Some 3,000 Millionaires Claim Jobless Benefits,IRS Data Show

Originally posted by tooo many pills
reply to post by airspoon

 

Originally posted by airspoon
Just because you have assets worth a $1M+, doesn't mean that you should be treated less than anyone else. Yes, even they lose their jobs too.

The leeches don't just have assets worth over a million, they pulled in a million+++ in income on one tax return for a single year. Add multiple years and they have 5-10 million dollars each. Sure, they are in the highest tax bracket but they don't need an extra 300$ here and there to drink wine and eat caviar for free once a week. That money is for the people that really need it because they were living paycheck to paycheck and no longer receive a paycheck.

Class warfare is just another form of Bigotry as bad as all the others. Hating people for being successful is worse in some ways.

Anyone who pays in to Unemployment should receive the same services in return as anyone else who pays in.

[atsimg]http://files.abovetopsecret.com/images/member/692642abbe20.jpg[/atsimg]

Not only do the bottom 40% pay no taxes, they get more back than they pay in. The top 20% of wage earners pay 86% of all taxes. They also provide nearly all private sector jobs.

If you want them poor, fine; but there won't be any jobs. That's just how it works. Successful people support and pay for nearly everything.

Interesting you call the people who worked and studied the hardest and earn the most leeches, when in fact it's the bottom income earners who are the real leeches. They give the least and take the most. Most did not even finish High School let alone even try to succeed. I worked and educated my way out of poverty, so I know, I've been on both sides. Going from poverty to a good income is not that hard if a person has the desire to be more than a leech on society.

One of the things I find most strange in all of this, is that people who pay no income taxes themselves often are the ones who complain the most and demand the most.

reply to post by tetsuo


But you are assuming that they have retained that level of income since 2008. Since that is the data that this story is using. We have no way of knowing what has happened between 2008 and today.

They could have lost everything in the stock market, housing, identify theft, who knows and are now holding 2 jobs to make ends meet since then. Just because they were claiming $1 million + on their 08 returns doesn't mean they are still at that level between then and now.

While the reporting of the data I believe is needed, it does not go further in its reporting to find out what is the level these 2000+ people are at or the situations they are in now.

reply to post by PatriotsPride


I agree with you totally 100%. Yes they do have a legal right to claim those funds, but that it is morally repugnant that they would. This is the world we live in greed is the name of the game and we allowed ourselves to be suckered into it.

reply to post by ownbestenemy


I thought that the benefits paid stats were from 2008? I was just talking about 2008. From then until current, it seems like the super rich have gotten much richer, but the moderately rich and below have lost out or at least not gained much at all. Poor people have probably lost the most. The further you are away from equilibrium middle class economically, the more you gain/lose when things change. These millionaires I wouldn't say are quite into super rich category.

I'll admit to having merely skimmed/scanned through the replies and responses here, BUT ... IF your self-worth is valued at or near the levels claimed in the source article ... No Way. !? ... should you be eligible for .gov or .state.us benefits programs of said nature.

liquidate an asset, if that's what's needed, as opposed to latching onto a .gov/.state teet.

Me?
These/Those -type financial assistance programs are for individuals Truly in need of said support ... not merely for those who "due to their bottom-line" Qualify ....

Pathetic ... If you ask me ... playing the system, 'cuz They can.

My ex-wife, from 20 some years ago, had an uncle who did just That.

Played the system. Made just enough "on paper" to qualify for Everything .... foodstamps, housing assistance, etc, you name it...

His mindset being quite similar to that of those stating, "Well, you payed into it..."
[there Would seem an extent to which That applies (?)]

Milking and Bilking, all the while ... unnecessarily ... to the point of one's own gain, as a result.



 

reply to post by PatriotsPride

*shrugs*

Since they were laid off due to the economy, why would they not be allowed to collect unemployment? Who cares. Seriously, if you had to collect unemployment, would you be pissed off that someone was pointing at you and saying, "Unfair! You make over $30,000 a year, and you are getting unemployment benefits!"?

Instead of complaining that people have money, why doesn't everyone go out and find a means to obtain some for yourselves?

Are you an alpha male personality? Or, are you just someone who complains when people work hard, and they get to benefit from the fruits of their labor?

*shrugs*

You either have the drive to become a success, or you just slip away into oblivion like everyone else. It is your choice.

*shrugs*

Remember, these people also pay taxes.

Williams said that in some cases where millionaires claim benefits, the recipient may not be in a high-salary job. For example, a chief executive’s spouse may lose a teaching job.

“The teacher may not need the money, but collecting the benefits is different from a laid-off CEO collecting,” he said.

Sounds to me like the article is premature. If they don't know all the details, how can they make such a stink about something that might not be real.

Originally posted by ownbestenemy
reply to post by airspoon

 

This thread is going to be nothing but about wealth envy in my opinion without regard to equal protection under the law.

