It’s very easy to make Social Security work. At the present time, Social Security taxes are only deducted on the first $118,500 of income. If people making more than that paid the same percentage as those below it, it would save the program for eternity. At the time SS began, the income inequality gap wasn’t such an issue. Now, with 1% of the people having as much wealth as the bottom 90%, all that would be necessary for the entire country to work for everyone is to have that 1% pay their fair share.
It’s very easy to make Social Security work. At the present time, Social Security taxes are only deducted on the first $118,500 of income. If people making more than that paid the same percentage as those below it, it would save the program for eternity. At the time SS began, the income inequality gap wasn’t such an issue. Now, with 1% of the people having as much wealth as the bottom 90%, all that would be necessary for the entire country to work for everyone is to have that 1% pay their fair share.