Current Events — HabitableZone

Current Events » in reply to WSJ gets it wrong, jobless benefits CUT unemployment

Nope. I'm not.

Follow the money, Eri. If you have to, put a bunch of quarters on the table and move them around.

Two flaws in your reasoning:

First, businesses pay people to produce goods and service for that salary, not for doing nothing. A business pays you to make the business more money than it had to begin with. New wealth. Unemployment benefits are a wealth sink. Whether or not they help people survive, they don't produce wealth.

Second, states exhausted unemployment insurance benefits a long time ago. Remember, the system was designed for 26 week payments, and the insurance "premiums" take that into account. The 99-weekers are eating Federal income tax money.

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