Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Affiliated Sites | Home RSS

Millionaires should not be collecting jobless benefits

October 8, 2012
The Mining Journal

Nearly 2,400 Americans with household incomes of $1 million or more a year received unemployment compensation benefits in 2009, the Congressional Research Office reported last week.

A published report on the situation notes eliminating such benefits "is one idea being considered" by members of Congress.

What's to "consider"?

President Barack Obama and fellow liberals in Congress want higher taxes on high-income and many middle-income Americans.

If you make more money, you should pay more in taxes, we believe. That said, punishing people simply because they are successful is not a good idea on the face of it.

But this is different. Programs such as unemployment compensation were intended to be safety nets for people who cannot reasonably be expected to cushion their own falls in times of trouble.

Millionaires do not fit in that category. Congress should stop handing them benefits they don't need.



I am looking for:
News, Blogs & Events Web