Rx for Social Security: The First Steps
Publication Date: December 1981
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Peter G. Germanis
Research Area: Banking and finance
Keywords: Social security
Type: Report
Abstract:
The obvious question is: Why should a younger generation be bound by a compact made without their consent and one that will yield them an unjustifiably low return in their retirement? Basing benefit payments on past contributions plus interest is the key to achieving a fair and efficient retirement program
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