It should have been a proper entitlement instead of worker funded.
If we fund it through general taxes instead of payroll, you have the wonderful effect where everyone is covered and the program can never go insolvent. When population dynamics result in a generation of retirees bigger than the current workforce you just need to change tax rates or deficit spend.
It should have been a proper entitlement instead of worker funded.
If we fund it through general taxes instead of payroll, you have the wonderful effect where everyone is covered and the program can never go insolvent. When population dynamics result in a generation of retirees bigger than the current workforce you just need to change tax rates or deficit spend.
They could also remove the cap on it.
Yeah, but that would actually fix the problem instead of creating a new one.