Posted on 10/04/2010 4:09:02 PM PDT by 2ndDivisionVet
Not in the case of unemployment insurance.
Congratulations! You just flunked Econ 101.
That those who paid the most into a system should be denied any benefits will ensure that they will go Galt.
Oh, I agree with you 100%. I just wanted to let everyone know how Unemployment Insurance works.
Galt’s Gulch?
http://www.LivingInThePhilippines.com
I guess before they write an article, they first ought to get a hand on what a millionaire is. It’s not someone who makes a million a year... rather, it’s someone who as accumulated $1 million or more in net worth (assets less liabilities). Geez.
I guess before they write an article, they first ought to get a hand on what a millionaire is. It’s not someone who makes a million a year... rather, it’s someone who has accumulated $1 million or more in net worth (assets less liabilities). Geez.
Took it years ago and passed out with an A.
Unemployment insurance is a government operated scam. The flaw in your thinking is that you believe an unemployment insurance premium "paid" to an employee to be a beneficial payment that accrues just to him. "Everything paid by an employer, on behalf of an employee". The employer is not getting a dollar worth of value for every dollar paid to an employee through the system. And there is no efficient market that tells the employer what the true value of the "insurance" payment should be for each employee. The employer can't shop the "insurance" on the open market. No real insurance company would write a policy that covers all workers in a company at the same rate.
You clearly don’t understand the point I was making.
True, the employer pays everything.
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