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Let's Understand Social Security and Stimulate Investment - Or Separating Economic Voodoo from the Truth (Paperback)
Loot Price: R468
Discovery Miles 4 680
You Save: R31
(6%)
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Let's Understand Social Security and Stimulate Investment - Or Separating Economic Voodoo from the Truth (Paperback)
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List price R499
Loot Price R468
Discovery Miles 4 680
You Save R31 (6%)
Expected to ship within 10 - 15 working days
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Let's Understand Social Security and Stimulate Investment cuts
through the ambiguous and confusing statements in the debate about
reforming Social Security to include personal retirement accounts.
Anyone who reads it attentively will understand the issues
involved. It also clarifies arguments about deficits during the
Reagan and Clinton years and why profits taxes should be
eliminated. Economists and politicians fail to appreciate the
negative consequences of profits taxes. These effects are spelled
out. Author Loren Meierding points out thirteen principles of
voodoo economics underlying many political arguments on economic
matters. He explains how the Social Security 'Trust Fund will
function and why the maximum theoretical replacement of
pre-retirement income with current pay-as-you-go Social Security
will yield much less for future retirees than a system with
investment in personal retirement accounts. Meierding compares the
costs in dollar terms for several periods through the year 2060 of
an essentially unchanged Social Security system with the costs for
a reformed system with voluntary personal retirement accounts.
Transition costs are evaluated. invested in personal accounts. A
reformed system will clearly improve investment and standards of
living.
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