Tag: fixing Social Security
That said, the taxation of Social Security benefits could be better designed. Social Security, the backbone of our retirement system, is facing a financing problem. Costs have been rising and the tax rate has been fixed, creating a gap between money coming in and benefits going out (see Figure 1). In the short term, t…
If Andrew Biggs and I can agree, the shift should have bipartisan support. Andrew Biggs, a conservative economist with the American Enterprise Institute, and I are usually opponents. Our disagreements go back decades – privatizing Social Security, adequacy of retirement income, compensation of state and local government employees – and just a few weeks ago…
