Re: Soc Sec: How do private investment accounts solve the problem?

From: Jim Blair (jeb_at_wisc.edu)
Date: 02/11/05 

Date: Fri, 11 Feb 2005 11:40:19 -0600

"Zerge" <zerge@hotmail.com> wrote in message
news:1108139401.599394.159430@c13g2000cwb.googlegroups.com...

...

> And you forget foreign countries that export goods to the US.
> Don't worry, there will always be young, hungry, and ambitious people
> willing to produce goods and services for those retired.
>

Hi,

I think the analogy here is Arizona or south Florida. Assuming that because
many from the northern states retire there, do the relatively larger number
of retired to workers slow or drag the local economy?

They would if the income of the retirees came exclusively from a tax on the
wages of workers in those states. But they don't because those who live
there in retirement derive their income from some combination of FICA on all
US workers plus pensions, IRA's, 401K's, dividends, and interest that comes
from international corporations or other governments.

And yes, the waiters or barbers or doctors or whatever in Arizona or Florida
are glad to provide goods and services to the retirees that live in their
state.

                     ,,,,,,,
_______________ooo___(_O O_)___ooo_______________
                       (_)
jim blair (jeblair@facstaff.wisc.edu) Madison Wisconsin
USA. This message was brought to you using biodegradable
binary bits, and 100% recycled bandwidth. For a good time
call: http://www.geocities.com/capitolhill/4834

Relevant Pages

  • Re: Libertarian cartoons
    ... current workers to current retirees because retirees own capital as being fundamentally different from, and morally preferable to, income being transfered from current workers to current retirees through a government program like Social Security. ... I do not advocate "income being transfered "... ... Someone who earns dividends or interest from a financial asset, or sells a financial asset bought earlier is not transferring income. ...
    (rec.arts.sf.written)
  • Re: Libertarian cartoons
    ... current workers to current retirees because retirees own capital as ... I do not advocate "income being transfered "... ... a financial asset bought earlier is not transferring income. ...
    (rec.arts.sf.written)
  • Re: Libertarian cartoons
    ... transfered from current workers to current retirees because ... income being transfered from current ... workers to current retirees through a government program like ... or sells a financial asset bought earlier is not transferring ...
    (rec.arts.sf.written)
  • Re: OT:Is Obama as entrenched with the radical left as it appears?
    ... Retirees *aren't* taking care of themselves, once you strip away all of ... money now that you saved 20 years ago, it's today's workers who have to ... Social security brings about this income transfer in about the most ... around the problem of people having to pay into the system for decades ...
    (comp.sys.mac.advocacy)
  • Re: Libertarian cartoons
    ... transfered from current workers to current retirees because ... income being transfered from current ... workers to current retirees through a government program like ... or sells a financial asset bought earlier is not transferring ...
    (rec.arts.sf.written)
Quantcast