A ‘grand bargain’ doesn’t add up

MarketWatchMy latest “Retirementor” column is now available at MarketWatch.  Here’s a taste:

“The conclusion is unmistakable: Americans wants a generous welfare state without having to pay for it . Continue reading


A Chart is Worth a Thousand Words

Here is a graph showing how progressive our tax system is. It’s from the brilliant Catherine Mulbrandon and her website, Visualizing Economics (link).  The data is from the CBO and is slightly dated.  More recent data is avilable here, here and here.