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Re: [Pen-l] Social security


On Dec 21, 2008, at 4:05 PM, David B. Shemano wrote:

SS, as presently consituted, is generally neither insurance nor linked to poverty. 

It's not insurance. That's just PR. It's pay-as-you-go income support.

As constituted SS is a redistribution from the middle class to the middle class, with the elderly poor benefiting. 

It's mildly redistributive across the income distribution.

Doug
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