by Dan Mitchell | Sep 8, 2013 | Blogs, Economics
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 or partially shifted to mandatory private savings as a pro-growth...
by Dan Mitchell | Jun 14, 2013 | Big Government, Blogs, Government Spending, Welfare and Entitlements
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 I was well prepared for this duel with a defender of the status quo on Fox Business Network. I...
by Dan Mitchell | Apr 22, 2013 | Big Government, Blogs, Welfare and Entitlements
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 retirement accounts (rising to 12 percent by 2020). Established almost 30 years...
by Dan Mitchell | Jan 20, 2013 | Big Government, Blogs, Government Spending, Welfare and Entitlements
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 pick your favorite kid. Would I reform Social Security? That’s a logical choice. It’s the biggest...
by Dan Mitchell | Jan 4, 2013 | Blogs, Economics, Taxation
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 tax). Yet politicians rarely consider the economic impact of payroll...
