Posted on 08/14/2012 7:40:20 AM PDT by Responsibility2nd
Were any of them non-union?
“Department of Labor regulations require that unemployment benefits must be paid to all unemployed workers regardless of their income.”
So why all the crying? Next they’ll be complaining that millionares are collecting the social security checks.
If they were working and got laid off, why wouldn’t they be eligible for unemployment and if they have stocks and bonds that equal millions of dollars, so what. They do not ask how much money you have in the bank but what you made as an annual salary at your previous job.
At first I thought they were talking about celebrities.
The KEY point here is that these people paid their taxes and are entitled to the benefits, unlike most of 0bama rabble, who pay no taxes.
You are correct.
The sum total of a lifetime of work could easily be over a million dollars between a 401K and a house. You paid UE taxes while you worked. Why wouldn’t you be entitled to UE when you become unemployed? Especially as it is set up as insurance.
Coming next “Millionaires get SS and Medicare entitlements”.
Less than $10k per. which over the course of a year is less than $200/week. Ya’ think these beneficiaries paid into the system much???
Much of this, I presume, can be due to the massive lay-offs that took place. I received a large severance check when i was laid off which, combined with income and unemployment, gave the appearance that I made over $70,000 when, in reality, I was struggling with my career transition (and still do - I’ve been out of work the past nine months).
The money disappears so fast while you’re unemployed. I sure didn’t feel rich except for the brief time I found work about four months after getting the severance. I’m now almost to the point of cashing in my IRA because it is the last source of funds I have.
Wonder what their party affiliation is.
At least for now there appears to be some economic mobility. Unemployed one day, making some nice money the next.
I hope it works for me!
When I was growing up in Southern California in the 50s, it was fairly common knowledge that as soon as a film was wrapped, the actors and actressesincluding the biggest starswould take a trip to the unemployment office. They would draw unemployment benefits until they got their next job. They were very matter-of-fact about it. They were out of work, so they got the unemployment.
Don’t know if this still goes on, but if it does, this is where a lot of these millionaires are coming from.
2,362—two thousand three hundred and sixty two.
Out of about 10 million people who are receiving unemployment benefits.
That’s 0.02%, or 2 out of every 100,000 (one hundred thousand) people receiving welfare benefits.
There is massive abuse of unemployment payment programs, but this per se is not part of it - so long as these folks are genuinely looking for work and were in fact let go rather than they chose to retire or take a break.
I have seen no evidence that millionaires are more or less likely to cheat than anybody else.
Not surprised, a lottery winner was still collecting food stamps not long ago
We’re only talking about 2 thousand people out of 10 million.
The cost of processing the paperwork to ensure no millionaires get unemployment benefits would probably be more than the money being paid out.
There’s no financial benefit to the taxpayers to try and stop this.
Its human nature. If you’re offered something for free, you’ll take it. I don’t blame those who take it, but the government for giving it
“don’t hate the player - hate the game” ;)
Free, you say? Didn’t their employers pay for the unemployment insurance?
Considering that for some it has taken a long time to find a new job, might as well sign up for unemployment benefits, even millionaires have bills to pay.
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