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It’s not private; it’s a loan

It’s not private; it’s a loan
Mises Wire Jeffrey A. Tucker
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Just as you thought the SocSec “privatization” couldn’t get any worse, The Washington Post reports more grim truths: they won’t be private, they won’t be managed by individuals, and you won’t withdraw these funds at retirement. (Pointer from FEE). As for Bush’s promise of no tax increases, that depends on what the meaning of tax is....

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