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Examples
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Boskin is saying that government tax receipts will rise relative to GDP because of the effects of future withdrawals from IRA's and similar accounts.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Boskin is describing future tax payments from IRA's and other tax-deferred savings accounts.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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The wire service's New England bureau chief accused him of ruining the life of a young reporter, and the reporter himself called Boskin in tears.
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Supporters of the current Social Security system have fought against proposals such as Boskin’s for years.
Markets and Majorities Steven M. Sheffrin 1993
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Which is surprising given that if Boskin is correct (and I doubt he is), these tax revenues can be used to solve the "transition cost" of moving to a privatized SS.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Boskin himself estimates the stream of future tax collections, discounted to current value, to be worth $3 trillion (as quoted in the current Barrons).
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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My position has always been that Social Security isn't insolvent and doesn't need fixing, hence my priase for Boskin demonstrating this fact.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Boskin suggests that these future tax payments are not being counted in revenue forecasts, leading to large under-estimates of future government revenue.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Moreover, the tax laws undoubtedly will change in future years to prevent the overall burden of taxation from rising, as Boskin assumes.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Asymmetrical Information points to a paper by Michael Boskin.
IRA's to the Rescue?, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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