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The bad news, however, is that government-controlled investment is the wrong answer to the wrong question. It assumes that policymakers should focus solely on balancing the program??s revenues and expenditures. This ignores the other Social Security crisis??the fact that the tax burden on today??s workers is extraordinarily high compared to the benefits received (often referred to as the rate-of-return crisis)...
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The bad news, however, is that government-controlled investment is the wrong answer to the wrong question. It assumes that policymakers should focus solely on balancing the program??s revenues and expenditures. This ignores the other Social Security crisis??the fact that the tax burden on today??s workers is extraordinarily high compared to the benefits received (often referred to as the rate-of-return crisis)...
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