[quote=markmax33][quote=SK in CV]Madmaxx, you don’t pay 3% of your paycheck to unemployment. Your employer pays it. And it’s not 3%, it’s a floating rate based on employer’s unemployment experience rate. And it’s not on all wages, in California and most other states, it’s only on the first $7K of annual wages.
I can’t deny that there is some abuse. I suspect the level of abuse is small. But it isn’t enough money to maintain the lifestyle compared to a full paycheck. With somewhere between 9 and 17% unemployment, it is among the most “common man” government program that exists.[/quote]
If my company pays it on my behalf it still comes out of my salary no matter what hocus pocus you believe. The money the employer and the GOV pays into these programs is such a waste. 50% is probably blown in DC paying the heads of the programs out $140k salaries before it ever gets out to the people. I don’t like 50% returns on the dollar. Some of us have a network of friends to rely on in tough times and a good nest egg, some of us most not have friends.[/quote]
I am with you SK. I think unemployment is one of the welfare programs that actually works, even though there is some abuse. Falling back on that meager $900 a month (if you had a high-paying job before being unemployed, since it’s a sliding scale in CA) after making 6 figures is really not much compensation. As for mooching off your friends…really?!? You’d rather move in and mooch off a friend than get the limited benefit paid in from your working years? I bet you’d go live with your mother in her basement. Will you turn down your social security check someday too? (yes, I know that the SS tax I pay from my earnings now will never come back to me as they are being paid out as we speak).
