Here’s a story sure to make some folks’ blood boil.
It’s about millionaires collecting unemployment.
ABC News reports that in 2009, 2,362 millionaires received unemployment benefits, according to a study from the Congressional Research Service, a non-partisan arm of Congress. More than 1,000 who got the benefits had a household adjusted gross income of $1.5 million.
The study determined that 0.02 percent of tax filers who received unemployment benefits that year were millionaires. Their collective haul: $20.8 million.
If you think this ain’t right, you have company.
“It sounds scandalous when you hear that millionaires are going to collect unemployment insurance,” Bill Frenzel, guest scholar at the Brookings Institute and former Republican member of Congress, told ABC News. “On the other hand, millionaires get unemployed too and have made payments into the unemployment insurance.”
Still, Frenzel said, if they made a million dollars in income the year prior, “they could probably stand being barred from unemployment this year.”
One member of Congress apparently concurs.
“Sending millionaires unemployment checks is a case study in out-of-control spending. Providing welfare to the wealthy undermines the program for those who need it most while burdening future generations with senseless debt,” Sen. Tom Coburn, (R-Oklahoma), said in a statement.