There are two crises facing Social Security. First the program has a gigantic unfunded liability, largely thanks to demographics. Second, the program is a very bad deal for younger workers, making them pay record amounts of tax in exchange for comparatively meager benefits. This video explains how personal accounts can solve both problems, and also notes that nations as varied as Australia, Chile, Sweden, and Hong Kong have implemented this pro-growth reform.
Dan J. Mitchell, Ph.D.
Dan J. Mitchell, Ph.D. is a Senior Fellow at the Cato Institute, Washington’s premier free-market think tank. Visit his Website at:http://danieljmitchell.wordpress.com/ NOTE: To share or email this 'Specific' article, you must click on the Title of the article.
No comments:
Post a Comment