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Oh, to Retire in Chile

Jacob Sullum | 4.26.2005 12:30 PM

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In today's New York Times, John Tierney compares the pension he'd get in Chile to what he's supposed to receive in Social Security benefits. I don't know how much Tierney makes (someone more sophisticated in these matters probably could make an estimate based on the numbers he reports), but a pension worth most of my current salary, which he implies is typical in Chile, would go a long way toward relieving my anxieties about old age. Unfortunately, the Bush administration's modest vision of "personal accounts" is not nearly as ambitious as Chile's privatization.

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Jacob Sullum is a senior editor at Reason. He is the author, most recently, of Beyond Control: Drug Prohibition, Gun Regulation, and the Search for Sensible Alternatives (September 2).

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