Tim Nerenz's Blog – November 2010 Archive (2)

Commenting on last week’s post, Pension Choice, a reader questioned how we would provide jobs for younger workers if older workers postponed their retirements. Once again, my libertarian solution for jobs is ridiculously simple: eliminate the corporate income tax.



Before you let fly with the angry anti-corporate letters, bear in mind the corporate income tax only brings in about $300 billion in a good year, while estimates of the costs of corporate subsidies, bailouts, price…

For more than 50 years, Democrats and Republicans have known that us baby boomers were going to bankrupt the Social Security system; and for more than 50 years they have both kicked the can down the road. Welcome to the end of the road.



Only the seriously delusional still pretend that any real funds have been accumulated in the Social Security Trust Fund. You can’t spend the same dollar twice, and we have raided the fund year after year to pay for other current government services.…