Tag: social security income
I would argue for moderation. I usually have a strong opinion on issues in my sphere, but have been going back and forth about one component likely to be in any package to fix Social Security – namely, increasing the taxable wage base. Some increase in the wage base is almost inevitable because growing wag…
States and localities are paying less for benefits than in the past. In a recent editorial, The Wall Street Journal reports on state and local pension liabilities as a percentage of state GDP and concludes that politicians have made excessive pension promises. In fact, pension costs are going up, but the question is whether t…
