Did 2,362 Millionaires Get Unemployment Checks in 2009? (Answer: Yes they did.)
Did 2,362 Millionaires Get Unemployment Checks in 2009? (Answer: Yes they did.)
May 30, 2024 9:46 AM

The Congressional Research Service (CRS), a group that works exclusively for the U.S. Congress, issued a report with one of the greatest titles I’ve ever seen on a government document:

Receipt of Unemployment Insurance by e Unemployed Workers (“Millionaires”)

Now the first nine words are nothing special, typical policy-wonk speak. But whoever added in the word “millionaires” with scare quotes and parentheses is a genius. Most people would have been nodding off around the word “Insurance” but seeing millionaires (that’s such a quaint word nowadays) in the title makes you wake up and ask, “Wait, are they saying that millionaires got unemployment insurance?”

The answer: Yes. Yes they did. Millionaires have indeed been getting unemployment insurance. In fact, almost 3,000 of them in 2008 were on the dole:

Among tax filers with [adjusted gross e] of $1 million or more, 2,840 reported receipt of unemployment benefit e in 2008 and 2,362 tax filers reported receipt of unemployment benefit e in 2009. This represents 0.02% to 0.03% of all tax filers that reported receiving unemployment benefit e.

Admittedly, in the grand scheme of welfare programs 2,840 isn’t all that many people. But another 7.46 percent (816,669 tax-filers in 2008) took in between $100,000 and $200,000.

Keep in mind that this is based on adjusted gross e minus allowances for personal exemptions and itemized deductions. We’re not talking about farmers that made a million and then spent $990,000 paying for seed and farm equipment. This is the actual money you have left over after you’re accountant has worked her magic.

Because of layoff and cutbacks I’ve been unemployed twice since 2008. Neither time did it even occur to me that I should file for unemployment. I assumed (correctly, thank goodness) that I would soon find work. If I had been out of work for an extended period of time or had no savings then I would headed down to the Employment Office to take advantage of the safety net. But I believed at the time—and still do, for that matter—that unemployment insurance should be reserved for those in need.

I know it’s not popular to deny people a place at the public trough, but I’m going to take a bold stance and say that if you are in a household making $1 million a year you probably should turn down that unemployment check. In an era of political divisiveness, that should be one type of welfare reform that we can all agree on.

(Via: The Atlantic)

Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Use GoodSearch, support the Acton Institute
GoodSearch is a Yahoo!-powered search engine that allows you to designate a recipient charity of your choice. Once you pick a charity, each time you use GoodSearch that group will receive one cent. GoodSearch was founded by a brother and sister who lost their mother to cancer and wanted to find an easy way for people to support their favorite causes. The Acton Institute is now an option and can be designated as your GoodSearch recipient. Simply type in “Acton...
Brunner v. Barth
Related to Stephen’s last post, the result of this Googlefight speaks for itself: Emil Brunner versus Karl Barth. By the way, Wipf and Stock Publishers have reprinted the classic exchange of the Barth/Brunner debate, Natural Theology: Comprising “Nature and Grace” by Professor Dr. Emil Brunner and the Reply “No!” by Dr. Karl Barth. ...
Great Lakes wind power
A three-day meeting is scheduled to begin tomorrow in Toledo, Ohio, and is set to discuss the possibility of putting wind farms on the Great Lakes. The session is sponsored by the U.S. Fish and Wildlife Service and the Environmental Protection Agency among other groups, and will include conversations about “how to protect birds, bats and fish from the windmills.” According to the AP, wind farms on the Great Lakes would include “rows of windmills” that “would tower as high...
Kyoto hypocrisy
EUObserver: “New figures released on Thursday have revealed that the EU is falling far short of reaching its emissions targets under the international climate change treaty, the Kyoto Protocol.” HT: Townhall C-Log ...
A long, hard road
In today’s OpinionJournal Clint Bolick, president and general counsel of the Alliance for School Choice, gives an overview of the state-by-state successes of school choice advocates. One of Bolick’s important observations is that the move for increased choice petition in education is increasingly ing bi-partisan. Politicians who have been attached to the education establishment are beginning to realize that school choice is one of the most hopeful options available for those who are the neediest and the poorest. Those who...
Fight Club quote of the day
“I’m not in any way a violent person, but I enjoy getting out there and fighting when I can.” –Blake Cater, 22, of Burlington, NC, who videotapes backyard fights with his friends and broadcasts them on the web. More on Cater and the amateur fighting video phenomenon from today’s Washington Post, “On the Web, Punch and Click,” by Paul Farhi. Also check out a mentary of mine, “Our Slap-Happy Slide into Techno-Violence,” in which I argue, “The market must be...
Supreme Court update
The Supreme Court is in the midst of its busy season. Important decisions recently handed down include the death-penalty case, Kansas v. Marsh, and the campaign finance case, Randall v. Sorrell. Jonathan Adler offers an interesting analysis of the decision in a pair of cases, Rapanos v. United States and Carabell v. United States, which involved the the scope of the federal government’s regulatory jurisdiction over wetlands. Given the Court’s ambiguous record of protecting private property rights (see Kelo), Adler’s...
Monitoring African aid and development
Ecumenical News International (ENI) relates the launch last month of a new initiative in Africa, designed to “to mobilise a strong African voice in development.” The effort is called African Monitor and is led by the Anglican Archbishop of Cape Town, South Africa, Njongonkulu Ndungane. Anyone who spends much time at all looking at the economic development situation in Africa quickly realizes the lack of independent, nongovernmental, native voices. As African Monitor states, “This African civil society voice can thus...
Protestants and natural law, part I
So, why don’t Protestants like Natural Law? The short answer is: there isn’t a short answer. So starting now, and continuing for who knows how long, I plan to tell the story of the Protestant struggle over natural law, plete rejection by Karl Barth in the 1930s to the recent hint of renewed interest among Protestant intellectuals. My view is that natural law is a forgotten legacy of the Reformation — one that contemporary Protestants desperately need to rediscover. Along...
The limits of policy
“Be fruitful and multiply,” the Book of mands. Unfortunately, many modern nations are on the opposite track. Once worried about a phony “population bomb,” countries as diverse as Russia and South Korea are now wondering if they will shrink into irrelevance. Kevin Schmiesing looks at the cultural, religious and economic forces that produce healthy, hopeful societies. Read mentary here. ...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved