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2018 Poet of the Year
Gloria ....


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RE: Only the Facts, Please
In a nutshell, unemployment/employment benefits and pensions are cost-sharing insurance funds. Employers and employees are "taxed" up to a maximum amount per year, (about $900/yr) and those amounts are used as deductions from total taxable income. The government's CPP and EI Investment Boards manage those funds. EI and the amount of CPP received are based on each year contributions were made and average annual earnings. Self-employed entrepreneurs can contribute to both CPP and EI, but they have to make provision for that on their tax returns. Disability insurance can be purchased privately and is often provided as part of the benefit package paid for by employers. Disability benefits are also available through the Workers Compensation Board.

So in practice, at least, employment and pension funds are self-sustaining and cost the aggregate taxpayers nothing except for government employees hired to process tax returns, and manage these funds. The most recent triennial report by the Chief Actuary of Canada indicated that the CPP is sustainable over a 75-year projection period. There are however government subsidies available to low-income seniors that are in my opinion necessary.






kiwisteveh


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RE: Only the Facts, Please
Your nutshell is a bit too small and only refers to Canada...

What about people who need financial support who have never (and can never) contribute to the self-sustaining fund? What happens to those who for whatever reason don't purchase disability insurance? Do we just let them become homeless?

Much more to say but no time right now.


2018 Poet of the Year
Gloria ....


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RE: Only the Facts, Please
I guess two days is more than enough to wait for the promised "analysis" that will never arrive. Should you ever get around to it, Steve, please include universal healthcare too.

No president has fallen from grace as fast as Biden. He hasn't been able to unify his party, and he has failed at working across the aisle. His alleged superior foreign policy experience crumbled under the dead-weight of a rash withdrawal from Afghanistan that he still hasn't answered for. His trustworthiness was tarnished by a sneaky, back-stabbing submarine contract and apathy in the face of a burgeoning border crisis. He failed in bringing an end to the COVID pandemic and inflation is on the rise for the decade to come because of his flawed fiscal policy. The worst failure of all is that he and his administration did not predict any of these easily anticipated crises, a failure that I attribute to the arrogant snobbery of the elites in the Democratic Party. They are simply out of touch with the pressing issues of concern to middle-class Americans. And to add insult to injury Fox News, OAN, and other online pundits have hogtied the mainstream media in terms of how they can cover Biden's presidency because if they reported accurately Biden would not be getting any positive air time anywhere. The Democrats continue to be outwitted and outplayed because they act like a cat chasing a mouse Trump and his cronies pull around on a string.

All the while Biden stubbornly sticks to his ineffective methods to a disgraceful end of his one-term presidency. He has never been in a leadership role before and his inexperience shows, and my empathy for President Obama grew tenfold.



kiwisteveh


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RE: Only the Facts, Please
No, I never promised an analysis, but I did ask a couple of probing questions, which you ignore.

Yep, Biden's not having a great run right now, but don't you think it's a little early to write him off as completely and as viciously as that?

I never thought he would be a great leader - we all know why he got elected - to be an Anti-Trump and I always thought he would only be a one-term wonder.

So now you are against universal healthcare as well? We should all have health insurance and damn those who don't?

No safety nets of any kind for when the high-rope performers overbalance?


2018 Poet of the Year
Gloria ....


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RE: Only the Facts, Please
I never said any of those things. I answered your questions, and my response is not vicious. It is a statement of fact.

kiwisteveh


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RE: Only the Facts, Please
I don't see where you answered my questions about what to do for the poor and unemployed if you don't have social welfare schemes.

And not vicious? Really? You pile the whole weight of the world on poor old Joe's shoulders and then stab him in the back by predicting that it is solely his fault that inflation may rise for a decade. You only missed sticking it to him for the bottleneck in getting kids' Christmas presents delivered, the rise of China, white supremacy and the Kennedy assassination!


2018 Poet of the Year
Gloria ....


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RE: Only the Facts, Please
I told you how Canada manages EI, CPP and disability insurance. What has Christmas got to do with anything here, Steve? Biden is the President of the United States of America, so it is hardly fitting to call him "poor old Joe". Now that is truly vicious.

kiwisteveh


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RE: Only the Facts, Please
It was you who blamed his fiscal policies for inflation over the next decade, thus adopting the 'blame the president of the US for every possible thing that goes wrong in the world' mentality of the screwier participants in this forum.

You labelled this thread facts only and then make wild speculation about global financial consequences, apparently so you could lay that at Biden's door.

The only question is why.


AnnaLinda

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RE: Only the Facts, Please
One woman here makes so much more sense than a rotten kiwi.

kiwisteveh


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RE: Only the Facts, Please
Why hello, Anna. So glad you could join us. the rottenness of your soul permeates through everything you post.

   
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