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Ask Young Americans: Social Security Does Not Promote Equality
To hear Grand Forks Herald opinion editor Tom Dennis tell it, Social Security is a program that promotes equality in America at a cost of just a little bit of economic inefficiency. “Most efforts to boost equality also erode efficiency by sapping people’s incentives and work ethic. But some do it less than others.” The G.I. Bill (which Weber mentions) and Social Security do it less than most, because the G.I. Bill rewards veterans after years of service, and Social Security rewards citizens after a lifetime of work.”...Read More
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