Last updated on: 4/27/2010 | Author: ProCon.org

Michael D. Tanner Biography

Title:
Senior Fellow at the Cato Institute
Position:
Pro to the question "Should Social Security Be Privatized?"
Reasoning:

“[I]nvestment in private capital assets provides a higher rate of return than can be earned through the current PAYGO Social Security system… Even those groups that receive the highest returns under Social Security, such as low-income, single-earner couples, would receive higher rates of return through private investment. Higher returns would, in turn, mean higher retirement benefits.

Given the other advantages of individual accounts, such as inheritability, ownership, and equity, Social Security reform based on private capital investment is clearly superior to the current Social Security system.”

“The Better Deal: Estimating Rates of Return under a System of Individual Accounts,” cato.org, Oct. 28, 2003

Theoretical Expertise Ranking:
Organizations/VIPS/Others
Individuals and organizations that do not fit into the other star categories.
Involvement and Affiliations:
  • Senior Fellow, Cato Institute, 1993-present
  • Director, Project on Social Security Choice, Cato Institute
  • Adjunct Scholar, Mackinac Center for Public Policy
  • Former Director of Research, Georgia Public Policy Foundation
  • Former Legislative Director, American Legislative Exchange Council
Education:
  • None found
Contact Info:
Phone
202-789-5200
Email
mtanner@cato.org
Website
Cato Institute profile
Other:
  • None found
Quoted in:
Pro & Con Quotes: Should Social Security Be Privatized?