Social Security will be solvent over the next 75 years, but 16% of the gap between spending and revenue remains in the 75th year, meaning the program is not yet sustainable.
YOUR POLICY SELECTIONS
% OF GAP CLOSED
Slow Benefit Growth for Top 20% Of Earners
11%
Limit Spousal Benefits for High Earners
3%
Create Minimum Benefit at 125% of Poverty
-3%
Means-Test Benefits for Higher Earners
16%
Tax All Wages Above $400,000
67%
Apply the Payroll Tax to "Cafeteria Plans"
10%
TOTAL
104%
There are also lot of ways how to sabotage this especially if you are a political party aimed at pensioners and your whole program is "we will increase pensions" which is more and more common in Europe.
As amount of pensioners grow, their political power does too and their interest in future of the country is about zero. Why should they care, it is not their future.
Comments
There are lots of ways. Looking at ss specifically - https://www.crfb.org/socialsecurityreformer/
Social Security will be solvent over the next 75 years, but 16% of the gap between spending and revenue remains in the 75th year, meaning the program is not yet sustainable.
YOUR POLICY SELECTIONS % OF GAP CLOSED
Slow Benefit Growth for Top 20% Of Earners 11% Limit Spousal Benefits for High Earners 3% Create Minimum Benefit at 125% of Poverty -3% Means-Test Benefits for Higher Earners 16% Tax All Wages Above $400,000 67% Apply the Payroll Tax to "Cafeteria Plans" 10% TOTAL 104%
And I increased benefits.
There are also lot of ways how to sabotage this especially if you are a political party aimed at pensioners and your whole program is "we will increase pensions" which is more and more common in Europe.
As amount of pensioners grow, their political power does too and their interest in future of the country is about zero. Why should they care, it is not their future.