The Case for Social Insurance

  1. Moral arguments. The thing about markets is they always leave people out. This is fine and dandy for speakers or Coke or whatever. But without guaranteed social old age and disability insurance, there would be old and disabled people with no money. While many folks think able-bodied adults should work to get an income, this doesn’t fit the old and disabled. Social Security in the US already lifts 14,810,000 elderly people out of poverty¹, and this could be improved by adding a minimum benefit.

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