The Corner

So Sec Reform — The Subtext


Isn’t the debate about SoSec reform really a debate about the tax code?

There is, after all, nothing to stop any American making private provision

for his retirement right now. If I can carve off a bit of my SoSec payments

& privately invest them, that’s just a bit more in my funds, a bit less I

shall depend on public provision for.

Since Congress just spends our SoSec payments anyway, why not just scrap

FICA withholdings and just fund a universal basic pension from general

taxation? The level, age at eleigibility, etc. can all be debated. Since

we all understand (? I think) that there will need to be SOME public

provision, though; and since no-one (except possibly Ralph Nader) wants to

outlaw private savings for retirement; aren’t we really just haggling about

deductions on people’s pay stubs? Which is to say, about the tax code?

Speaking of which: Look at how the Flat Tax is catching on in Eastern

Europe. Is such a thing really

so unthinkable here?

I’m going to get some bumper stickers made up: FLAT TAX, FLAT PENSION.

Let’s simplify things for a change, and put some lawyers and accountants out

of a job.

Most Popular

Politics & Policy

When the Tide Comes In

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader, “Save Ike from the Kikes.” I’d better explain. This weekend marks the one-year anniversary of the Nazi troll armies’ march ... Read More
Film & TV

Celebrity Activists Do Not Help

Michelle Williams, an actress, has decided to become a spokesman on the issue of pay inequality in her profession, and appears this month on the cover of Vanity Fair with a headline to that effect. This decision follows what she describes as a humiliating episode in which she learned in the pages of USA Today ... Read More