118098738
  • Product Dimensions: 1.4 x 15.2 x 22.2 cm
  • Shipping Weight: 340 g
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Bestsellers Rank: #107,042 in Books (See Top 100 in Books)
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10 of 14 people found the following review helpful By Private Sector Sucker on Dec 8 2011
Format: Paperback
This book is a real eye opener. Pension Ponzi illustrates how Canada has become plagued with an enormous, bloated, militant public "service", which is most concerned with using extortion tactics to serve themselves. They're organized, they're well financed (with our tax dollars) and they're greedy and motivated. As such they have a lot of sway over our elections and our expenditure policies, and they have no qualms about living high on the hog today at the expense of the next generation.

This book cites countless empirical sources that clearly illustrate why we are having a global debt crisis: because public sector unions are collectively bargaining the industrialized world into bankruptcy. When you consider that approximately 80% of budgets go to salaries and pensions, and that massive deficits are now the norm everywhere, this is pretty hard to dispute.

Pension Ponzi illustrates the vast discrepancy in pay scales that have emerged between the private and public sectors:

"Current data shows public sector wages and benefits are about 40% MORE than they are for equivalent jobs in the private sector....Other benefits are so generous that the phrase, "Come for the maternity leave, stay for the pension" is jokingly used as a recruiting slogan...The joke, of course, is on private-sector taxpayers"

Pension Ponzi illustrates the vast discrepancy in pensions: "The average CPP benefit payment is $5,919 per year.
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7 of 10 people found the following review helpful By booksense on Dec 13 2011
Format: Paperback
I am thrilled that this book has been written(except that I wish that I had written it)!
Exceedingly well researched and explained, anyone can read the book and understand the situation, or crisis, with Candian government pensions.
Let's hope that the truth will lead to reform.
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5 of 9 people found the following review helpful By Johnny Boy on Dec 17 2011
Format: Paperback
For a long time I have known that the public sector unions were running amok with outrageous demands,which are far to often granted by government bureaucrats that for whatever reason don't know how to say "No".Finally a book that is long over due tells the real truth about how we have been had.
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0 of 2 people found the following review helpful By Antitroughfeedersunite on Aug. 21 2013
Format: Paperback Verified Purchase
This is a great book, finally exposing the trugh about unfunded pensions, & the significantly overpaid salaries plus benefits that most public servants receive.

I know most will bleme the unions, but this is the fault of gutless elected MP's, MLA's, Mayors, you name it. The name of the game is, "if I give you taxpayer money that I don't have, will you vote for me?"

School teachers in Canada is a prime example. Give us what we want or we will go on strike, so the poor parents have to try to find sitters, etc. Pure blackmail, from people who call themselves "professional".

We need an offsetting private school system, as well as an offsetting private health care system. As a taxpayer, we all know that Governments have never run anything efficiently & cost effective & never will.

We're doomed to bankruptcy unless something changes fast. As a non union non DB pensioner, I hope we go bankrupt. It is probably the only way to fix the really broken system. Then who will pay the fat cat DB pensions of the civil servants? noone.

Let's get on with it. We'll be just one step behind the US!!
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