Soft privatization

Max Sawicky sawicky at
Fri Jul 31 11:44:52 PDT 1998

>Perhaps not. It moves Social Security away from a broad based social
>insurance system to a pre-funded pension system.
>I prefer the former.

In principle pre-funding does not preclude the 'social' in social insurance, though as many fear, it could imply a bias against the social component.


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