When the government taxes younger people to pay benefits

Question

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Read Chapter 23: The Graying of America. Answer questions 2 (When the government taxes…) and 5 (How would a change…) at the end of this chapter.

#2 When the government taxes younger people to pay benefits to older people, how does this affect the amount of assistance that younger people might voluntarily choose to offer older people?

#5 How would a change in immigration laws that allowed more legal immigration affect the budget crisis we face with Social Security and Medicare?

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