danielpalos
Diamond Member
- Banned
- #1,041
he has an income that is presumably beating what he could be making.money management is his job.he is generating income from capital. it is a form of self-employment. "retirement" is just label, in this case.if he is generating income, he must be self-employed. how does he manage his money?
Did you read what I said?
"I have a friend who retired at 50. He has a nice 401k that he worked hard to save money into. He lives quite well on his money. But he does not have a job. Do you think he should be able to draw unemployment?"
It was quite clear. He is not self employed. He has no job.
But he has no job. That is the sole criteria you have stated over and over and over.
You do not need the income. So you do not get either welfare or unemployment compensation.
If you are still saying you won the argument, you are simply delusional.
And no, it is not "a form of self-employment". There is not a single rule or tax that applies to the self-employed that applies to a retiree.
And your own comments of "if he lives so well being such a Good Capitalist, why does he need public assistance?" and
"it doesn't matter if he doesn't need it." show that you think it should be need based. Thank you for agreeing with me.
No it is not. He doesn't manage his money. He does not have a job at all.
And as you are so fond of saying, "he should collect unemployment compensation simply for being unemployed".
you are the one claiming he Has to be greedy under capitalism.