I have a long article in the new issue of National Affairs that pretty much sums up the work I’ve done on Social Security over the past several years. The article (ungated!) outlines both what I would do to reform the program and, more importantly, why.
One of the themes of the piece is that reformers focus excessively on the details of the tax and benefit formulas without thinking enough about the big picture goals of reform: why we have a Social Security program in the first place and how we want it to accomplish its goals. I don’t expect anyone to adopt these ideas en masse, but that’s not the point. The goal is to encourage people to think about the program and reform in a slightly different way, to focus more on the ends of reform and less on then means.
Some of the proposals are pretty far out, but that’s the luxury of working at a think tank. Enjoy!