Шизономика
Mar. 28th, 2026 08:56 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birdwatcherТабаррок -- There is a growing movement to eliminate the wage cap on Social Security taxes while capping benefits. The argument, often from the center-right, is that Social Security is insolvent and that “tough” choices are needed to save it. But this moves the system in exactly the wrong direction.
One of the better features of Social Security is that it has never been purely redistributive. It has also functioned, in part, as a forced-savings program. The Social Security Administration itself emphasizes that benefits depend on earnings history: earn more, retire with more. Why do some people receive large Social Security checks? Because they paid a lot more into the system.
Eliminating the wage cap while capping benefits weakens, and in the limit destroys, that connection. It turns Social Security away from forced saving and toward retirement welfare financed by a broader tax on earnings. That is a bad idea.
Это далеко не конец записи, но последнее предложение, которое можно понять. Далее следуют обоснования, почему именно одно принуждение плохая идея, а другое хорошая, но, конечно, понятно обосновать заведомо неверное утверждение не очень-то легко. Bad idea - это Social Security Administration и государственные пенсии. После этого уже не исправишь, что ни выдумай.
One of the better features of Social Security is that it has never been purely redistributive. It has also functioned, in part, as a forced-savings program. The Social Security Administration itself emphasizes that benefits depend on earnings history: earn more, retire with more. Why do some people receive large Social Security checks? Because they paid a lot more into the system.
Eliminating the wage cap while capping benefits weakens, and in the limit destroys, that connection. It turns Social Security away from forced saving and toward retirement welfare financed by a broader tax on earnings. That is a bad idea.
Это далеко не конец записи, но последнее предложение, которое можно понять. Далее следуют обоснования, почему именно одно принуждение плохая идея, а другое хорошая, но, конечно, понятно обосновать заведомо неверное утверждение не очень-то легко. Bad idea - это Social Security Administration и государственные пенсии. После этого уже не исправишь, что ни выдумай.