thegreekdog wrote:So what should be the cut-off in salary for people to receive unemployment benefits?
I couldn't really answer that, to be honest. I'm simply not knowledgeable enough. But it seems to me that it would certainly be somewhere below "millionaire".
Is the designation "millionaire" determined with reference to salary (before the person is unemployed) or net worth?
The reason I'm asking these questions is that, thus far in this thread, unemployment compensation is being viewed as a form of welfare. And I suppose it is. But it's a little different, I think, than how I think it's being characterized in this thread.
Unemployment comepnsation is funded by companies who have employees through federal and state unemployment taxes. This is not something where you (Woodruff) are paying taxes that go to millionaires for unemployment. Companies that employ people are paying a percentage of what they pay people to the unemployment funds so that if and when those people are unemployed, the government can pay out of the unemployment fund. It is more like employer-paid social security than anything else.