Social security: Prefunding is not the answer! | Challenge | Find Articles at BNET

Social security: Prefunding is not the answer! Challenge Find Articles at BNET:

2002년 3월

"In a recent article, Thomas Michl (2001) argued for using on-budget surpluses to prefund social security, with these surpluses invested in private equities that would be held by the trust fund. This recommendation represents a hybrid of conservative and progressive elements. On the conservative side, Michl endorses the idea that social security should be prefunded and that prefunding should take the form of investment in equities. On the progressive side, he recognizes that the social security tax is regressive and argues that additional funding for social security should come from on-budget surpluses, which are generated in more progressive fashion from general revenues. ..."