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Tag Archives: Social Security Privatization

A Single Picture to Show that Many Nations Are Economically Doomed

A Single Picture to Show that Many Nations Are Economically Doomed

Over the years, I’ve shared many charts, graphs, and tables to help people understand that the welfare state is fundamentally unsustainable. And, assuming there’s not genuine entitlement reform, many of these… Read more »

MyRAs Are the Wrong Way of Helping Ordinary People Save Money

MyRAs Are the Wrong Way of Helping Ordinary People Save Money

As part of his State-of-the-Union speech, President Obama announced he was going to unilaterally create a new retirement savings account that supposedly would be available to all workers. Employers would be… Read more »

Government-Run Social Security Is Bad News for Blacks and other Minorities

Government-Run Social Security Is Bad News for Blacks and other Minorities

America desperately needs genuine entitlement reform to avoid a Greek-style fiscal future. The biggest problems are the health entitlements such as Medicare, Medicaid, and Obamacare, but Social Security also has a huge long-run fiscal shortfall…. Read more »

What America Can Learn from the Faroe Islands about Social Security Reform

What America Can Learn from the Faroe Islands about Social Security Reform

I’m currently in the Faroe Islands, a relatively unknown and semi-autonomous part of Denmark located in the North Atlantic. Sort of like Greenland, but too small to appear on most… Read more »

Personal Retirement Accounts Are Great…but only if You Can Stop Future Politicians from Confiscating the Accumulated Wealth

Personal Retirement Accounts Are Great…but only if You Can Stop Future Politicians from Confiscating the Accumulated Wealth

Most Western nations have huge long-run fiscal problems because of unfavorable demographics and misguided entitlement programs. That’s the bad news. The good news is that dozens of nations have fully… Read more »

I Made a $16 Trillion Mistake, but Still Had a Stronger Position in this Debate

I Made a $16 Trillion Mistake, but Still Had a Stronger Position in this Debate

I’ve done a handful of TV debates on Social Security, including the time I said that I wished Republicans had a secret plan for personal retirement accounts. So I thought… Read more »

The Chilean Miracle Shows that Economic Liberty is the Best Way of Helping Ordinary People

The Chilean Miracle Shows that Economic Liberty is the Best Way of Helping Ordinary People

I’m in Vienna, Austria, for the annual European Resource Bank meeting. I had the pleasure last night of listening to Jose Pinera speak about economic reform in Chile, particularly the… Read more »

Unexpected Praise for Australia’s Private Social Security System

Unexpected Praise for Australia’s Private Social Security System

One reason I’m so bullish on Australia is that the nation has a privatized Social Security system called “Superannuation,” with workers setting aside 9 percent of their income in personal… Read more »

If You Could Reform only One Major Entitlement Program, Which One Would You Pick?

If You Could Reform only One Major Entitlement Program, Which One Would You Pick?

This is a tough question. I obviously want comprehensive reform of all entitlement programs, so selecting just one is a bit of a challenge. Sort of like being asked to… Read more »

Yes, We Should “Reform” Payroll Taxes, but only if that Means Personal Retirement Accounts

Yes, We Should “Reform” Payroll Taxes, but only if that Means Personal Retirement Accounts

Washington is filled with debate and discussion about the economic burden of the federal income tax, which collected $1.13 trillion in FY2012 ($1.37 trillion if you include the corporate income… Read more »