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Saturday, August 02, 2014

The Usual Situation

The Canadian Federation of Independent Business (CFIB) is foaming at the mouth at Ontario Premier Wynn's proposal for the Ontario Retirement Pension Plan (ORPP). They object that the plan, in which workers and employers would each contribute 1.9% of their annual earnings up to $90,000, would cut into profits of small businesses, forcing some into bankruptcy. It would also cut into take-home pay of workers so everybody loses something – the usual situation under capitalism. John Ayers.

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