Atlas Shrugged: The Mocking

Tuesday, May 12, 2009

Less Statistical Megan

Shorter Megan McArdle: Going on Social Security is such a positive experience that people can't wait to quit their jobs and live on whatever is left of their savings and their SS riches.

Retirements cannot lengthen indefinitely without massive gains to productivity, or increases in the supply of younger workers; the math doesn't work.

Why do I doubt the veracity of this statement? Maybe because hell will freeze over before McArdle posts links or data to back up her statements.


Righteous Bubba said...

You doubt that she has done the math? What reason could you have for that?

Chad said...

The only thing that surprises me is that Megan doesn't unironically throw around the phrase "lucky duckies."

Ken Houghton said...

Define "massive." (Concomitantly, discuss the effect of the cap on tax levels.)

Btw, McMegan almost tries to kinda sorta sound as if she's spoken to someone from CATO today, at least for a paragraph or two. See here.

Malaclypse said...

Retirements cannot lengthen indefinitely without massive gains to productivity,Of course, we have had massive gains to productivity. Curiously, those gains only led to rising incomes for the top few percent, all of whom hit the FICA cap early in the year, then don't contribute.