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$4 unemployment insurance: Is it the beginning of the U.S model?

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What would the difference be between this and income-protection insurance?
 
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$4 per week for $1000 per month or $230 per week.

There's a slight problem with those numbers.

Assume an umemployment rate of 5%, or one for every 19 people employed. Those 19 would therefore raise $76 per week for each unemployed.

There would obviously need to be some fairly heavy restrictions.
 
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$4 per week for $1000 per month or $230 per week.

There's a slight problem with those numbers.

Assume an umemployment rate of 5%, or one for every 19 people employed. Those 19 would therefore raise $76 per week for each unemployed.

There would obviously need to be some fairly heavy restrictions.
A fair proportion of those 5% are long-term unemployed, they can just stay on newstart. This is apparently an extra payment on top of that for those who have contributed.
 
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$4 per week for $1000 per month or $230 per week.

There's a slight problem with those numbers.

Assume an umemployment rate of 5%, or one for every 19 people employed. Those 19 would therefore raise $76 per week for each unemployed.

There would obviously need to be some fairly heavy restrictions.
I think the restrictions in the U.S are you have to have been working for x amount of years to get y amount of unemployment benefit.
Initially one would think they would bring it in as a supplement on top of the dole, then slowly remove the dole.
It becomes a user pays system, rather than a welfare system. Not saying it is right or wrong, but pre pay for the cardboard box.
Much like what happened with our pension scheme.
 
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You can only imagine the beaucratic nightmare with this - you'd pay $4 but by the time it filtered through there would probably only be $1.50 remaining in your kitty.

LEAVE ME INCOME ALONE AND LET ME DEAL WITH ME!
 

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