Since better-educated, higher-income Americans are living longer than everyone else and therefore collecting benefits longer, Medicare and Social Security are becoming less progressive on a lifetime basis. Fortunately, there are ways to offset this gap. (Illustration by Jan Buchczik | Column by Peter Orszag on Bloomberg View)
Social Security is desperately broke. $20.5 trillion separates Social Security’s liabilities and assets. (Illustration by Jan Buchczik | Op-Ed by Laurence Kotlikoff on Bloomberg View)
A value-added tax could broaden the tax base and raise $750 billion a year (enough to pay a fifth of the federal budget). (Illustration by Jan Buchczik | Op-Ed by Josh Barro on Bloomberg View)
