Its happening in every state.
I’ll never forget when I had a very simple equipment buy-sell business and I became “compelled”, let’s say, to “legitimatize” the business and get my single employee onto worker’s comp, pay unemployment insurance, and develop accounts for withholding taxes.
Before, I just wrote him a check for $1000.00 every Friday and it was more money than he’d ever made in his life. (This was 1991)
After, I think his check was about $671.
The more people receiving unemployment benefits, the better the economy.
We really don't need employers. Driving them out of business through exorbitant unemployment insurance costs is good business.
When all private employers are gone, we'll all be rich!!!
$1.06 billion in 2009? How many unemployed does Colorado have?............
This just in... Colorado employers reluctantly terminated 87,922 workers this month due to an increased state levy for unemployment compensation. "If we pay the state, we can't afford to pay the people. We had to let them go," said Dagny Rearden of the Chamber of Commerce. The 87,922 people promptly went on unemployment. This just in... Colorado employers reluctantly terminated 93,412 workers due to an increased state levy for unemployment compensation. The 93,412 people promptly went on unemployment. This just in... |
Pennsylvania had to do this back in the early 80’s when the steel industry collapsed. It took 15 years of increased taxes to pay the money back to the Feds.
All we have here is a bunch of rich fat cat business who aren’t willing to pay their fair share. Remember: the longer unemployment benes are extended, the more jobs that are created!!!!
This is nothing compared to the public employee retirement fund crisis that is going to slam CO in the next decade or so. It’s going to get real ugly.