Wednesday, November 02, 2005

Social Security unfair in effect...

I first heard this point made by Walter Williams while guest hosting for Limbaugh one day several years ago. Thomas Sowell repeats it today in his column, Civil Rights Rites.

"Social Security is not a racial policy either, but economists who have studied it have long described it as a system that transfers money from black men to white women, given the different life expectancies of these two groups."

When one considers the obvious truth to the description, why has there been so little discussion? Another reason for the privatization, even if a contributor didn't live long enough to access the privatized account, at least he could leave it to his spouse or children.

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