Rip-off: High Out-of-Pocket Social Costs are a Stealth Tax on the Middle Class and the Poor (via Moyers & Company)
Editor’s note: This is the third piece in a series looking at the fact that while Americans enjoy a lower overall tax burden than that of the citizens of other wealthy countries, we also pay four times as much as they do, on average, for out-of-pocket…
Yet another reminder that the response to the Petersons and Clintons when they tell us that Social Security and Medicare are not sustainable is “print money, we have you out numbered!” The dislocation to wealth worked by currency devaluation, if it even happens, is far more progressive than any other outcome on the horizon.