Look to the move from defined benefit to defined contribution pension plans as an indicator of how effective consumers are at making the hard choices today for benefit tomorrow.  People are working longer in the current climate because they cannot afford to retire.

Your assumption is that people with a guaranteed income will make those difficult decisions.  History, comparable data, and common sense would suggest otherwise.

And one last point, do you really think a consumer on a guaranteed income plan could afford a $300,000 cancer treatment protocol?

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