Quote:
Originally Posted by Marcus1124
WRONG, employers pay the unemployment insurance TAX, the revenues from which are dedicated to fund unemployment "insurance" programs.
When government refers to one of its programs as "insurance" it does so not because it is what most people would reasonably call an insurance program, but to trick fools that clearly don't know any better into believing it is akin to such program and not just another tax and spend program.
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What you just described IS an insurance program. The only distinction is that it's not voluntary. Neither is car insurance, though. But it operates exactly like insurance, that is, the tax (premium) pays a fraction of the actual cost of unemployment compensation for an employee of that pay, on the understanding that only a fraction of employees will file for unemployment. An uncertain large risk is exchanged for a certain small cost. That's exactly how insurance always operates.