UK - The State pay-as-you-go pension system is a euphemism for pray-as-you-pay, according to a free market, libertarian critique of UK State pension policy due to be published in the December 2001 issue of Economic Affairs.
Penned by Terry Arthur, the paper asserts: “The way to solve a universal pay-as-you-go problem is to phase it out, in line with the accrual principle. No age group, least of all the elderly, should...
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