On Thu, Mar 10, 2011 at 1:53 PM, Max Sawicky <[email protected]> wrote: > With a constant or ever-growing pool of members (workers in the case of SS), > a pay as you go, intergenerational tax-and-transfer system from > current to retired workers can go on indefinitely. With rising > productivity and/or population, the size of the transfers can grow > too. In a rich society a glitch in the growth rate of contributors > can be cushioned by a supplementary tax of some type. >
Precisely. You do not need an ever-growing pool of workers to have a sustainable SS system. A constant pool will be just fine. -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
