social insurance

Democrats want to expand the welfare state so that our social insurance system would look more like Europe’s.

Supporters of the long-term care program, a form of social insurance similar to Social Security, say that making the 0.58% payroll tax optional would in effect kill the program, known as WA Cares.

The report outlines how social insurance coverage is low among gig workers globally.

Failure to lift the ceiling could see the US suspend its social insurance payments and the salaries of federal and military employees.

Options under consideration in Japan include selling more government bonds, which means increasing its debt, raising its sales tax or increasing social insurance premiums.