Population changes are inexorably creating a fiscal crisis for the federal government and many state governments.
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.
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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.
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