Item description for Social Security and Its Discontents: Perspectives on Choice by Michael D. Tanner, Michael D. Tanner & Cato Institute ...
Among the issues discussed are the problems of the current system; proposals for the reform; and the impact of reform on the poor, women, and minorities.
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Est. Packaging Dimensions: Length: 1.5" Width: 6" Height: 9.25" Weight: 1.65 lbs.
Release Date May 25, 2004
Publisher Cato Institute
ISBN 1930865554 ISBN13 9781930865556
Availability 0 units.
More About Michael D. Tanner, Michael D. Tanner & Cato Institute
Michael D. Tanner is director of health and welfare studies at the Cato Institute, co-editor of Replacing Obamacare: The Cato Institute on Health Care Reform and Healthy Competition: What s Holding Back Health Care and How to Free It, and author of The Poverty of Welfare: Helping Others in Civil Society."
Michael D. Tanner currently resides in the state of Maryland.
Reviews - What do customers think about Social Security and Its Discontents: Perspectives on Choice?
Everyone Should Read this Book. Jan 8, 2005
As with all books written by members of The Cato Institute, this book is well-researched and very well-written. It is also a book that anyone who pays Social Security, receives it or cares about the taxes they pay, should read and read now.
This book has numerous authors. So there are some things that are repeated. That, however, doesn't take away from the content or the excellent information offered in the book.
I was amazed to discover some of the awful truths about Social Security.
For example, quoting from the book:
"Again, compare this with the replacement rates provided under the system of private investment. Assuming that the worker described previously was able to invest the full nondisability portion of his Social Security taxes (10.6 percent of wages), his replacement rate would be an astounding 260 percent of preretirement income! If he invested just 4 percent of wages, he would still have a replacement rate equal to 100 percent of his preretirement income. Social Security provides only 41.6 percent of preretirenent income for average-income workers. Because Social Security has a progressive benefit formula, low income workers do better with a replacement rate of 56.1 percent, still below what is needed. That is especially true since low-income workers lack other forms of retirement income."
AARP and others are against Social Security reform or people owning their own Social Security account. After you read this book, you'll know just how ill-informed AARP and others who oppose privatization really are.
The one thing missing from the book was a chapter on how self-employed people are deeply hurt by the current system. It covered blacks and women and others but failed to address the self-employed. That was the only flaw in an otherwise very important book.
Susanna K. Hutcheson Executive Creative Director Powerwriting.com LLC http://www.powerwriting.com
A scholarly analysis of Social Security's reforms Sep 8, 2004
The society security program is facing fiscal pressures which threaten future retirement benefits for young workers: just four years from now, the first member of baby boomers will become eligible to receive benefits and the number of beneficiaries will rapidly escalate over the next ten years. Michael Tanner provides a scholarly analysis of Social Security's reforms and special challenges, including international the key thinkers of social reforms and the system to provide concrete proposals for reform. It's refreshing to see an in-depth volume which not only poses the usual warnings, but then goes on to offer concrete solutions: Social Security And Its Discontents should not be overlooked.