Raising Social Security taxes today will not leave a dime more to pay pensionsThomas Sowell: Random thoughts
to future retirees. Right now there is more money coming into the system than is
going out -- and the difference gets spent on other things. Higher taxes now
would mean a bigger excess to be spent on other things, leaving nothing more for
the future.
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Monday, February 28, 2005
Social Security idiocy
Thomas Sowell is one of the great thinkers of our day. In three sentences, he destroys the "higher taxes today equals security tomorrow" debate.
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