The Truth About Social Security
Apr 16, 2011
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Episode description
The economist, Robert Samuelson, has an interesting take on Social Security: He calls it ?welfare.? Here is why: First, it taxes one group to support another group, meaning it is pay-as-you-go and not a contributory scheme where people?s own savings pay their later benefits. Second, Congress can constantly alter benefits, reflecting changing needs, economic conditions and politics. Let?s think about this provocative thesis.
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