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- catalog abstract "This book traces Social Security from its inception to its current crisis, showing that the program's problems are the result of a fundamental flaw in its design. Social Security taxes are not saved or invested in any way. Instead, taxes paid by today's workers are used to pay benefits to today's retirees. Workers have to hope that when they retire another generation of workers will pay the taxes to provide their benefits. Like any pyramid scheme, this system cannot be sustained in the face of changing demographics. Ferrara and Tanner offer an alternative - a retirement system based on saving and investment. They propose allowing individuals to divert their Social Security taxes to individually owned, privately invested accounts, similar to IRAs or 401(k) plans. Answering the hard, practical questions about privatizing Social Security, the authors show how such a plan would provide higher and more secure retirement benefits without increasing taxes or penalizing today's retirees.".
- catalog contributor b10890130.
- catalog contributor b10890131.
- catalog created "c1998.".
- catalog date "1998".
- catalog date "c1998.".
- catalog dateCopyrighted "c1998.".
- catalog description "1. Worldwide Revolution in Social Security -- 2. Short History of Social Security -- 3. Financial Crisis -- 4. Bad Deal for Today's Workers -- 5. Poor, Minorities, Women, and Families -- 6. Social Security and the Economy -- 7. Social Security Privatization Around the World -- 8. Social Security Freedom for America -- 9. Financing the Transition -- 10. Common Questions about a Private Social Security System -- 11. Time for Action.".
- catalog description "Ferrara and Tanner offer an alternative - a retirement system based on saving and investment. They propose allowing individuals to divert their Social Security taxes to individually owned, privately invested accounts, similar to IRAs or 401(k) plans. Answering the hard, practical questions about privatizing Social Security, the authors show how such a plan would provide higher and more secure retirement benefits without increasing taxes or penalizing today's retirees.".
- catalog description "Includes bibliographical references and index.".
- catalog description "This book traces Social Security from its inception to its current crisis, showing that the program's problems are the result of a fundamental flaw in its design. Social Security taxes are not saved or invested in any way. Instead, taxes paid by today's workers are used to pay benefits to today's retirees. Workers have to hope that when they retire another generation of workers will pay the taxes to provide their benefits. Like any pyramid scheme, this system cannot be sustained in the face of changing demographics.".
- catalog extent "viii, 262 p. :".
- catalog hasFormat "New deal for social security.".
- catalog identifier "1882577620 (cloth)".
- catalog identifier "1882577639 (pbk.)".
- catalog isFormatOf "New deal for social security.".
- catalog issued "1998".
- catalog issued "c1998.".
- catalog language "eng".
- catalog publisher "Washington, DC : Cato Institute,".
- catalog relation "New deal for social security.".
- catalog spatial "United States".
- catalog spatial "United States.".
- catalog subject "368.4/3/00973 21".
- catalog subject "HD7125 .F4679 1998".
- catalog subject "Old age assistance United States Finance.".
- catalog subject "Social security United States Finance.".
- catalog subject "Social security United States.".
- catalog tableOfContents "1. Worldwide Revolution in Social Security -- 2. Short History of Social Security -- 3. Financial Crisis -- 4. Bad Deal for Today's Workers -- 5. Poor, Minorities, Women, and Families -- 6. Social Security and the Economy -- 7. Social Security Privatization Around the World -- 8. Social Security Freedom for America -- 9. Financing the Transition -- 10. Common Questions about a Private Social Security System -- 11. Time for Action.".
- catalog title "A new deal for social security / Peter J. Ferrara and Michael Tanner.".
- catalog type "text".