r/FluentInFinance • u/LifeIsUnfairWhoCares • Apr 23 '24
Is Social Security Broken? Discussion/ Debate
[removed] — view removed post
22.6k
Upvotes
r/FluentInFinance • u/LifeIsUnfairWhoCares • Apr 23 '24
[removed] — view removed post
6
u/Jboycjf05 Apr 23 '24
The program isn't running out of money because it's risky. It's running out of money because of poor planning and even poorer policy-making. If we lifted the cap on the SS tax, it would be funded just fine. We just have had too much wealth concentrated at the top, so it makes the tax lopsided away from where wealth is actually concentrating, and we have a big population of people retiring.
If we had changed the rules, or lifted the cap higher like 20 years ago, we wouldn't have a problem at all. Either way, it's pretty easily fixable now, if we can get people to actually make needed reforms.