Is government participation in our personal retirement plans good or bad? As an employee and employer, we are required to pay a sizeable percentage of our income into a federal retirement/benefits plan OASDI (aka: Social Security). Is this good or bad for our government to require this. Should retirement planning be left to the sole discretion of the working citizen? Provide reasons/examples to support your position.
Is government participation in our personal retirement plans good or bad? As an employee and employer, we are required to pay a sizeable percentage of our income into a federal retirement/benefits plan OASDI (aka: Social Security). Is this good or bad for our government to require this. Should retirement planning be left to the sole discretion of the working citizen? Provide reasons/examples to support your position.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Is government participation in our personal retirement plans good or bad? As an employee and employer, we are required to pay a sizeable percentage of our income into a federal retirement/benefits plan OASDI (aka: Social Security). Is this good or bad for our government to require this. Should retirement planning be left to the sole discretion of the working citizen? Provide reasons/examples to support your position.
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