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I've always marveled at the debate surrounding Social Security and it's ever dwindling trust fund. Social Security is "going broke" for a simple reason - our leaders refuse to raise the maximum amount of income that can be taxed in any meaningful way.
Social Security is funded through a payroll tax, but only for the first $137,700 of someone's income. Not just that, but since Social Security is funded through a payroll tax, some billionaires pay little to any amount into the Social Security trust fund because they tend to get their riches off of stocks and other non or minimally-taxable investments.
So the answer to the Social Security funding "crisis", at least in my opinion, is quite simple - raise the maximum taxable amount of payroll taxes to $1,000,000 AND impose some form of tax on capital gains and dividends over $1,000,000. So the average person who invests diligently in their 401k won't get taxed twice, but the multi-billionaires who game the system will. Problem solved.
I'm well aware this will likely never happen, but am I wrong for thinking the "crisis" in funding Social Security is one of our own making that can very easily be solved if we just had the political will to get it done?