Tag Archives : Social Security Privatization
Chile’s Private Social Security System Should Be Globally Emulated, not Locally Emasculated
Chile’s left-wing government seeks to undermine the successful free-market Chilean Model.
read more...
The Ticking Fiscal Time Bomb of Social Security
Social Security spending is climbing too fast and consuming an ever-larger share of economic output.
read more...The Global Private Social Security Revolution
International evidence provides the case for personal retirement accounts.
read more...Can You Guess the Jurisdiction that Is Ending Special Pension Advantages for Government Bureaucrats?
It’s embarrassing that China is moving in the right direction while the U.S. is not.
read more...The New York Times Accidentally Admits Superiority of Privatized Social Security
I confess that I get a bit of perverse pleasure when a left-leaning media outlet screws up and inadvertently shares information that helps the cause of limited government. A New York Times columnist, for instance, pushed for a tax-hiking fiscal agreement back in 2011 based on a chart showing that the only successful budget deal was the one […]
read more...Encouraging Polling Data…Plus Disturbing Policy Developments from Russia and the United Kingdom
The polling data I shared last month about confused young people was a bit of a downer, so let’s look at three different polls that are a bit more encouraging. First, I’m glad to see that many Americans feel that government and politicians are their leading cause of daily stress. Here’s some of what the Washington Post reported on this […]
read more...
Social Security’s Looming Fiscal Nightmare
With all the controversy over the failed and costly Obamacare program, it’s understandable that other entitlements aren’t getting much attention. But that doesn’t mean there aren’t serious problems with Medicaid, Medicare, and Social Security. Indeed, the annual Social Security Trustees Report was released a few days ago and the updated numbers for the government-run retirement program are rather sobering. Thanks in part to sloppy journalism, many […]
read more...Worried About Inequality? Then Focus on Helping the Poor, not Punishing the Rich
I haven’t spent much time writing about Thomas Piketty’s inequality book for the simple reason that my goal is economic liberty, not equality. That being said, I think that Piketty is fundamentally misguided even if the goal is helping the poor. Simply stated, long-run growth is the best way of reducing poverty and boosting living standards. […]
read more...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 fiscal estimates show that the United States has a very perilous future. According to the Bank for International Settlements, the United States is in worse shape […]
read more...
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 mandated to facilitate these”MyRA” accounts, and the money collected would be invested in “guaranteed” government bonds. There are some good features to the MyRA plan, […]
read more...