A Harvard economist’s proposal for social insurance during the pandemic.

The Morning News https://ift.tt/2Qzb2NV

A person whose earnings fall to zero this year keeps all of the social insurance payments and does not pay the surtax. A person whose earnings fall by half keeps half of the payments and returns half. A person whose earnings remain the same (or increase) returns everything: They will have just gotten a short-term loan.

↩︎ Greg Mankiw

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