The Truth About Social Security - Issues In Perspective |...

What this episode covers

The economist, Robert Samuelson, has an interesting take on Social Security: He calls it ?welfare.? Here is why: First, it taxes one group to support another group, meaning it is pay-as-you-go and not a contributory scheme where people?s own savings pay their later benefits. Second, Congress can constantly alter benefits, reflecting changing needs, economic conditions and politics. Let?s think about this provocative thesis.

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When was this Issues In Perspective episode published?

This episode was published on April 16, 2011.

What is this episode about?

The economist, Robert Samuelson, has an interesting take on Social Security: He calls it ?welfare.? Here is why: First, it taxes one group to support another group, meaning it is pay-as-you-go and not a contributory scheme where people?s own...

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