Liberals Defending An Illiberal System

David Hogberg

Brooke Oberwetter of the Cato Institute had an excellent article in Reason just last week examining why liberals are defending an illiberal Social Security system:

Let us pass over the discussion of how ever-rising marginal tax rates lead to tighter labor markets, reductions in productivity, and declines in reported income. Let us forget in their entirety the issues of tax revenue and solvency and instead try to figure out why, exactly, Democratic lawmakers are so hell-bent on preserving the basic current structure of Social Security. As [Rep. Robert] Wexler [D-FL] noted in his press conference, his party should be looking for "alternatives that are true to our Democratic values." But is Social Security's current structure consistent with Democratic values, as Wexler—and the Democratic leadership—has declared, or are the Democrats falling all over themselves to defend a legacy of discrimination?

Read it all.
Posted by David Hogberg on June 21, 2005 1:08 PM to Social Security Choice