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Right, the $36B lost to unemployment fraud (10% of payments) in the past 12 months definitely illustrates that some amount of guardrails are still appropriate.
by ip26 6y ago
Right, the $36B lost to unemployment fraud (10% of payments) in the past 12 months definitely illustrates that some amount of guardrails are still appropriate. There is an optimum level somewhere in between where the sum total of losses & overhead together are minimized.
- ryandrake 6y agoThat $36B is a drop in the bucket on the scale of a country. It's 25% of Jeff Bezos's net worth. How many $B spent on enforcement is it worth to reduce that to, say, $30B?
- ip26 6y agoIf you read the news about it, the scams were depressingly basic & the screening failures were rudimentary. It will not cost billions of dollars to rein that number in dramatically.