Unlike Actual Insurance, Social Security “Insurance” Creates More Risk for the Future

Fight Censorship, Share This Post!

Assertions that Social Security is essentially just insurance ignore the fact that benefits far exceeded “contributions” paid for earlier recipients every time it expanded. Social Security offered benefits by stealing a substantial part of what would be actuarially fair premiums from future generations.

This post has been republished with implied permission from a publicly-available RSS feed found on FEE. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Fight Censorship, Share This Post!

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.