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"Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired."

— John Shadegg
john shadegg Quotes Retired,Retirement,Germany

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J
John Shadegg
Retired
Retirement
Germany
Taxes
Social Security
Substitutes
Elderly
Benefits
Premises

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Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.

— John Shadegg

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The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.

— Mark Dayton

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