Big increases in EI

[Topaz]

The Tories took a 57 Billion surplus in the EI fund and put 30 Bil towards the debt and they took only 2 Bil and set up a new EI fund. I'm sure with over 700,000 Canadians drawing on EI that the EI money is gone or nearly gone and now the Tories will have to rise what is take off your pay cheque to make up the 10.5 billion in payroll taxes. http://www.windsorstar.com/news/warn+emplo...4502/story.html

[bush_cheney2004]

....I'm sure with over 700,000 Canadians drawing on EI that the EI money is gone or nearly gone and now the Tories will have to rise what is take off your pay cheque to make up the 10.5 billion in payroll taxes.

Why? Is EI a constitutional right? Entitlement program? Or slush fund for votes?

[Craig1]

Why? Is EI a constitutional right? Entitlement program? Or slush fund for votes?

It was originally for Employment insurance until it became just another Tax

[fellowtraveller]

I love the idea of self-employed people being eligible.

First thing I do when that is enacted is lay myself off. repeatedly.

[lily]

This can`t be right. It was the Libs who stole from the EI fund.... the Cons would never do such a thing.

[Bonam]

Meh we really need to be able to opt out of this useless system. Save up for your own rainy day, don't make the government force other people to save up for you.

[punked]

Meh we really need to be able to opt out of this useless system. Save up for your own rainy day, don't make the government force other people to save up for you.

Then it isn't insurance.

[madmax]

I love the idea of self-employed people being eligible.

First thing I do when that is enacted is lay myself off. repeatedly.

Sounds more like an extension of the current program. Regardless, there is nothing on the Table for Self Employed people to receive EI funding.

However, if you understand how it would work, it works similar to the way a commissioned sales person receives a draw.

Or for those who pay for Electric Heat, your bill is balanced throughout the year, vs bankrupting you in the winter...

People and even governments aren't as stupid as you suggest.

[madmax]

Meh we really need to be able to opt out of this useless system. Save up for your own rainy day, don't make the government force other people to save up for you.

Yeah, things sure were good before Unemployment Insurance was created.

Lets go back to that era...

[madmax]

It was originally for Employment insurance until it became just another Tax

Therein lies the problem.

In the last 13 years, the Liberals and Conservatives used EI for their own slush fund, to help out their billion dollar friends and suck EI dry. So when the Billion Dollar Friends, relocate their Hundred Million Dollar Operations and put 1000s of employees out of work, the Cons are happy to say, here is a tax cut for you on behalf of those people being walked out the door.

Ironically, the Government wants to pull a fast one, and get the same employees to pay TWICE into the system.

The Employees didn't rob the EI treasury, But Stephen Harper did, and he is proud of it.

[whowhere]

Therein lies the problem.

In the last 13 years, the Liberals and Conservatives used EI for their own slush fund, to help out their billion dollar friends and suck EI dry. So when the Billion Dollar Friends, relocate their Hundred Million Dollar Operations and put 1000s of employees out of work, the Cons are happy to say, here is a tax cut for you on behalf of those people being walked out the door.

Ironically, the Government wants to pull a fast one, and get the same employees to pay TWICE into the system.

The Employees didn't rob the EI treasury, But Stephen Harper did, and he is proud of it.

People should see EI for what it is: an extra tax on low income earners. After around $40000 no more EI is deducted from your income. What should be done is EI is paid regardless. If you get a paycheque you pay it whether its a pay cheque for $500 or $500000 and no income cutoff. This also goes for CPP. I accept EI and CPP as another tax. Its time it be treated as such and levied on all income, period!

Why should people making more than the EI cap get even more money to spend? All this taxation scheme does is reward those who makes the most money and needs it the least.

If you work and/or draw a paycheque from whoever you pay! case and point.

[Topaz]

Think about, workers have EI taken off their pay cheque each week and if you happen to lose your job, mostly by the actions of the government, you draw your own money out of the EI Fund and then you are taxed on the amount of money you get. By letting the employers pay into EI that just gives the government more money to help themselves get out of the money crunch they have themselves in.

[M.Dancer]

Think about, workers have EI taken off their pay cheque each week and if you happen to lose your job, mostly by the actions of the government, you draw your own money out of the EI Fund and then you are taxed on the amount of money you get. By letting the employers pay into EI that just gives the government more money to help themselves get out of the money crunch they have themselves in.

You should perhaps rethink about it..

you draw your own money out of the EI Fund and then you are taxed on the amount of money you get.

The maximum contribution is $730ish per year....the worker only needs 2 weeks to recoup his yearly payments...

if you happen to lose your job, mostly by the actions of the government,

That's a toasterism

[whowhere]

Think about, workers have EI taken off their pay cheque each week and if you happen to lose your job, mostly by the actions of the government, you draw your own money out of the EI Fund and then you are taxed on the amount of money you get. By letting the employers pay into EI that just gives the government more money to help themselves get out of the money crunch they have themselves in.

