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this post was submitted on 16 Dec 2023
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This is a BS title.
The bill prevents people with more than $1mil income from receiving unemployment. Far more reasonable considering everything I see says that you need a million or two to retire comfortably these days.
Someone in their 50s could easily have $1M in assets if their house appreciated a lot since they bought it and they gave a decent retirement account. Yet they could have been earning $50k a year and have no liquid assets.
Exactly.
I wonder if you could contest this under the claim that you disagree with the valuation of your assets.
Say your child made a finger painting that you hung on the fridge. Some kind of crazed, but highly respected/influential, art appraiser sees it on a visit and claims it's worth $10,000,000. So you can't have any communal benefits unless you sell it (but you don't want to, because it's your kid's - not to mention actually selling it can be hard). Would there be no avenue to claim that the appraiser is an idiot, and it's barely worth the paper it's on?
Edited description
Is this actually anything anyone in this income bracket has ever done? This seems like a pointless bill to me