Wednesday, March 28, 2007

An American Export the Chinese Should Defintely Not Import

Via Best of the Web (HT: BizzyBlog):

Social Insecurity
China is facing a pension crisis, the New York Times reports:
Most troubling to financial experts, the government has used payroll taxes paid by the current generation of workers, who in theory arepaying into their individual retirement accounts, to pay pensions for the previous generation.
Good thing we don't do that in America!


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