Tag: social insurance
Social Security and unemployment insurance provide critical protection. Social insurance is the best way to protect people against risks small and large, predictable and unforeseen, routine and calamitous. It provides a framework for broad-based participation, contributions from both the high-paid and low-paid, and a steady source of benefits when the time comes. Given the nation’s…
Some think in terms of household income of $400,000; the answer is $70,000 When the time comes to fix Social Security, one prominent proposal would raise the payroll tax and apply the tax on earnings above $400,000. Hanging around financial types and academics who worry about pensions and retirement income, it is easy to get…
