So could immigration help entitlements and the budget? Sure, if it was principally high-skill, high-earning immigration. But is that the deal on offer? No. read more
The issue is a program that induces even high income Americans to get a third of their retirement income from the government and spend a third of their adult lives in retirement. Reform doesn’t mean indiscriminate cuts like the chained CPI. But it doesn’t mean uninformed defenses of the current program, either.
So the types of workers we don’t want U.S. schools to produce are precisely the type the American economy needs more of? I can see how we could use more highly-educated workers, but more people with 8th grade educations? read more
First, when controlling for all the factors that influence pay, such as work experience, the number of hours worked per week, and so on, the raw gender pay gap almost disappears. read more
Well-intentioned and well-informed individuals can differ in their view regarding gun control. One of the problems in reaching any sort of consensus, however, is that so many on the gun control side are so ill-informed regarding the objects they seek to control. read more
Also of Interest
State by state: A comparison of public and private-sector pay
The chained CPI: A sucker's bet for the GOP
But the chained CPI really isn't being proposed as a Social Security reform, as a way to make the program more solvent or better-functioning. True Social Security reforms think about ways to better protect the poor, or to encourage longer work lives, or increase retirement saving. The chained CPI, by contrast, is about producing savings within the 10-year budget scoring window.
Don’t raise or eliminate the cap
But by eliminating the cap, a person earning $225,000 would pay roughly four times more in taxes than he'll receive in benefits. A growing resemblance to a welfare plan would be inescapable.