Thursday, April 4, 2013
Medicare Taranto
The abundance of workers paying payroll taxes made it possible to keep
the pyramid going and to provide ever more generous benefits to the baby
boomers' progenitors. But the blessing of the baby boom is in the
process of becoming a curse. Yesterday's army of workers is tomorrow's
army of beneficiaries. Baby boomers were far less fertile than their
parents, in part because women were focusing on commercial work at the
expense of home and hearth. That compounds both problems: those women
are now among the retirees due benefits in their own right, and the
children they forwent are not among the workers paying taxes to support
them.
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