Reply #11: Much like the first Star article made little sense [View All]

[mynameisearl]

when they said they should build up the Employment Insurance program that has a 50 billion dollar surplus this article males little sense in comparing the two programs . This new program is aimed squally at the middle class who maybe able to sock away a little less then a 100 dollars from each paycheck which would max you out under the rules.
The British program is for triple the amount and requires investment in the stock market for the majority of savings unlike the Canadian plan .

One quote i am troubled by was ...

"But almost invariably, the only people who participate are the ones with lots of spare cash – the sort of people who already do save and who would have saved anyway. So it ends up being a giveaway to the wealthy middle class."

What the hell does "almost invariably" mean ? could you put a number to that ? and what is the "wealthy middle class" I am middle class but i am sure not wealthy and i may be able to put away near 5 K a year but i sure could not afford to put 15 K away like the British plan let alone risk it in the stock market like the British plan requires .

I file my taxes jointly with my wife like many married couples in Canada so we would only be entitled to 5 K in a tax free account . This program will help us with our disabled child and putting our other daughter through college , i just don't see how anyone could be against that .

I do see why the Toronto Star is losing readers at one of the fastest paces of any dailies in a city that is growing so quickly