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I have serious doubts about Sylvester’s claims - people just don’t live to 130.
by danieltillett 6y ago
I have serious doubts about Sylvester’s claims - people just don’t live to 130.
- duckMuppet 6y agoI think Russ Roberts of econtalk went into this pretty in depth. EconTalk: John Cogan on Entitlements and the High Cost of Good Intentions http://www.EconTalk.org http://www.EconTalk.org http://files.libertyfund.org/econtalk/y2017/Coganentitlements.mp3 http://files.libertyfund.org/econtalk/y2017/Coganentitlement... Ironically, everyone here seems to be angling at the political angle, not the fact that pensions can be easily survive well beyond what they were intended, especially public ones.
- smt88 6y agoThat seems completely irrelevant to GP's point. If a Civil War veteran were born in 1845, served in his late teens, and died at 85, then anyone older than 90 could have spoken to him. Play with assumptions a bit, or go back a few decades, and the numbers become much less extreme.