A Promise(yeah, like those fixed election dates)To Allow Business Owners Employment Insurance By Jim Bender

Zippity doo dah, Zippity Aye, my oh my what can we promise today? If campaigns are supposed to be about brains and who is the best leader , it appears the Conservative party certainly doesn’t seem to be as concerned with leadership than they do about devising new ways to spend your money without putting a heck of a lot of thought into how something may or may not work.
The new Small Business Employement Insurance Program as announced by Harper.
Harper claims that it may take $147 million to fund the program just for the first year, but when it gets going, it will apparently fund itself. That isn’t necessarily true. First it will take a massive number of small businesses to “voluntarily” sign-up in order for the program to become stable, and after that point as payouts increase, it will take a continual signing up of new small businesses in order to keep the program properly funded through business premiums(if the government isn’t injecting cash) in order to remain solvent. And will that startup money ever be repaid to the general accounts, or will it just “dissappear” into thin air, written off as a one time expense? That doesn’t sound like a self sufficiecnt program to me.
As time goes on, the usage of the program will increase, but perhaps the number of small business owners paying into the system may not increase as projected, and mostly that would be due to the possibility that there are massive privately operated programs already available at really competitive prices for almost any size of business, and those premuims are 100% tax deductible to the business operator. It just makes no sense why the government would make this program, when the majority of small busines owners will never have use of it or even have a need for it.
And with the introduction of government controlled small business insurance you can bet those private firms will be knocking down the doors of small business with better packages and lower rates that the government will never be able to afford…unless they subsidize the program.
On top of that, after the “big” announcment, Harper arbitrarily decided that (even though the big “plan’ didn’t include this next point) he would add the right to adopt and take time off of work…but only for 9 months, not 12.(This transpired after a public firestorm erupted over the lack of coverage for adopting parents so he immediately flipped, then flopped)
So, built into his new program is a potential discrimination suit which may expose the country to added expense beyond even the intital or continual funding of this program that really has very little benefit to the majority of Canadians.
The majority of Canadians…work for someone else. But it’s easy to see how people could believe this is like some great announcement….without thinking about it.
In fact, it’s the equivalent of winning some type of fools’ lottery and then you realize you were the victim of a ponzi scheme that just financed your winnings.
Jim Bender


  1. Anonymous
    Posted September 17, 2008 at 12:02 am | Permalink

    “but when it gets going, it will apparently fund itself.”

    Is that the same as saying it’s revenue neutral. šŸ™‚

  2. Anonymous
    Posted September 17, 2008 at 9:11 am | Permalink

    A green shaft cousin perhaps?

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