The government spends about $1.5 trillion each year on Social Security and Medicare programs, and they make up the majority of our federal budget.
Chile’s private pension system can certainly be improved, but the reality is that it has been extremely successful.
Presidential candidates Bernie Sanders and Hillary Clinton propose even more increases in top tax rates on income and capital gains ostensibly to finance their lavish government spending plans.
Recent experience has shown that even would-be reformers have expressed a reluctance to make any changes that would affect current retirees, and if this continues it would make addressing the Social Security’s significant unfunded obligations more difficult.
Neither the Kennedy tax rate reductions of 1964-65 nor the Reagan tax rate reductions of 1983-88 were enacted “to benefit the rich.” That is just a worn-out myth.
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By Jagadeesh Gokhale. Policy Analysis No. 762. October 22, 2014.
By Tad DeHaven. Policy Analysis No. 733. August 6, 2013.
By Jagadeesh Gokhale. White Paper . February 13, 2013.
By Michael D. Tanner. Policy Analysis No. 692. February 13, 2012.
What damage is being done by failing welfare states? What lessons can be learned from the best welfare states? And—is it too late to stop welfare states from permanently diminishing the lives and liberties of people around the world? Traveling around the globe, James Bartholomew examines welfare models, searching for the best education, health care, and support services in 11 vastly different countries; illuminating the advantages and disadvantages of other nations’ welfare states; and delving into crucial issues such as literacy, poverty, and inequality. This is a hard-hitting and provocative contribution to understanding how welfare states are changing the very nature of modern civilization.
To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.
The Libertarian Mind, by David Boaz, longtime executive vice president of the Cato Institute, is the best available guide to the history, ideas, and growth of libertarianism, and is the ultimate resource for the current, burgeoning libertarian movement. This acclaimed book is now available as a fully unabridged audiobook, ready for immediate downloading, on Audible.com.
As the nation braces itself for a new presidential administration, the Cato Institute will gather technologists, legislators, activists, and intelligence officials to survey the privacy landscape, look ahead to the issues Americans will be debating over the next eight years — from government hacking to predictive “big data” to the “Internet of things” — and examine how and whether Americans can still live at least occasionally free from prying eyes.