July 2001, Dean Baker

The report provides an approximation of the redistribution that would result from the U.S. government's decision to default on the Social Security trust fund. Since such a default implies replacing progressive income taxes with a very regressive payroll tax, it leads to a substantial upward redistribution of income.

Report pdf_small

Press Release

Site Maintenance

"The CEPR website currently takes longer to load than usual. We hope to have this and other issues addressed shortly. While this much needed site maintenance is taking place, our content is still available so please continue to slooowwwly surf the pages of our site. Thank you for your patience."