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Nice to see I'm not the only one

Started by CountDeMoney, October 02, 2012, 07:55:27 AM

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MadImmortalMan

If you're technically a millionaire because your house is worth nine hundred grand, that doesn't mean you can go without an income. It's insurance.
"Stability is destabilizing." --Hyman Minsky

"Complacency can be a self-denying prophecy."
"We have nothing to fear but lack of fear itself." --Larry Summers

DGuller

Quote from: MadImmortalMan on October 02, 2012, 11:11:10 AM
If you're technically a millionaire because your house is worth nine hundred grand, that doesn't mean you can go without an income. It's insurance.
Yes and no.  It's usually insurance when it's a 26-week thing.  However, when Congress extends unemployment benefits during recessions, it becomes at least partly welfare, because at that point it's funded directly by the government rather than by premiums.

Ed Anger

Stay Alive...Let the Man Drive