Are We Facing a Social Security Crisis?

Want to save Medicare , Medicaid and social security? Remove the cap on the maximum rich people have to pay. The limit this year is 176,100 for social security. At that number the percentage to be paid is 12.4 %. If you earn 8 trillion dollars, you pay the same rate on a percentage basis,12.4 percent, but just like the guy that earns 176,100, you only pay 12.4 % on the first 176,100. You don't pay anything on the other 7,999,999,823,900. If you charged the 12.4% on 1 million the total tax would be 124,000 instead of 22,000. Sure would make up for the shortfall of funds and seems to me it's the cure. And it's not even socialist thinking. It's just fairness. It is the epitome of what is described as "on the middle classes backs. ". But instead we will look to the middle and lower and poor classes to make up any shortfall in regard to a tax cut for the wealthy individuals and corporations

The funds will not be exhausted, there would need to be about a 30% cut in benefit obligations. A simple way to avoid this is to raise the limit where the social security tax is no longer paid. Essentially the richest people pay proportionally the least amount of social security tax.

Take at least 10 of your smartest minds in this country and compensate them for solving this problem with social security and put them in a room and give them this problem to solve about fixing social security in this country and tell them to come back in 30 days with a solid plan to fix this problem and make sure the 10 people are all on board with the plan to fix social security before they submit there plan of action.

there is enough money in SS. look working people having been paying into that all their lives!!! It's crazy you believe FRAUD!!! And you believe what a rich says but you don't believe when it's illegal when the law says it's illegal!!!! IMPEACH Trump's whole cabinet is

Like I have said before... take the lid off of SS people with higher income stop paying in after $176,000 ! you need to pay in to SS on all income ! 10% of people in the USA make over $176000!

According to the social security administration ( before President Trump took office) If nothing was done we would get a 21% reduction around 2036, that's been lowered to 2024, After the reduction they would be solvent until 2099.After that , they probably won't be here any more unless we have some drastic changes in how they get their funding. The biggest problem is there is enough children being born to support the program in the future. A kid born today will be 74 years old in 2099 so I don't think many of us currently breathing have to worry.

What is truly the downfall of SS, is the lack of workers paying into the system. So many generations are not working and paying SS taxes.

Yes, we are! Payroll deductions in a massively shrinking workforce is not enough to support the needs of Social Security...🤔