Search Results for: ‘l social security’

How Heritage’s Budget Blueprint Would Make Social Security Solvent, Better Deal for Workers 

How Heritage’s Budget Blueprint Would Make Social Security Solvent, Better Deal for Workers Rachel Greszler / March 03, 2022 Social Security urgently needs systemic reforms if it is to avoid benefit cuts to current and future recipients and tax increases to retain solvency. Pictured: The Sebring, Florida, offices of the Social Security Administration. (Photo: Jeffrey […]

Is Social Security Worth Its Cost? 

Social Security: Universal or selective? (1971) – with Milton Friedman … Is Social Security Worth Its Cost? July 10, 2018 25 min read Download Report Authors:Kevin Dayaratna, Rachel Greszler and Patrick Tyrrell SUMMARY Americans would be better off keeping their payroll tax contributions and saving them in private retirement accounts than having to contribute to the […]

Dan Mitchell article The Real (and Growing) Problem with Social Security

— The Real (and Growing) Problem with Social Security In an ideal world, Americans would have personal retirement accounts, just like workers in Australia, Sweden, Chile, Hong Kong, Israel, Switzerland, and a few dozen other nations. But we’re not in that ideal world. We are forced to participate in a Ponzi Scheme known as Social […]

Dan Mitchell article Social Security’s Inevitable Decline

 –   Social Security’s Inevitable Decline   It’s understandable that we’re now paying a lot of attention to Joe Biden’s risky proposals for higher taxes and a bigger welfare state. After all, it’s a very bad idea to copy the economic policies of nations such as Italy, France, and Greece(unless, of course, you want much […]

FRIEDMAN FRIDAY “How to Stay Free” in Milton Friedman’s FREE TO CHOOSE Part 5 of 7 “The Social Security is one of the most misleading programs. It has been sold as an insurance program. It’s not an insurance program. It’s a program which combines a bad tax, a flat tax on wages up to a maximum with a very inequitable and uneven system of giving benefits under which some people get much, some people get little”

In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount.  I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “The Anatomy of a Crisis” and “What is wrong with our schools?”  and “Created […]

Open letter to President Obama (Part 676) “How to Stay Free” in Milton Friedman’s FREE TO CHOOSE Part 5 of 7 “The Social Security is one of the most misleading programs. It has been sold as an insurance program. It’s not an insurance program. It’s a program which combines a bad tax, a flat tax on wages up to a maximum with a very inequitable and uneven system of giving benefits under which some people get much, some people get little”

Open letter to President Obama (Part 676) (Emailed to White House on July 29, 2013) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you […]

“How to Stay Free” in Milton Friedman’s FREE TO CHOOSE Part 5 of 7 “The Social Security is one of the most misleading programs. It has been sold as an insurance program. It’s not an insurance program. It’s a program which combines a bad tax, a flat tax on wages up to a maximum with a very inequitable and uneven system of giving benefits under which some people get much, some people get little”

In 1980 I read the book FREE TO CHOOSE by Milton Friedman and it really enlightened me a tremendous amount.  I suggest checking out these episodes and transcripts of Milton Friedman’s film series FREE TO CHOOSE: “The Failure of Socialism” and “The Anatomy of a Crisis” and “What is wrong with our schools?”  and “Created […]

Open letter to President Obama (Part 480) (Social Security vs. Private Retirement)

Open letter to President Obama (Part 480) (Emailed to White House on 4-9-13.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying […]

Open letter to President Obama (Part 475) (Putting up to 12% of your income away for private social security system is Australia’s plan.)

Open letter to President Obama (Part 475) (Emailed to White House on 5-4-13.) President Obama c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get […]

The Heritage Foundation rightly notes that any path to balancing the budget must reform the biggest spending programs—Medicare, Medicaid, and Social Security!!!

The Heritage Foundation rightly notes that any path to balancing the budget must reform the biggest spending programs—Medicare, Medicaid, and Social Security!!! Americans Want Solutions, Not Procrastination on Debt, Budget Crisis Romina Boccia October 22, 2013 at 12:19 pm Nearly two-thirds of Americans polled by Bloomberg answered that “it is right to require spending cuts […]