Tuesday, November 06, 2001

An interesting article from former Delaware governor Pete du Pont on a social security reform plan. Of particular impact was a comparison of what benefit someone getting ready to retire now gets out of social security versus what someone just entering the workforce will receive. A baby-boomer-aged male will probably see a $71,000 profit from social security. A twenty-year-old male entering the workforce will pay "$312,000 more in taxes over his lifetime than he will receive in benefits."
- William Slawski

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