So certainly a solution is not more deficit spending. That would exacerbate the problem.
This would literally turn at least a good chunk of Social Security into more of a general welfare program.
I would warn you trying to raise marginal tax rates to the extent you want to is going to really harm economic growth.
the Chairman's solution to this is tax the wealthy.
It was never intended as a welfare program; correct?
anybody who has just hit like $100,000, I mean the maximum. What is the maximum amount of earnings right now subject to the tax?
the top one percent taxpayers pays more than 40 percent of the total income tax burden.
We have got to solve a problem. The trouble is there is no Reagans or Tip O'Neills in Washington right now.
Back then it is kind of hard to get the exact number of workers versus beneficiaries.