In my American Welfare State course, we're discussing policy changes that can make social security more financially feasible. Our professor asked us to split into groups based on our opinions.
Out of a class of 27, this is how my class divided:
3: other
5: change benefit formula to cut spending
7: raise retirement age
12: increase revenues from payroll taxes
Although this is a crude sample of the the college-aged population, I was surprised to see that close to half of the class chose to raise their own taxes. I might be more self-interested than the average empathetic student...but it got me wondering why do we advocate raising our own taxes?
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