Austrian Anarchy's Journal: Unemployment Insurance: What a Ripoff!

Besides me and Professor Walter E. Williams, it does not look like many others understand who is really paying their payroll taxes. I try to clear up some myths in this article.

Unemployment Insurance (UI) is a payroll tax, pure and simple. Just like everything in this category, the people who pay the tax in the end receive very little value for what they pay and it does not even resemble any product that could legally be marketed as insurance by anybody outside of government. The typical American worker labors between 40 and 45 years, paying into this system the whole time, while his chances of receiving even half of what he paid are slim.

Yep

[smittyoneeach]

I was unemployed, but got severance, which they treated as regular pay, and wouldn't do a thing for me until it ran out. By which time I managed to be employed again. Not that I feel like I was punished for trying, mind you. Much.

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[smittyoneeach]

Don't you go insulting one of the prime vote-buying schemes going today!

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[smittyoneeach]

Khrushchev laughed.