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Some people think wishfully that rapid economic growth will enable the Social Security system to muddle through pretty much as is. Others talk in either-or terms--either funnel most future budget surpluses into Social Security and invest some of that money in the stock market, or increase Social Security taxes and modestly reduce benefits--and the problem will be solved...
PLAY THE STOCK MARKET. By now there is wide agreement that stock and bond markets could in effect pay much of the nearly 30% of pensions that Social Security taxes will eventually no longer cover. But who should invest how much of the system's money? Clinton's proposal to have the government do the investing is a poor second best--and not only because of the danger of political manipulation of business. More fundamentally, individuals ought to have some say in how to invest money that the government taxes away from them. Redirecting some Social Security money into individual...
...just another case of regular turnover on the teaching staff. But beyond the obvious differences in content and quality that different professors would bring, we doubt that anything resembling Conservation Biology and Biodiversity could be taught by anyone but Perlman and Adelson. Junior Faculty have no incentive to invest the enormous time and energy such a course requires when it takes them away from the publishing that will garner them tenure; Senior Faculty have no incentive to leave their research and spend all their time with undergraduates, both in the seminar room and the field. Adelson and Perlman...
Surfing through the channels, do I stop on "Suddenly Susan"? Or "Cosby"? I'm a white male in the 18-34 demographic group. How much am I worth to you, Brooke? Bill? Tell me how much you love me. Give me one good reason why I should invest 5,000 households in either of you. I didn't think so. Click...
...course, we enter the uncertain and fraught territory of social change--the gun debate alone is already deafening--but not all the social advocates are woolly-headed. The awkwardly named group Fight Crime: Invest in Kids counts eight crime survivors and more than a dozen police chiefs on its advisory board, including former New York City police commissioner William Bratton. The Washington-based group's four-point plan is touchingly well meaning: 1) give kids something to do after school; 2) make sure young children have access to quality child care; 3) help schools identify troubled kids early and provide...