Does It Pay to Work?
Originally published in Forbes Mon. September 26, 2016
The room at the National Press Club in Washington, D.C., was packed as Boston University economics professor Laurence Kotlikoff prepared to address them last week. In attendance were economists from the Treasury, the Congressional Budget Office, Washington-D.C. think tanks and the staff of the tax writing committees on Capitol Hill. They came to witness something economists had never seen before.
What Kotlikoff unveiled were the results produced by he, U.C. Berkeley economist Alan Auerbach and two of their colleagues: a calculation of the lifetime consequences of earning extra income, in light of 30 different federal and state tax and entitlement programs.
The results were stunning.
John C. Goodman is a Senior Fellow at the Independent Institute and President of the Goodman Institute for Public Policy Research.
EconomyEntitlements and WelfareGovernment and PoliticsHealth and HealthcareHealth InsuranceLabor and EmploymentLabor Law and RegulationLaw and LibertyMedicare and MedicaidMedicare, Medicaid, and ObamacareSocial SecurityTaxesTaxes and Budget
Before posting, please read our Comment Policy.