POLI 2301 Chapter Notes - Chapter 2: Average Indexed Monthly Earnings, Percentage Point, Vivian Vande Velde
20 Jun 2016
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Its high time to privatize: ss in crisis. Ii: going to tax us even more than they already do. System is unfair: social security"s intragenerational redistribution is enormous and capricious. B: very user unfriendly 500 page handbook overtaxes secondary earners. It would also, over time, provide a considerable boost to the economy. Is there a crisis: argue government has 6. 4 trillion bonds to redeem to keep the program solvent until 2038, quite a large sum for 14 years. Bonds v stocks fear that investing social security in stocks would not do anything. A: the problem is ss is not invest din anything. C. in reality the taxes are paid out almost entirely, ss is really a redistributive pro- gram it is not a switch forms stocks to bonds but from pay as you go to an investment program with interest earning.
