Show Doing I In fn n A Sacred Cow I The The nationally known economist and monthly cash benefits are paid columnist for Newsweek Magazine Dr to replace part of the earnings the Milton Friedman is one of the few family has lost As Professor Profess r Friedman individuals that has had the temerity points out labeling payroll taxes as ast p t to stick a needle in the balloon of that contributions is like saying compulsory sacred cow the US U.S. Social Security means voluntary And as for trust funds System He lie calls the manner in which they are a joke Says Professor Friedman Fried the system is presented an man The fact is that currently col col collected ol egregious example of misleading ad taxes are being used to pay current cur rent benefits No trust fund in any meaningful mean sense is being accumulated He lie D Dr Friedman takes takes' a Widely calls the social c ced s security system a one one- ed cd booklet of of the US U.S. Department of sided es compact between the h generations genera Health Education and Welfare and shO shows s He likens the trust fund to a achain I how the statements contained the therein rem chain letter that old fad of a number are arc grossly deceptive For instance the of years ago that paid off for the early booklet says The basic idea of social starters and left leCt late security is a simple one During working work comers holding ing years employees their employers the bag and self employed people pay social Concludes Dr Friedman on social security contributions which are pooled in special trust funds When earnings security y I I know of no greater triumph tri tri- stop or are reduced because of the of imaginative packaging and worker retires dies or becomes dis Madison Avenue advertising |