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Simple solution for saving Social Security - raise or remove the cap on earnings.
Right now, we tax poor people higher than people making over $170k.
The more money you make, the less you pay. It's a reverse-progressive tax. Let's tax rich people the same as poor people.
This. Why do income taxes stop at 170k?? What possible reason is there, logically, surely there had to be an initial reasoning?
We're in a plutocracy.
The SSA has a great site showing projections into the future of various proposed modifications. That plan specifically does not on its own solve the problem completely (though it does help, extending the time frame for exhaustion of the trust fund out to 2060 or so). If we wish to avoid the exhaustion of the trust fund, we'll need other measures as well.
Although it doesn't solve the problem long term it buys enough time to not deal with it for another generation. Ethically applying a tax to all but the wealthy doesn't make sense anyway, so the public backlash for this option should be much lower than all others proposed with this level of impact.