Rule one as we re open this social contrivance for expansion
The system must have access to general revenues and a limitless credit line
If full responsibility for maintaining optimal mobilization
is the new mission
Nothing more is needed here
Once the individuals life time pay in
becomes
a fractional basis only
for their lifetime pay out
Full accounting of this pattern at this granular level
should be a matter for public viewing
absent relevant identity specifics
Magic tricks are emerging
Separate auto stabilization and auto redistribution
From auto mobilization
Ie leave the employment ceiling vague or assume nairu and monetary reaction function built on nairu
Are technical issues not class politics
Separate automatic from discretionary
Compare to credit system as spending smoother
Incomplete markets only on a tractable basis
And yet light pours thru the cracks
Single rep is doomed
