Unemployment Shouldn’t Pay More Than Work

by Stephen Moore and Phil Kerpen

Excerpt from The Hill:

Economics is all about incentives. To keep the country prosperous, our public policies should reward productive behavior rather than punish it. But it is too bad the $2 trillion “stimulus bill” does just the opposite.

[T]he actual law that Trump signed is even worse. The legislative language that emerged in negotiations with Treasury Secretary Steven Mnuchin had no such limit on payments. Instead, the law sets unemployment benefits for the next 120 days at the level of state benefits plus an extra $600 a week.

 

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