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Yes, Social Security Is a Ponzi Scheme

Yes, Social Security Is a Ponzi Scheme

by Dan Mitchell | Mar 2, 2025 | Big Government, Blogs, Welfare and Entitlements

When I write about Social Security, my main goal is to point out how Americans would be much richer if the United States had personal retirement accounts based on real savings (like workers in Australia, Chile, Switzerland, Hong...
Yes, Social Security Is a Ponzi Scheme

Great News on Social Security Reform*

by Dan Mitchell | Dec 14, 2024 | Big Government, Blogs, Welfare and Entitlements

Earlier this year, I cited the European Union’s latest Ageing Report to highlight the fact that private Social Security already exists in nations such as Denmark, Sweden, Estonia, Greece, and the Netherlands. But it’s...
The Case for Social Security Reform

The Case for Social Security Reform

by Dan Mitchell | Aug 1, 2024 | Big Government, Blogs, Economics, Welfare and Entitlements

Since both Kamala Harris and Donald Trump want government to be a bigger burden, there is zero chance of entitlement reform in the next four years. But that doesn’t change the fact that personal retirement accounts would be an...
Social Security: Learning from Europe

Social Security: Learning from Europe

by Dan Mitchell | May 24, 2024 | Big Government, Blogs, Welfare and Entitlements

Earlier this month, I wrote about Social Security’s huge fiscal problems, followed the next week by a column correcting some myths about the program that were disseminated by the Washington Post. Today, let’s cross the Atlantic Ocean because...
Yes, Social Security Is a Ponzi Scheme

Why Is Someone at AEI Proposing a Massive Tax Increase to Finance Ever-Growing Government, Part I?

by Dan Mitchell | Jan 19, 2024 | Big Government, Blogs, Taxation, Welfare and Entitlements

Serious and responsible people (in other words, not Trump or Biden) know that Social Security has a massive long-run problem. A fast-growing number of seniors are expecting future benefits but only a slow-growing number of workers will be paying into the...
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