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.
Even without the IRS, most states already calculate unemployment benefits based on income. This shouldn’t need much bureaucracy.
I don’t see inflation getting so bad that anyone with a million dollars every year need unemployment to survive in the next century unless a war occurs on our land or we run out of resources, by which time all laws should change drastically.
There is 1.8 million of unemployed people on unemployment insurance. Thousands is a drop in the bucket. You are looking at saving, what, 0.1% of the admin cost because a couple thousand people use it that don’t need to? You are literally looking at saving around 26 million dollars per year with this measure (maximum payout is $500 per week). That’s nothing for an agency that spends over 100 billion per year.
At 3% inflation in 50 years, 500k will be like 100k today in 50 years. In 100 years, 2 million will be like 100k in today’s money. It does not take long for inflation to catch up. 3% is the historic average for inflation in the US.
This is an old conservative trick, don’t fall for it. If we must have means tests, they must be indexed to inflation otherwise they turn into rollbacks of social programs with time.
I get your point with inflation now (the bill’s text hasn’t been released so hopefully it does talk about inflation), but 26 million per year is 26 million per year saved. Beyond the percentages there’s also actual money.