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Social Security: Prefunding Is Not the Answer!

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  • Thomas Palley

Abstract

This economist responds to an article on reforms to social security by Thomas Michl in our November– December 2001 issue. Thomas Palley believes the best way to finance social security is to cut payroll taxes and finance the public pension system from general tax revenues. Prefunding social security will not increase savings over time, says the author.

Suggested Citation

  • Thomas Palley, 2002. "Social Security: Prefunding Is Not the Answer!," Challenge, Taylor & Francis Journals, vol. 45(2), pages 97-118.
  • Handle: RePEc:mes:challe:v:45:y:2002:i:2:p:97-118
    DOI: 10.1080/05775132.2002.11034145
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    Cited by:

    1. Sergio Cesaratto, 2004. "The controversy over the US Social Security Surplus. A non conventional view," Department of Economics University of Siena 418, Department of Economics, University of Siena.

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