Social Security Again
The incomparable Joshua Micah Marshall lays out the facts, in a full orderly exposition that surely any literate person can understand.
Repeat after me: Defined Benefit is not equivalent to Defined Contribution. Why do people accept that it is a good idea, to lay the burden of massive financial risk on the shoulders of exactly those who are least equipt to deal with misfortune?
Repeat after me: Defined Benefit is not equivalent to Defined Contribution. Why do people accept that it is a good idea, to lay the burden of massive financial risk on the shoulders of exactly those who are least equipt to deal with misfortune?
posted by alain at 9:16 PM
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