Social Security privatization is now receiving much attention in policy circles. Proposed privatization plans range from modest changes in the mix of assets held by the Social Security trust fund to the phased-in replacement of all Social Security benefits and taxes with mandatory Individual...

Being fair to future generations requires that Social Security be reformed in a manner that effectively prefunds a significant share of future Social Security benefit payments. All serious reform plans have this property. Prefunding is attempted exclusively in the Social Security trust fund in...

Being fair to future generations requires that Social Security be reformed in a manner that prefunds a significant share of future Social Security benefit payments. All serious reform plans have this property. Prefunding is done exclusively in the Social Security trust fund in some plans, and it...

This paper reviews what is known about the relationship between capital gains realizations and the capital gains tax rate for given levels of economic activity, and offers a theoretical framework to guide future empirical research. With regard to the existing empirical evidence, it is concluded...