Reducing the Replacement Rate Will Have No Effect on the Tax

question 23

True/False

Reducing the replacement rate will have no effect on the tax rate necessary to finance pensions under a pay-as-you-go, tax-financed pension system.

---

Definitions:

Klismaphilia

A sexual arousal derived from the introduction of liquids into the rectum and colon via the anus.

Coprophilia

A paraphilia in which a person gets sexual pleasure from contact with feces.

Prostitutes

Individuals who engage in sexual activity with others in exchange for money or other forms of compensation.

Coprophilia

A paraphilia involving sexual arousal and pleasure from feces.