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Indlæser... The Coming Generational Storm: What You Need to Know about America's Economic Futureaf Laurence J. Kotlikoff
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Bliv medlem af LibraryThing for at finde ud af, om du vil kunne lide denne bog. Der er ingen diskussionstråde på Snak om denne bog. Recommended reading for anyone who cares even slightly about America's economic situation, and required reading for everyone in Generation X, who stand to loose the most from the generational war we are already in. One very quick lesson: fixing this problem will become a very slight bit easier once everyone on the right and the left divests themselves of the delusion that the crisis has a solution that doesn't involve raising taxes. Get over it. The historically low tax rate was fun while it lasted. You'll never see it again. A point also made in the book: even if you increased the tax rate to 100% (which would never happen), it still doesn't come close to solving the problem. (Also, keep in mind the book was written in 2005, when Bush was president and we only owed the future $60 trillion.) It's now available as an ebook on the MIT press portal http://mitpress-ebooks.mit.edu/product/coming-generational-storm ingen anmeldelser | tilføj en anmeldelse
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One of Library Journal's Best Business Books of 2004, Winner in the category of Economics in the 2004 Professional/Scholarly Publishing Annual Awards Competition presented by the Association of American Publishers, Inc. and CHOICE Outstanding Academic Title for 2004 In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will America handle this demographic overload? How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the current administration is heading straight into the coming generational storm. But don't panic. To solve a problem you must first understand it. Kotlikoff and Burns take us on a guided tour of our generational imbalance, first introducing us to the baby boomers— their long retirement years and "the protracted delay in their departure to the next world." Then there's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending. So how can the United States avoid this demographic/fiscal collision? Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security, and Medicare. Their proposals are simple, straightforward, and geared to attract support from both political parties. But just in case politicians won't take the political risk to chart a new direction, Kotlikoff and Burns also offer a "life jacket"— guidelines for individuals to protect their financial health and retirement. No library descriptions found. |
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Google Books — Indlæser... GenrerMelvil Decimal System (DDC)332.024Social sciences Economics Finance Miscellany And Personal Finance Personal FinanceLC-klassificeringVurderingGennemsnit:
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A book worthy of getting through and using for a basis for discussions. ( )