unemployment compensation, funding options discussion

danielpalos

Diamond Member
Jan 24, 2015
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Alta California, federalist.
Changing the way unemployment compensation is funded could promote the general welfare by improving the efficiency of our economy. Solving for simple poverty through compensation for capitalism's natural rate of unemployment is more market friendly and engenders a positive multiplier effect.

With compensation for simply being unemployed, adult labor market participants would be able to contribute more effectively to our economy and in a more market friendly manner. And, the minimum wage could be raised to address cost of living issues with less adverse effect on our market based economy.

Junk Bonds not Junk Laws

Issuing bonds could be an option. Employers could participate in that bond market as an option first to raise revenue, before any appropriations. Capitalists could make money on that general fund via a bond issue.

States and the federal government could raise the rest through regular means if necessary.

The fund itself could be administered by the State Controller.
 

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