Sunday, January 03, 2016

Social Security in an election year


The New York Times has a major editorial today, for New Year’s Sunday, “Social Security in an Election Year” .
 
The Times seems to be with Democratic proposals that the Wage Base should be increased as well as (or instead of retirement age) but believes that more should be done for lower income people who don’t benefit from longer life expectancies.  The NYT remains somewhat askance on privatization, which would return control to Wall Street.

No one is facing the question cleanly, whether “better off” Social Security recipients today “have a right” to regard their FICA contributions (and their employers’) as like annuity premiums.

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