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REBALANCING THE BENEFITS
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Newspaper Article
REBALANCING THE BENEFITS
1986
Overview
For me, it happened as I read a tale of the joys of aging written by Sheilah Graham. The Hollywood gossip columnist wrote about a house in Palm Beach and pleasure trips abroad. Almost incidentally, she added: \"This is a small matter, but it gives me satisfaction to pay half-fare on buses andtrains and only $2 at the movies.\" Click. \"The transfers from the working-age population to the elderly,\" Samuel Preston of the University of Pennsylvania explains, \"are also transfers away from children, since the working ages bear far more responsibility for child-rearing than do the elderly.\" As for Medicare, some reformers recommend raising money from the 40 percent of elderly who pay income taxes and using it to lower Medicare premiums for low-income people. Other politicians, from Moynihan to Reagan, want to raise the personal tax exemption for all but the highest income brackets to $2,000 as an aid to families with children.
Publisher
Boston Globe Media Partners, LLC
Subject
