Um, how isn’t this a thing already? (Millionaire=people who earn $1M yearly)
Sorry for Fox News, but it’s the best source with this headline and it says it’s bipartisan so we should probably be good.
Um, how isn’t this a thing already? (Millionaire=people who earn $1M yearly)
Sorry for Fox News, but it’s the best source with this headline and it says it’s bipartisan so we should probably be good.
Would just like to pop in here and say that terms like “millionaires” and “billionaires” typically refer to net worth/wealth, not income. This is why Jeff Bezos was able to claim some of the federal COVID aide because, despite being a multi-billionaire, his income in that year was below the threshold (I think it was sub-$100k) as income from investments didn’t qualify under the structure of the plan.
While I don’t necessarily disagree with the sentiment of people whose net worths are upwards of a million being able to claim unemployment, actually calculating net worth is extremely difficult to do, especially among the wealthy. That would put an unreasonable burden on the unemployment benefit system that would probably end up costing more in administrative costs than the money saved by not including to the ultra-wealthy in the benefit. Preventing the latter is the main benefit of universal programs
Even among the non-wealthy. For example, you might have some guy who has essentially no savings but who worked for an auto manufacturer and has a pension coming, compared to another guy who has a million dollars in his 401K but the annual income from that would be less than the first guy’s pension.
In the 90s, I didn’t qualify for food stamps. I had a minimum wage job, but the house I lived in had a washer and a dryer, which meant I was too rich for food stamps.
Were* those literally criteria that were used?
Yes.
That’s bonkers. I’m sorry you had to endure that.
That’s Indiana for you. And I survived despite it, so it all worked out, but thanks.
Not exactly related, I was a college kid looking to move out of my parents’ house back in 2007. I applied for Section 8 housing as my minimum wage job at the time technically met all the qualifications for it. I wasn’t allowed to receive it because I was in school at the time. You can’t be poor and go to college at the same time if you wanted a place to live, apparently.