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.
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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