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Published 8 years ago by spaceghoti with 1 Comments
by spaceghoti
8 years ago 1

Why Social Security Beats All Rivals -- And the Case for Expanding It

Social Security demonstrates that public systems are often better than their private counterparts. The problem is that government-managed systems are only as good as their stewards. The only cure is stronger democracy, so that citizens who value good programs vote to elect leaders pledged to defend them.

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  • rosellem
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    Another way to improve the solvency of the system would be to increase wages, since Social Security is financed by taxes on payrolls. Had earnings kept pace with productivity, as was the case before the Reagan era, Social Security would be solvent indefinitely with no further adjustments.

    So many modern economic problems caused by the lack of wage growth.

    8 years ago
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