A Sane Defense of Social Insurance

John K. Taber jktaber at onramp.net
Mon Aug 24 16:50:05 PDT 1998


Max Sawicky wrote:


> John Taber said:
[snip recap of "ponzi scheme", a bit of confusion on my part]
>
> Eliminating the cap doesn't 'bring in'
> any new people. It does expose more
> high-earners' wages to tax. There is
> no automatic change in benefits because
> of that. There is a political concern
> of excessive redistributive effects which
> I discuss above which is not unique to
> libertarians but covers most of the
> political spectrum, excluding some
> lefts.

Yes, I was confusing two different issues. Thanks for clarifying.



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