Posts Tagged ‘regressive tax’

The Flaws of Social Security


Friday September 3rd, 2010   •   Posted by Anthony Gregory at 6:13pm PDT   •   1 Comment

Far from being an investment program, Social Security is a pay-as-you-go operation where new revenues are spent immediately and future entitlements are funded exclusively through the promise to tax workers in the future, many of whom havenít even been born yet. It is taxation without representation in the most cynical sense. The program is…
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