I’m not much of a Social Security wonk, but I need to get this off my chest.
Would someone explain to me why we can’t simply increase the wage cap from $90,000 to $120,000? And if it’s increased to that level over several years, it’s even more digestible. Then in another 20 years, we increase the wage cap again, and so on.
I’d really like to hear why this often discussed solution wouldn’t work. If the Democrats are forced to play a hand in this ridiculous game (no crisis!), they can hit a home run by simply suggesting a wage cap increase, no?