Writing in the Wall Street Journal last week, former Fidelity Investments head Robert Pozen wrote what he always has, and that countless budget and Social Security scolds have written before him. According to Pozen and a Rose Bowl-sized collection of commentators who’ve come before and who’ve yet to come, a combination of benefit cuts and "revenue measures" (yes, tax increases on the richest earners) will stave off the coming “crisis” related to Social Security.
It’s plainly never occurred to Pozen and other self-regarding promoters of eternal “crisis” that too much tax revenue was, and remains, the problem. But we’re getting ahead of ourselves.
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