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That is not a good trend. By 2033, when the fund goes belly up....there will be 2 workers per retiree.

If you figure the average social security payment per retiree is " $1,430.73"

Then, each worker would have to pay, on average, an additional $715 per month to keep the payments coming.

I think a lot of those workers would RIOT too......


Assuming your figures are correct...uh, no. If the average average social security payment per retiree is $1,430.73, the the total payment, not additional, per worker would be $715 ($715 x 2 workers = $1,430). But half of that is paid by the employer, so the total payment from the worker would be $358.

6.2 percent of a guesstimated average annual wage of $50,000 is $258/month. And indeed $358 is more than $258. But there are a number of solutions. An obvious one is to raise the SS tax cap. That would pretty much fix the problem all by itself. Another one is to raise the SS tax in general. That would also pretty much fix the problem. Another one is to cut future benefits for those under 50 (or pick your age). Another solution is some combination of all those. If you spread it around you can fix it without ruffling many feathers. That's why I reject the hysteria that we are locked into a trajectory and can't reach the controls.

This is a completely fixable problem. It has come up in the past and been fixed several times. The only reason it can't be fixed again is if American citizens are too lazy to roll up their sleeves and do the hard work of fixing it. In the meantime, I get really, really tired of the Chicken Little cries that Americans citizens are such lazy, pathetic humans that nothing can or will be done about this.
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