One of the myths about social security is that the government runs a surplus in the Social Security Trust Fund.Which of the following debunks this myth?
A) The number of people retiring every year has steadily declined since 1950.
B) There are no trust funds and the proceeds from the social security taxes are used to purchase Treasury bonds.
C) The number of people joining the workforce is increasing over time.
D) The social security taxes has been increased by the government since 1990.
E) The retirees receive much less than the amount paid by the current workers under the pay-as-you go system.
Correct Answer:
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