But Social Security solvency isn't the only thing that needs to be addressed. Medicare, for example.
Considering that the population has decided it doesn't want any more significant immigration, ensuring the median age (along with median working age) will increase faster than lifespans, it seems foolhardy to think we can have our cake and eat it, too. Any kind of tax increase is a difficult sell.[1] If we can successfully raise the limit on payroll taxes, we better make it count. Note that social security disability benefits exist and presumably would remain an option for those unable to work.
Considering that the population has decided it doesn't want any more significant immigration, ensuring the median age (along with median working age) will increase faster than lifespans, it seems foolhardy to think we can have our cake and eat it, too. Any kind of tax increase is a difficult sell.[1] If we can successfully raise the limit on payroll taxes, we better make it count. Note that social security disability benefits exist and presumably would remain an option for those unable to work.
That said, I appreciate you pointing that out. I hadn't realized how much revenue there was still to be had in lifting the payroll cap, at least according to https://crr.bc.edu/to-fix-social-security-increasing-the-wag...
[1] How quickly the left forgets that the president who pushed through devastating tax cuts in 2018 was just recently re-elected.