Social security is a form of social insurance. As social insurance, not welfare (or social) assistance), retirement

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Social security is a form of social insurance. As social insurance, not welfare (or social) assistance), retirement benefits are reserved for past contributors. Moreover, the more payroll tax that a person contributes while working, the greater one’s personal benefit rate. Yet at the same time, as an anti-poverty program, social security also redistributes income from high lifetime contributors to contributors who have paid less. Explain how this process works.

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