this post was submitted on 05 Oct 2024
1153 points (97.9% liked)
Greentext
4208 readers
877 users here now
This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.
Be warned:
- Anon is often crazy.
- Anon is often depressed.
- Anon frequently shares thoughts that are immature, offensive, or incomprehensible.
If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It appears in Canada, unemployment benefits are indeed an unemployment insurance. In the US, this is paid into automatically from our paychecks, and id assume it's similar in Canada but I could be wrong.
https://www.canada.ca/en/services/benefits/ei.html
Yes it would be bad if a ton of people went on unemployment, it just wouldn't work exactly how you're describing. Unemployment isn't UBI.
There's a lot I can say here, but to be terse, the money paid into (un) employment insurance is more than what is paid out normally, since some people will pay for it all their life without ever collecting, that money isn't just stored indefinitely, it's used for other things.
As a result, if a large portion of the population suddenly find themselves without work, the system will be unable to sustain itself, whether "short term" or not. All systems that rely on EI overflow funds would suddenly have a deficiency in their money flow, and considering they the people pay most of the taxes while billionaires and corporations get tax breaks so that they pay nothing, the entire social support systems would collapse quickly, as the country plunges further into debt, devaluing the countries currency.
The entire economic model is built upon things maintaining and continuing mostly as they are, pull any thread too far and the whole thing unravels.