Radio: Systemic Inequality in the Social Security Rules

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Systemic inequality is when systems within society predispose an unequal outcome regardless of personal prejudice. The rules of Social Security are an example of systemic inequality.

On Tuesday, August 10, 2021, David John Marotta appeared on Radio 1070 WINA’s Schilling Show with Rob Schilling to talk about “Systemic Inequality in the Social Security Rules.”

Here is an outline of the discussion:

[0:00] Background to Social Security

[1:49] Did we know this was coming? What could have been done differently?

[3:11] Is the market too risky for retirement investments?

[6:22] Systemic Inequality in the Social Security System transfers money from Black men to white married women who never paid into the system.

[8:30] How much better off would the families of Black males be if Social Security could be inherited?

[10:18] What is a libertarian view of forcing people to save for retirement?

[13:56] The myth of “your” money in Social Security.

[14:49] How would privatizing Social Security work.

You can listen to the audio here:

Photo by Sven Mieke on Unsplash

Follow David John Marotta:

President, CFP®, AIF®, AAMS®

David John Marotta is the Founder and President of Marotta Wealth Management. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. In addition to his financial writing, David is a co-author of The Haunting of Bob Cratchit.

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