Pinkos Parlor

paygo and intergen equity

the max factor :

"Pinky you are right
a strict PAYGO
is a logical extension of my point...."

but.....

" By the way, Daniel Moynihan
proposed that very thing, around 1990."

ugh part of his persiflage no doubt

as sincere
and durable
as a cats affection before feeding

-----------------

"The problem with it is
with
an uneven pattern of population growth .."

valid point

the old job class cohort snake
is lumpy gimmick
and the system needs to do equitable smoothing
because
"..you get an intergenerational transfer effect "

hmmmm

this gets into legacy deficits

"that exaggerates the current one
of future generations
subsidizing present ones Miracle Max | Homepage | 11.24.06 - 7:22 pm

by taxing the
present job force more now
then the future job force will
be taxed lesstopay the present forces future benes

instead
general income taxes will be used
to pay the diff

the shuffle

the ss trust fund don't owe
the diff
it cashes in its ious

iefor a spell anyway
the bene payments are "financed"
out of
built up surplus
over payments

very shakey in my mind
after all the future jobsters will be paying part of that income tax
that off set
must be made

now
i never doubted
a smoothing of burden might improve intergen equity

but my thought

the real comp
for time jobbed now oughta pay out at least at
the real rate
it would be comped in the future

the reward for deffered consumption
should include
the increase in
real productivity

if you look at the plans history
paygo
bene pay outs
were a lite burden
early on

but
yes the jobbing to bene group ratio is getting worse

there are off sets
the number of kids
being supported
the number of immigrants arriving
as work force additions
that weren
ever kids here.
etc etc ..

lets wait till this
higher share burden hits

if ever it does
then we can have the funds borrow

till we figure out
what to do

why sub the general budget
now
and cut wealth
and property income taxes
on a cheap hunch

the fact remains

the pay go is a vast step towards "better"

if further refinements
need
considering
we'll get to em
after we stop
the robbery

okay maybe we won't restore
the stolen loot
to its rightful owners as cash
just yet

subject for future study

but i'll say this
setting up personal accounts makes it personal peroperty
even if its uncle owes u notes

its better then
the full montee swindle
the system may choose to produce

entitlements can be change
property taxed

but the former is easier then the later

Posted by js paine at November 25, 2006 09:15 PM

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