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And the GOP finds a way to hurt the middle class, once again....!
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<blockquote data-quote="wkmac" data-source="post: 950091" data-attributes="member: 2189"><p>It might also prove problematic if challenged in court because the employee as a result of his/her labor pays an insurance premium every pay period and this insurance is not optional, it's mandatory. This also means unemployment is not welfare (don't pay in, don't draw out) and I'll use myself as example. I've been in the workforce paying unemployment premiums (my employer gets the credit for paying but the money comes as a result of my labor so I really pay it) for over 40 years and I've never drawn the 1st dollar in claims. My guess in all those premiums paid and with a very modest rate of return on that money, if I drew 99 weeks, I've still not drawn what I've paid in. Now ask the question if such unemployment system were not gov't administered but were instead piggybacked onto some form of retirement system, the incentive in the case of unemployment might become different. I also feel the same way about job injury coverage and disability. Placing the money paid out now into the untaxed column of said employee's paycheck who purchases such coverages but like some form of cash value policy over time, no drawing on these funds leads to cash value buildup where at some point the policy itself pays it's own premium or you piggyback these insurance accounts onto a retirement fund and then the incentive for employees pays off real big at retirement time. That's just one idea of many, even some I've not thought of so where's the limited staters on stuff like this?</p><p></p><p>Listen, hear those cricketts! </p><p></p><p>Now go ahead and keep talkin' all the bullschitt!</p></blockquote><p></p>
[QUOTE="wkmac, post: 950091, member: 2189"] It might also prove problematic if challenged in court because the employee as a result of his/her labor pays an insurance premium every pay period and this insurance is not optional, it's mandatory. This also means unemployment is not welfare (don't pay in, don't draw out) and I'll use myself as example. I've been in the workforce paying unemployment premiums (my employer gets the credit for paying but the money comes as a result of my labor so I really pay it) for over 40 years and I've never drawn the 1st dollar in claims. My guess in all those premiums paid and with a very modest rate of return on that money, if I drew 99 weeks, I've still not drawn what I've paid in. Now ask the question if such unemployment system were not gov't administered but were instead piggybacked onto some form of retirement system, the incentive in the case of unemployment might become different. I also feel the same way about job injury coverage and disability. Placing the money paid out now into the untaxed column of said employee's paycheck who purchases such coverages but like some form of cash value policy over time, no drawing on these funds leads to cash value buildup where at some point the policy itself pays it's own premium or you piggyback these insurance accounts onto a retirement fund and then the incentive for employees pays off real big at retirement time. That's just one idea of many, even some I've not thought of so where's the limited staters on stuff like this? Listen, hear those cricketts! Now go ahead and keep talkin' all the bullschitt! [/QUOTE]
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And the GOP finds a way to hurt the middle class, once again....!
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