◼ Last night at his party's debate, GOP Presidential nominee Herman Cain shared his views on social security. He said that he advocated the "Chilean model." Which prompted most people to say, huh? - Business Insider (image source)
...(H)ere's how they do social security in Chile according to Cato.org. Workers are given the choice as to whether they would like to stay in a pay-as-you-go plan (like we have in the U.S.) or a new system in which they can put their entire payroll tax into a retirement account. That way, they can benefit from compound interest.
◼ Chile's Social Security Lesson For The U.S. - CATO Institute