Don't be so hasty in slamming tht gavel down...

sure... millionaires going to the unemployment (workforce) office seems incongruous
but - hey, they got a right to the payments...its not a 'need' based program on your bank account

the 'millionaire' title may also be paper profit... with no real wealth behind the title=

these working 'millionaires' might have a $250k auto , a $750k mansion...
but if they cant pay the premiums/insurance/taxes/mortgages ==
they too might just be 3 paychecks away from being destitute...
they too will be at the nearest shelter and standing around the Saint Vincent DePaul society food kitchens.



there's a million or so former owners of McMansions costing $500k that are homeless, foreclosed, paulpers at this moment...but a year ago they could have been that 'Millionaire' we don't quite like.

Of course you all know there's a reason for them being millionaires right?

It's not like it's the first time we see millionaires evading taxes and declaring minimum wages... I'm not offending (nor trying to offend) the OP but seriously... it's hardly a "news flash omg this deserves a thread on a conspiracy theory forum" hehe... hardly a conspiracy or news flash

For instance... this is the reason I'm not a millionaire! I try to evade taxes and declaring minimum wage but I seem to lack a few pieces of the puzzle... but hear me, when I get those final pieces, I'll swear I'll be a millionaire... just you wait!

reply to post by tetsuo


Yes sir you are correct and my post was hasty. (sometimes work and here don't mix). I apologize and thank you for pointing that out.

Still being said, they could have made a million in the first half, then completely fell apart in the last half. The main premise still remains is this is only a sliver of the story because of the lack of personal facts on their parts. I would wager there is a small percentage that were not hurting but used the 'benefits' they are afforded.

Yet, I still stand that they should be able to use the system in which their employers paid into during their employment. Makes no difference in assets.

This is the new way though, create a class warfare amongst the people.

Originally posted by Jovi1
reply to post by PatriotsPride

 

I agree with you totally 100%. Yes they do have a legal right to claim those funds, but that it is morally repugnant that they would. This is the world we live in greed is the name of the game and we allowed ourselves to be suckered into it.

Frankly if I was making a million bucks and STILL paying into EI (I'm in Canada), I think it would be morally repugnant that I'm vilified for requesting MY money back that I paid into the system.

But again, I'm from Canada so we may do things differently.

reply to post by tetsuo


Most of the 75% of millionaires used to be poor. Can't invest unless you somehow work money to put in an investment vehicle in the first place. Many Americans are investing right now to get some passive income as they planned their long term goal which is to retire. Even then the money made from investing are being taxed.

reply to post by juniperberry


It is all in whether or not you really need to claim those funds. The odds are a millionaire does not actually need to claim them, if he does there is obviously some deeper issues going on. If you need them fine use them that is what they are there for. But don't expect any sympathy from people that actually need them to survive and you claiming them because you it means you have to cut back just a little to get by. Those funds were never intended for people to claim so they didnt have to downgrade this years vacation, they are meant to assist those who without them would suffer catastrophic losses without them. So yes if you would be claiming them just because you can and not out of an actual need then yes you are morally bankrupt and deserving of being vilified.

Most farmers could easily be considered millionaires...several hundred acres of land...500 grand in machinery...yet one hail-storm or drought can sewer them really quick....gotta collect that pogey until next season.

one more thing to add..


My boss..60 yrs old, owner of a company that does 3,000,000+ per year...

owns 38 houses..rental properties...

4 apartment buildings...

but says to me "I'd retire, if I could afford to.."

States something about the mindset of these millionaires...scrape for every penny..they are rich for a reason.

reply to post by airspoon


Most welfare is need based, should people be able to get welfare if they don't need it?

reply to post by ghaleon12


And who determines who needs it? You? The Government? Tax forms? Their local townhall?

Originally posted by airspoon
reply to post by tooo many pills

 

Are they leeches just because they make more than us?

--airspoon

Are people leeches just because they make less than us? Here in lies the problem airspoon. If the title was "Some 3,000 professional athletes claimed jobless benefits, IRS Data Show" you'd be singing a different tune I bet.

--Come Clean

reply to post by FraternitasSaturni


Just so you know, a million bucks really isn't a lot of money these days. A person in California with 2 houses has a million dollars in assets and equity probably. But they are barely paying the bills. They got in over their heads most likely. Couldn't flip that 2nd house like they thought they could. Then started drawing the government check to make ends meet. Why are these irresponsible people collecting the government handout?

Bottom line, if a millionaire (on paper) is drawing jobless benefits then they are doing it as part of some kind of scam. Or they really don't need it. Or it's probably some fictitious person who doesn't even exist.

Having been unemployed I can assure you that unemployment insurance is not a government hand out or welfair. If a person has been gainfully employed and then laid off, they should be allowed, if eligible, to draw their benefits regardless of other assets.

What really hacks me off are those who would put down people who draw these benefits like it was comming directly out of their pocket.

I am comforted though by my firm belief in Karma. You see, what goes around - comes around.

reply to post by hdutton


Can you point me to the Welfare Act of America? Who introduced it to Congress? Who sponsored it? What President signed into law the Welfare Act of America?

Last time folks. There is no Welfare Program. It's called the Social Security Act. Part of the social security act is unemployment insurance. If you ever got unemployment then you got WELFARE as you guys like to call it.