Thousands of Millionaires Collect Unemployment

Quote from burninator : No employee is, really. But the policy is paid for on behalf of all regular employees. UI benefits are a policy payout, not an entitlement program.

Exactly. If an employer pays the insurance to the fund on behalf of their employee they include that expense as a part of that employee benefit package. Even if this not explicitly written in the contract.

As an example: if some well paid Wall Street broker loses his job he wold be eligible to collect unemployment benefits independently of the size of his baking account.
And why not? he has a mortgage on his Manhattan hi-rise condo, a loan on his Porsche, college payments for kids, etc.

and considering that the we have already lowered payroll taxes, WHO do you think is currently footing most of the bill ?

And when Obama signed the extension of UE benefits, WHO do you think again is footing the bill?

Of course typical rich people who are already well-off can't just pass up something for the common good.. And people wonder why we call the rich....SELFISH

These are the same people who already pay a far lower income tax then the rest of the working citizens, and still they can't help but mooch off the extra taxpayer subsidies UE...

Quote from Ryu-bom : http://abcnews.go.com/blogs/busin...mployment/ Some people got no shame.....

How true! Stirring the pot and foment class warfare in a country ravaged by economic crisis in the name of winning the election... Isn't it a promotion of the further decline?
http://www.ourcivilisation.com/to...asswar.htm

Unemployment is NOT an entitlement program.
They paid for it.

Yes & they are legally eligible to recieve it

/thread

Quote from procop : How true! Stirring the pot and foment class warfare in a country ravaged by economic crisis in the name of winning the election... Isn't it a promotion of the further decline? http://www.ourcivilisation.com/to...asswar.htm

not as fast as a culture war......

all countries where the unbalance of wealth ends up in destruction, its just that the rich last moments are ended horribly..

So the question is how would society balance such issues to prevent its own self-collapse.. Obviously failure to try is what will cause its own destruction..

at the end some people like to give it a PC name like class warfare when in the end its really boils down to greed and self-fishiness

The problem at the end is when the rich gets dragged out in the open, tortured, tarred and feathered, they will find that nobody ( all those underneath them before ) will be there to care about stopping the mob, just like they NEVER CARED when they were living it up before...

Quote from Ryu-bom : and considering that the we have already lowered payroll taxes, WHO do you think is currently footing most of the bill ? And when Obama signed the extension of UE benefits, WHO do you think again is footing the bill?

China.

Quote from Krazen1211 : China.

i.e at the end TAXPAYERS

so there is nothing about UE that is all privately self-sustaining as some of the posters here like to have people believe...

It is at the end a ENTITLEMENT program or at least a quasi-version of it

Quote from Ryu-bom : i.e at the end TAXPAYERS so there is nothing about UE that is all privately self-sustaining as some of the posters here like to have people believe... It is at the end a ENTITLEMENT program or at least a quasi-version of it

Only because Obama stupidly keeps increasing the amount of time you can be on it.

Quote from Ryu-bom : and considering that the we have already lowered payroll taxes, WHO do you think is currently footing most of the bill ? And when Obama signed the extension of UE benefits, WHO do you think again is footing the bill? Of course typical rich people who are already well-off can't just pass up something for the common good.. And people wonder why we call the rich....SELFISH These are the same people who already pay a far lower income tax then the rest of the working citizens, and still they can't help but mooch off the extra taxpayer subsidies UE...

You're talking about two different programs now. UI is an insurance program mandated by the federal government and funded by employers. EUC is a benefit program that is mandated and funded at the national level and administered through the states' UI systems.

Are you angry about millionaires collecting unemployment insurance payouts or EUC benefits?

this is fine. social safety programs should apply to all citizens.

Quote from Ryu-bom : not as fast as a culture war...... at the end some people like to give it a PC name like class warfare when in the end its really boils down to greed and self-fishiness The problem at the end is when the rich gets dragged out in the open, tortured, tarred and feathered, they will find that nobody ( all those underneath them before ) will be there to care about stopping the mob, just like they NEVER CARED when they were living it up before...

Fortunately we as a nation not in position where class disparity reach these levels. Unlike what happened to those countries in the Middle East where the elite did not recognized the danger on its early stages and nobody in the outside world (read USA) pressured them hard enough to do so.

But the gap between very rich and the middle class continues to rise in this country. It's an interesting topic for a separate thread.

Quote from procop : Fortunately we as a nation not in position where class disparity rich these levels. Unlike what happened to those countries in the Middle East where the elite did not recognized the danger on its early stages and nobody in the outside world (read USA) pressured them hard enough to do so. But the gap between very rich and the middle class continues to rise in this country. It's an interesting topic for a separate thread.

I said it all along, the rich and middle and poor class disparity is a bigger gap then alot of people care to admit it or see it as such..

The fact remains is that we have millions of chinese slaves providing us with materials that make it seem that even the poor are better off.. As long as the chinese are in that little wedge, the actual disparity gap is not really felt..

Once the chinese quit being our slaves and the rest of the world won't bother accepting US trojan horses ( $$$), the real disparity will be seen.

This is why alot of people say how can you say you are poor and so much worst then those richies , you got a cell phone same as they, you have car same as they, you have a PS3 same as they... However that is not wealth, having access to consumer stuff isn't wealth...

Our disparity is alot wider then what people like to admit, as long as the chinese are around we won't see it. Once they world stop supplying us, oh boy will you see how bad you are really off compared to those above you

Quote from Ryu-bom : i.e at the end TAXPAYERS so there is nothing about UE that is all privately self-sustaining as some of the posters here like to have people believe... It is at the end a ENTITLEMENT program or at least a quasi-version of it

Well, some taxpayers.


Under Obama, the rich have gotten 93% of income gains. So they're paying.