Question

In America Explain why social security redistributes wealth from the younger generations to the older ones.

In America Explain why social security redistributes wealth from the younger generations to the older ones.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Social security funds are paid to elders or baby boomer generation however the funds generated are received from taxes paid by young generation who pay largest chunk of taxes which leads to redistribution of funds.

Moreover, the government spending is function of total income received through investment by young generation in government securities has helped government to soend mpre on sovial security funds which goes to elder generation.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
explain why this statement is false: "The Baby Boomers do not affect the younger generations, and...
explain why this statement is false: "The Baby Boomers do not affect the younger generations, and the younger generations have no effect on them".
explain why this statement is false: "The Baby Boomers do not affect the younger generations, and...
explain why this statement is false: "The Baby Boomers do not affect the younger generations, and the younger generations have no effect on them".
The Social Security program is designed to pay older current workers, using funds from younger current...
The Social Security program is designed to pay older current workers, using funds from younger current workers. current retirees, using funds from their past contributions. current retirees, using funds from current contributions. the lower-income groups, using funds collected from high-income groups. What is a secondary market for mortgages? A market in which banks that issued mortgages to home buyers sell those mortgages to other investment companies. None of the above is correct. A market in which high-risk, low-income borrowers can...
Using social media to recruit for job openings may disproportionately tap into younger applicants . Older...
Using social media to recruit for job openings may disproportionately tap into younger applicants . Older workers could be unintentionally precluded from the applicant pool to the extent they are less present and active on social networking sites . Why would this be a problem ? What would you recommend to eliminate or reduce this problem ?
Examine how social change has affected at least two generations in America. Give examples of societal...
Examine how social change has affected at least two generations in America. Give examples of societal changes such as technology, media, or social movements that may have had a major impact. This could include, parents, grandparents, children, relatives etc.
a)According to wealth substitution effect, private saving increases due to social security taxes. b)Government’s health care...
a)According to wealth substitution effect, private saving increases due to social security taxes. b)Government’s health care program can solve both moral hazard and adverse selection problems. c)The only reason why countries have social security is to improve the economic status of the aged STATE whether the statement is True or False or Uncertain. explain in detail please
Explain what is meant by regressive tax. Why is the social security tax considered a regressive...
Explain what is meant by regressive tax. Why is the social security tax considered a regressive tax?
Explain how the bargaining priorities of the following employee groups might differ: younger employees; older employees;...
Explain how the bargaining priorities of the following employee groups might differ: younger employees; older employees; and female employees. 2. Explain why it has it been more difficult for unions to organize part-time employees. 3. a. Explain this difference between a product or service with an elastic versus an         inelastic demand.      b. From a union’s perspective, is it preferable to produce a good or service with an         elastic demand or inelastic demand? Explain. 4. Explain the meaning...
Even though Social Security and Medicare are popular and well-meaning programs, explain why they may distort...
Even though Social Security and Medicare are popular and well-meaning programs, explain why they may distort economic incentives.
Is Social Security a fair and equitable system? Why or Why not? Describe how the Core...
Is Social Security a fair and equitable system? Why or Why not? Describe how the Core Values can be applied in the use of Social Security. Should the Social Security system be replaced? If so, with what? type answer please
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT