Authors:
  • Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.

    Milton Friedman, William Richard Allen (1983). “Bright promises, dismal performance: an economist's protest”, Harcourt Brace Jovanovich Inc.