Let’s hope for the sake of our health – and our wallets – that Americans remember Margaret Thatcher’s prescient admonition: ‘The trouble with socialism is that eventually you run out of other people’s money.”
Transitioning to a defined contribution retirement plan for new state employees would be wise public policy for South Carolina taxpayers and would help us keep our promises to past, present and future state employees.
In this exclusive conversation with Palmetto Promise’s Senior Fellow Dr. Oran P. Smith, Arthur Brooks explains how public policy in South Carolina can be more effective. The solution is simpler than you might think!
What is a “Tax Bracket Creep” and how does it affect you? In this week’s Wren Report, Senator Chip Campsen (Charleston) talks about what the “creep” is and how it is being fought in the “Taxpayer Inflation Protection Act.”