How to Avoid Thinking About a Better Retirement System
I suggested the other day that nobody would design Social Security the way it is if we were starting from scratch, and that it’s worth thinking not just about how to bring the program into long-term fiscal balance but about what we should want from a retirement system. I suggested, further, that what we would want for future workers and retirees is a system where middle-income and high-income earners received less from the government and saved more for themselves.
Left-wing economic commentator Dean Baker has responded, non-responsively, with six arguments that are either irrelevant, bad, or both. His points, paraphrased, in ...
