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The pensioner has also paid taxes all his life, hasn't he?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Tue Apr 4th, 2006 at 07:03:47 PM EST
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yes, but it's a timing thing from the government's perspective.  they didn't take the pensioner's money and invest it in stocks/bonds so they had it available to pay to him when he retired.  his taxes partially went toward paying the pensions of pensioners when he was working.  his pension is coming out of current taxes.  it's a pay as you go system.
by wchurchill on Tue Apr 4th, 2006 at 07:31:46 PM EST
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