Chances are if you are kicked out of your job and pushed to collect EI its because of some dick making more than $40000. All income paid should be subject to EI tax. Maybe instead of an amount deducted, it should be a percentage of income. 4 % sounds about right. So If you make $20000 you pay $800, if you make 200000 you pay $8000.

It's time it is recognized if you draw a pay cheque you are a loser and you pay. After having anyone drawing a pay cheque paying and it is established EI is overfunded, Lower the percentage.

EI has to stop being a tax on the poor and put as a burden to those who cause unemployment.

[Bonam]

It's time it is recognized if you draw a pay cheque you are a loser and you pay.

What? Anyone who gets paid is a loser? Care to elaborate?

EI has to stop being a tax on the poor and put as a burden to those who cause unemployment.

Also the same people who create the jobs in the first place. Great idea.

I think you need to put some more thought into your ideas, whowhere.

[M.Dancer]

EI has to stop being a tax on the poor and put as a burden to those who cause unemployment.

Fickle consumers?

Innovative entrepreneurs?

Who do we blame the record number of unemployed telex repairmen on?

[M.Dancer]

Chances are if you are kicked out of your job and pushed to collect EI its because of some dick making more than $40000.

Wouldn't that be...just about everyone?

[whowhere]

Wouldn't that be...just about everyone?

Problem Solved, EI will be well funded and the National Debt done away as that is where the conservative like to stuff the money.

[whowhere]

What? Anyone who gets paid is a loser? Care to elaborate?

Also the same people who create the jobs in the first place. Great idea.

I think you need to put some more thought into your ideas, whowhere.

There are other ways to make money that has nothing to do with earning a pay cheque. One primary Area is investing in the Stock Market. Had you bought Teck Resources in March and Sold today you would be realizing an %800 percent return in 4 months. Any Commisioned Based position requiring you to generate a transaction is not a pay cheque. There are lots of ways that involves specialized knowledge or good luck which translates into wealth.

If you should be fortunate enough to accumulate a million dollars in your money aquisition you could then put that money into a Government of Ontario Bond which will earn about 5 % which equals $50 000 a year. That is not a pay cheque and would not be subject to EI tax.

These examples are available to anyone and everyone. Because you people lack the acumen you posture yourselves as elite and dicks in the working economy when in fact anyone who draws a pay cheque is a dumbass loser who hasn't got what it takes to grab the money that is out their on the table each and everyday on all the capital markets around the world.

EI tax should be percentage of pay, paid without exception period.

[M.Dancer]

If you should be fortunate enough to accumulate a million dollars in your money aquisition you could then put that money into a Government of Ontario Bond which will earn about 5 % which equals $50 000 a year. That is not a pay cheque and would not be subject to EI tax.

No...no..it would not be subject to an EI deduction...but it would be subject to capital gains...which do you think takes a bigger bite? The $730 a year deducted for EI or capital gains on $50,000?

You might want to take your time on that....

[benny]

No...no..it would not be subject to an EI deduction...but it would be subject to capital gains...which do you think takes a bigger bite? The $730 a year deducted for EI or capital gains on $50,000?

You might want to take your time on that....

It's a political forum! You can reinvent the world here! Don't take the tax code for granted! Come on!

[Bonam]

There are other ways to make money that has nothing to do with earning a pay cheque. One primary Area is investing in the Stock Market. Had you bought Teck Resources in March and Sold today you would be realizing an %800 percent return in 4 months. Any Commisioned Based position requiring you to generate a transaction is not a pay cheque. There are lots of ways that involves specialized knowledge or good luck which translates into wealth.

If you should be fortunate enough to accumulate a million dollars in your money aquisition you could then put that money into a Government of Ontario Bond which will earn about 5 % which equals $50 000 a year. That is not a pay cheque and would not be subject to EI tax.

These examples are available to anyone and everyone. Because you people lack the acumen you posture yourselves as elite and dicks in the working economy when in fact anyone who draws a pay cheque is a dumbass loser who hasn't got what it takes to grab the money that is out their on the table each and everyday on all the capital markets around the world.

EI tax should be percentage of pay, paid without exception period.

I'll give you three guesses what would happen if no one worked an actual job and everyone just got their money playing the stock markets...

[benny]

I'll give you three guesses what would happen if no one worked an actual job and everyone just got their money playing the stock markets...

It's not about working or not working here but about voluntarily or involuntarily working or not working.

Edited July 22, 2009 by benny

[Molly]

I'll give you three guesses what would happen if no one worked an actual job and everyone just got their money playing the stock markets...

LOL Reminds me of one fellows assessment of the Amway spiel: "Surely, someplace along the line, somebody has to sell some soap!"

[Jerry J. Fortin]

LOL Reminds me of one fellows assessment of the Amway spiel: "Surely, someplace along the line, somebody has to sell some soap!"

Directed taxation, like EI is a good thing. In fact if we must keep income taxes, splitting them up to provide the transparency we desire seems to me like a logical move.