Milton Friedman critiques the origins and consequences of Social Security in his Free to Choose series. | FEE - Foundation for Economic Education
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One of the biggest misconceptions about Social Security is that today's payments secure your tomorrow's benefits. In this clip, Hoover Senior Research Fellow Milton Friedman reveals that Social Security is not a savings plan but a pay-as-you-go system in which the taxes workers pay today fund current retirees. Get the facts—read our Social Security primer here: https://www.hoover.org/research/myths-and-facts-about-social-security | Hoover Institution
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One of the biggest misconceptions about Social Security is that today…
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Milton Friedman on Corporate Social Responsibility
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"It’s not social and it’s not security." How might two people who pay the same Social Security taxes get completely different benefits? Milton Friedman explains the 'fiction' behind the system and what's really happening with your payroll deductions. | Free To Choose Network
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