elegant reasoning

Henry C.K. Liu hliu at mindspring.com
Mon Jan 25 21:03:56 PST 1999


No problem. A logevity weighted payment compensation formula will even out the inequity. Black will get higher monthly payments based on group actuaries. Also, the collection age can be calculated as a percentage of estimated longevity intead of a fixed age. Next objection, please.

Henry

Doug Henwood wrote:


> >From the Cato Institute's Social Security Project
> <http://www.socialsecurity.org>:
>
> "Since blacks and the poor have shorter life spans than whites and
> high-income earners, Social Security transfers money from blacks to whites
> and from the poor to the rich, a reverse Robin Hood program. Since the
> median life expectancy for a black male born today is only 65.8 years, half
> of all black men will never collect a single retirement check from Social
> Security. Only a personalized Social Security system can end this
> discrimination."
> -- Joel Mowbray
> CURE



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