Kot­likoff thoughts

Bloomberg Businessweek (North America) - - Politics / Policy -

“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.”

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