"It’s a lot easier to imagine working until you’re 70 if you have a comfortable office job than if you’re engaged in manual labor. America is becoming an increasingly unequal society — and the growing disparities extend to matters of life and death. Life expectancy at age 65 has risen a lot at the top of the income distribution, but much less for lower-income workers. And remember, the retirement age is already scheduled to rise under current law.Adaptive Social Security: When we implement the guaranteed U.S. Basic Income it will permanently fix all of this and make the costly means-tested and perpetually gamed welfare system obsolete, saving billions of dollars and improving both individual and institutional integrity of the entire system, because there is no longer any incentive to lie, cheat, or steal from a system which, as currently designed, encourages that kind of maladaptive behavior.
So let’s beat back this unnecessary, unfair and — let’s not mince words — cruel attack on working Americans. Big cuts in Social Security should not be on the table." - Paul Krugman
Sunday, August 15, 2010
Attacking Social Security: