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.

Other Independent Review articles by Edgar K. Browning
    Fall 2002   The Transfer Society: Economic Expenditures on Transfer Activity
    Summer 1997   The End of Welfare: Fighting Poverty in the Civil Society

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