Joni Ernst: “If fraud is later detected, then the government has to decide if it’s worth trying to recover the stolen money.”

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.

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.

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.

My message to the affluent finance bros being cut off from Uncle Sam's unemployment trust fund is simple: If you are fortunate enough to make $1 million or more per year without having to work, then you should be counting your blessings —…