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Quote by W. Allen Wallis

“When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money.”

Quote by W. Allen Wallis

Author

W. Allen Wallis

W. Allen Wallis was an American economist born on November 5, 1912, and passed away on October 12, 1998. He made significant contributions to the field of economics, particularly in the areas of industrial organization, competition policy, and market structure. more

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