If uninsurance worked the way it’s supposed to — as insurance — then there would be no problem with this. Doesn’t matter what you make, if you pay into the system and lose your job, you get the benefits (e.g., insurance payout).
But, with all of the extensions/etc, uninsurance has become little more than another form of welfare, so there should be some level of means-testing (certainly enough to weed out high earners like this).
Exactly right. I got unemployment beneftis for 78 weeks and technically can reapply for 10-13 more weeks.
The payments employers made were based on a formula the Government dreamed up and demanded they pay before TSHTF.
The Feds unilaterally decided to force the States to borrow from the Feds to pay for a new Federal largesse of additional weeks and months of “benefits” to the unemployed.
The State governments also thought providing “free money” was a grand idea!
Now guess who actually gets to pay for the “State” debt to the “Feds” for the humanitarian largesse?
That would be the private employers.
And guess who is not hiring?