Pensions for Everyone (McClatchy-Tribune)
In a new discussion paper for the Urban-Brookings Tax Policy Center, Adam Carasso of the New America Foundation and I estimate that accounts that collect 3 percent of payroll would provide 13.8 percent of final wages at retirement for every worker. Our paper, "Tax Considerations in a Universal Pension System," also shows how targeted tax subsidies could lead to even larger benefits for low- and moderate- income workers. ...