This is an interesting bill from Rep. Tom Coburn of Oklahoma. Apparently, there are about 3,000 millionaires that currently receive unemployment benefits from the government. So, while the country suffers from a growing deficit, Rep. Coburn wants to kick those millionaires off the unemployment rolls with S. 310, also known as the “Ending Unemployment Payments to Jobless Millionaires Act of 2011.”
At first glance, it seems like a good idea. But no matter how distasteful it might be, it’s not a logical solution.
People don’t receive unemployment benefits for being poor. They receive benefits because they were laid off through no fault of their own. As part of their benefits package while working, their companies paid the unemployment tax. So, these jobless millionaires deserve that money just like anyone else. They earned it. You can’t retroactively take that benefit away.
Of course, a good millionaire would try to give back that money or donate it some cause (preferably to help other unemployed people). But creating a law to deal with a few thousand people would be more than a waste of time, it would create a class system with respect to unemployment benefits.
And aren’t conservatives always going on about how rich people shouldn’t be punished for success?
Rating: 3 teabags