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Bilden asked:

<< in your latest missive you stated "transfer is intentionally skewed to those who earned the lowest wages while working".

Please clear up that statement.>>


Chips did a great job of doing so. I'll just add that in 2000 a worker who earned $20K will see about 45% of that wage replaced by SS in retirement. Someone making $76,200 will only see about 23% despite having paid far more into the system. Thus, the higher paid worker helps subsidize the benefits of lower paid workers.

Regards..Pixy
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