Discuss the following quotation: The ongoing effort to partially convert Social Security from a payroll tax financing

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Discuss the following quotation: “The ongoing effort to partially convert Social Security from a payroll tax financing to income tax financing— by further cutting the payroll tax . . . and replacing the funds with general revenues— may in short order put an end to the longstanding conception of Social Security as a benefit earning by worker contributions” [Blahous, 2011].
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Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

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