Joni Ernst: “But, it is a great starting place, so that is encouraging to hear.”

Fraud is not a victimless crime, either.

Because unemployment programs are funded primarily by taxing employers, this federal mandate is effectively a reverse Robin Hood tax that takes from struggling small businesses to give to the idle rich and self-sufficient.

While government boondoggles abound, the term is now officially in the law books for the first time. No politician wants their prized pet project to carry that label, but now there's no escaping it.

In 2024 alone, 10,100 million-dollar earners received nearly $97.4 million in unemployment compensation. That amounts to each being paid $9,650, roughly the cost of a new Rolex watch.