Social Security’s finances are deteriorating rapidly. Even without intervening recessions, in a few years Social Security will be unable to pay the benefits promised. What to do? One obvious suggestion is to raise the payroll tax funding Social Security. This proposal raises some questions proponents are willing to face, and at least one biggie they have heretofore preferred to ignore, specifically, the question of intergenerational equity.
In stark contrast to those coming up with solutions, judging from the current administration as well as the two candidates running to replace it, one might conclude there’s no problem at all. After all, how could such an enormous fiscal disaster be so certain and yet the President and those who seek to be President remain so silent? How indeed?----US Chamber of Commerce article dated 9.30.16
https://www.uschamber.com/above-the-fold/should-social-security-reform-target-young-workers
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