The Anatomy of Social Security and Medicare
By Edgar K. Browning
This article appeared in the Summer 2008 issue of The Independent Review

Do today’s retirees understand that they would have a pension two, three, or more times larger than their Social Security pension if they had been allowed to invest their FICA taxes in stocks? Despite Social Security’s monumental impact on the lives of ordinary Americans, it is probably the most poorly understood government program.

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