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LET'S END, NOT MEND, SOCIAL SECURITY (2002)

Block, Walter ; Lorch, David ; Midkiff, Bobby ; [et al.]

Oxford, UK : Blackwell Publishing Ltd

Economic affairs 22 (2002), S. 0

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ISSN: 1468-0270

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: Social Security is a paternalist measure, supposedly forcing people to save for their old-age years, based on the assumption that they are not far-seeing enough to do so on their own behalf. It is only ‘supposed’, since the funds mulcted from each generation go not to finance their own retirements, but those of their predecessors. As in the case of all coercive schemes, this one cannot be shown to improve the lot of anyone (with the exception of those who do the imposing). Specifically, this measure has negative implications for family bonds, as it substitutes the state for a function previously carried out by the extended family.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/1468-0270.00337

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