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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (215055)	1/15/2005 11:35:36 PM
From: i-node	Read Replies (1) of 1573954

What? It's the opposite. As long as the generation afterwards (the one paying the taxes) is smaller bigger than the one getting the benefits, it should work fine. It shouldn't matter one bit; not one iota. That it does is precisely what's wrong with the current SS system. The plan must be unaffected by such developments as baby booms, birth control or the legalization of abortions (or a return to outlawed abortions, should that occur). The point is that in a properly constructed, actuarily sound system, the payouts due future beneficiaries must be assured regardless of future developments. This is done by assuring that benefits are consistent with the amounts paid in for a given beneficiary, and by requiring that the full amount of such future payouts (discounted for future growth) be funded and recognized as a liability in the year the worker ACCRUES benefits, NOT when he RECEIVES them. The above paragraph states as concisely as one can make it what the problem with the SS system is. If you understand that paragraph, you will understand the problem.

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