Punishing the productive
For the past couple of weeks, I have chosen to work extra time at my job to try to make more money. Forty hours per week at about $9.50 per hour, after government deductions, is not enough. The problem is, as I have explained above, is the government deductions from each of my paycheques that causes financial difficulties for me in spite of my living a frugal existence. So I have to work longer to get to the point where after government deductions I have enough, which is again less than what I worked hard for and what I earned.
I need to work a minimum of 44 hours per week to earn enough because of the government deductions from my paycheques. If I was permitted to keep what I earned, if the government did not rob me every payday, I would not have to work more hours. Why is the government taking my money by force? E.I. (Employment Insurance) and C.P.P. (Canada Pension Plan) are there to help Canadian workers in the event of a job loss through no fault of their own (E.I.), and to help pay for Canadian workers' retirement (C.C.P.).
I have been on E.I., and it was never enough money, and I always felt I was being blamed and punished for my job loss which was of no fault of my own. I was laid off because of a lack of work. My employer laid me off. I had nothing to do with it. I had no choice in the matter. The government forcibly took my money for E.I. payments while I was working, and when I was laid off the government took the attitude with me that I did not want to work. The eligibility to collect E.I. constantly changes based on a area’s "unemployment rate", the number of hours one has worked, and past claims. I am forced to pay into E.I., but I am currently not eligible to collect E.I. if I lost my job from a lay off. My E.I. payments are used to pay those currently recieving E.I. benefits who are not working.
C.C.P. is another government "social programme" that I have been forced to pay into my entire working life. This money, that is taken from me by force, is not directly invested on my behalf. I do not receive a annual statement from the government of Canada informing me of my current retirement savings. It gets, like E.I payments, thrown onto the pile, and given out to those currently collecting benefits. When C.P.P. was introduced in the 1960s, those who retired received a large portion of their working income in retirement benefits. Today it is far less because C.C.P. is nothing more than a government run ‘pyramid scheme’ where everyone working is forced to pay, but only those who were lucky enough to get in early benefit. Retirees must rely on those working today to pay for their C.C.P. benefits.
For many years, I have had a Life Insurance policy with a private company. I have a copy of my entire policy in writing. I know exactly what my benefits are. I make a small monthly payment. As part of my agreement with the Company, I earn a dividend, which I elected to keep with the Company, and because of this I receive a small amount of interest on that dividend. Each year, the Company sends me a statement of my earnings.
Two private banks approved me for credit cards many years ago. I use these cards to borrow credit from the banks to be repaid in accordance with an agreement. I also have another revolving loan facility with one of these banks in which I may borrow credit at a low interest rate to be repaid in accordance with an agreement. These revolving credit loan facilities have helped me countless times in purchasing food, clothing, paying my apartment rent, auto repairs, and many other things I have needed and wanted.
The grocery store I frequently shop at has a ‘points system’ where I can use my accumulated points, acquired through regular purchases, to redeem for free groceries. I have redeemed my points many times for hundreds of dollars worth of groceries.
I opened a Tax Free Savings Account with one banks where I received a low monthly interest rate on my savings, but it is not taxable within certain limits. The TFSA is government controlled so there are limits to the amount one can deposit each year, this recently was lowered by about half, because the Canadian government apparently does not want Canadians saving money it cannot tax away.
After a long period of unemployment, a private company gave me a job which allows me to earn a living. Soon I will be offered Company benefits to choose.
The socialist policies of the government forcibly redistributes money from those who earned it, to those who did not earn it, and it does nothing but punish those who are productive, and to reward those who are not. The private sector uses consent where both sides have earned what they have recieved.