State and Local Pensions: What Now?by Alicia H. Munnell
In the wake of the financial crisis and Great Recession, the health of state and local pension plans has emerged as a front burner policy issue. Elected officials, academic experts, and the media alike have pointed to funding shortfalls with alarm, expressing concern that pension promises are unsustainable or will squeeze out other pressing government priorities. A
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Excellent explanation of the different methods of taxation and the advantages and disadvantages of each. An objective look at tax policy; a must read for all concerned citizens.