Kotlikoff thoughts

“Social Security, with its maddening rules within rules within rules … like a million Russian nestingg dolls.”

“Legal immigration is … fueling a veritable population explosion. Unless we reduce legal immigration, our population will rise by one-third–over 100 million people–in just 45 years.”

“Traditional banking is unsafe at any speed. … Just make all the financial intermediaries operate as 100 percent equity-financed mutual funds.”

“I eliminate the corporate income tax, the personal income tax, and the estate and gift tax. In their place, I institute a business cash flow tax, also called a value-added tax (VAT), a progressive personalconsumption tax, an inheritance tax, and a tax on carbon.”