21 sats \ 5 replies \ @grayruby OP 29 Aug \ parent \ on: Canada Pension Plan to spend 300M plus on new office lol
The Star has become very leftist and typically I don't read their stuff but considering this is a crown corporation funded by forced taxation it is pretty fair for the public to know why they are spending hundreds of millions of the investment fund's reserves that is supposed to go to Canadian pensioners on a new office 5 minutes down the road from their current office.
I just know the optics like this are not good despite potential logical reasons for doing so. On one side, the logical reason is that there is something wrong with the old office and they chose a dumb narrative, ignoring the potential greater cost of not moving offices. On the other end, maybe they are scheming with a local contractor to make an overly expensive office where certain items are marked up higher to land in the pockets of decision makers. Or it could just be that tax funded news corp is salty that tax funded CPP has a bigger office and they wanted a fancy office too
I had some roommates in Canadian government and they also had some office migration drama. The reality is there are a lot of full of themselves decision makers who have a ton of blinders on due to their own arrogance and make bad decisions. It seems to be the rule and not the exception. This is true for any large org, not just government. I guess i just dont like the comparison of paying for an office vs paying out organizational overhead. Its an apples to oranges comparison that knee-jerks me into, “well that’s obviously some kind of think tank propaganda that has their own agenda and using that talking point to distract us from the real reason they dont like that office”
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Fair on all points.
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Sorry, I edited adding a paragraph, you’ll want to double check the “all points” part haha
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"I guess i just dont like the comparison of paying for an office vs paying out organizational overhead"
Can you expand on what you mean here because office space is part of organizational overhead. The question lies in how much overhead is reasonable when the overhead is ultimately paid by the taxpayer, whether directly through CPP contributions or through the returns earned on their capital.
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We are outsiders, we have no concept of how much is too much.
This might seem unrelated, but I spend a lot of money eating out even though I would save a ton by eating at home. However, I don’t have the time or ability to communicate to anyone that may be critical of this choice why it is better for me. It would take hours to give all the reasons to explain my personal situation.
So when I see an article like, “millennials spend too much on coffee” it instantly reeks of a clickbait narrative that doesn’t contribute to any meaningful solutions around the actual problem of the economic decisions behind having coffee out and how prices are skyrocketing. It’s an ego trip to finger wag an arbitrary group of people.
Maybe there are legit reasons what millennials are dumdums, maybe there are legit reasons CPP is overspending. All I know is the article is primarily intending to aggravate, not inform, which causes my guards to go up immediately
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