To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
Steven RattnerAs a beneficiary of the carried interest loophole, I've seen firsthand the lack of any difference between the work involved in generating a carried interest and the work done by millions of other professionals who are taxed at the full 35 percent rate.
Steven RattnerDuring my 30 years on Wall Street, taxes on โunearned incomeโ have bounced up and down with regularity, and Iโve never detected any change in the appetite for hard work and accumulating wealth on the part of myself or any of my fellow capitalists.
Steven RattnerNot surprisingly, troubled economic times often beget proselytizers of wacky, extreme ideas.
Steven Rattner