Last updated on: 4/27/2010 | Author:

Michael D. Tanner Biography

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

“[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,”, Oct. 28, 2003

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
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Quoted in:
Pro & Con Quotes: Should Social Security Be Privatized?