5min chapter

The Memo by Howard Marks cover image

Shall We Repeal The Laws of Economics?

The Memo by Howard Marks

CHAPTER

The Unsustainable Future of Social Security and National Debt

This chapter explores the unsustainable growth of retirees compared to active workers in the Social Security system and discusses potential solutions like tax increases or benefit cuts. It critiques the U.S. government's ongoing deficits and debt, contrasting it with more fiscally responsible countries and emphasizes the risks of prioritizing short-term gains over economic realities.

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