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With ~300MM people in the US, to provide everyone of them $20K would cost $6T. Assuming you get the maximum draw off EDD of $450/week - that is equal to $23.5K
by phlux 16y ago
With ~300MM people in the US, to provide everyone of them $20K would cost $6T.
Assuming you get the maximum draw off EDD of $450/week - that is equal to $23.5K per year.
So, for those '99ers' (Those on EDD for ~99+ weeks), they are already receiving greater than the $20K this article states.
However, assuming the current unemployment rate of 9% -- we are spending ~$600B per year on unemployment at this time. (unless I screwed my numbers)