Killing Social Security Softly with faux Kindness
AbstractThe President's commission claims that the Social Security program is "unsustainable" and requires a complete "overhaul." It also claims that the program is a bad deal for women and minorities. However, any honest accounting of all Social Security benefits finds that the program is a good deal for disadvantaged groups. Social Security will become a worse deal only if tomorrow's politicians slash benefits-as the commission presumes they will-or increase the taxation of the disadvantaged. A suspicious person might conclude that the reason the report uses such scare tactics is because its authors fear that future Congresses will indeed keep their promises to maintain Social Security. Hence, the urgent need to privatize today.
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Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 01-6.
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-08-30 (All new papers)
- NEP-PBE-2001-08-30 (Public Economics)
- NEP-PKE-2001-08-30 (Post Keynesian Economics)
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- Christopher Niggle, 2003. "Globalization, Neoliberalism and the attack on social security," Review of Social Economy, Taylor & Francis Journals, vol. 61(1), pages 51-71.
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