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Social Security lifted the responsibility of saving for their own retirement. It's not much use to blame them for following incentives.



You make it sound as if before Social Security, people saved for retirement because they recognized they had to.

But of course they didn't-- because they didn't earn enough to save-- just like people nowadays.

Social Security is insurance against destitution in old age. It really doesn't function to take away any saving incentive. It just keeps old people from being homeless and starving.

http://www.wsj.com/articles/SB109520630433518093

http://query.nytimes.com/gst/fullpage.html?res=9B0CEFDE1E38F...


Good point. Those lazy bums can just sit in furnished rooms and sell apples in the street.


Um, what? (No seriously, wtf? Is this a reference to something?)


Should have included a sarcasm tag.

Pre social security, it was common for the elderly to end up like that.




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