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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (24539)	1/13/2005 3:31:43 PM
From: CalculatedRisk	Respond to of 110194

Since SS is a government insurance plan, there is no need for loss reserves. By law, the Retirement Insurance trustees will continue to pay reduced benefits even if the trust fund is exhausted. They match total benefits to total tax revenue. Payroll taxes will continue to come in and benefits will continue to be paid. And I should have been more precise: the wealthy benefit the most economically from a stable society. As you noted, "in less stable societies the affluent just hire private police forces", etc. ... but they also do not do as well economically as the affluent in stable societies.