I think the experience of other governments justifies this view; but the crying necessity for some such contributory system, with possibly a preliminary governmental outlay, in order to cover the initial cost and to set the system going at once while the contributions are accumulating, is manifest on every side.
Bill Taft: “I think the experience of other governments justifies this view; but the crying necessity for some such contributory…”
Editor's note · Context
Taft argues that the experiences of other governments support the need for a contributory pension system, despite initial costs.
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