In his book 'Arguing with Zombies', Paul Krugman, a Nobel Prize winner in Economic Sciences, debunks several controversial issues. One of them is the misconception about social security. He explains that social security is not a burden but a safety net funded by a payroll earnings tax, similar to how gasoline taxes fund highway maintenance. He also debunks the idea that privatizing social security would lead to efficiency. In fact, he argues that it would increase management fees, reduce net returns by over 25%, and potentially cause widespread poverty among the elderly.
“Zombie ideas” simply refuse to die despite mountains of evidence to disprove them. How do you fight...
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