That's correct. But, it would require a change in the law. Social Security administrators can't just arbitrarily do it. That means the bill would require 50% of the House and 60% in the Senate (because it would be certain to be filibustered).
Social Security is not an investment fund, it is a tax that feeds the federal government. It’s a Ponzi Scheme.
I don't dispute that. But, without changes to the expense side, these changes to the income side will just accelerate the coming crisis.
I want to keep more of the money I earned, so I can invest it for my own retirement, and not rely on the Social Security fraud fund, a Ponzi Scheme if there ever was one.
You seem more interested in the government’s accounting issues, and getting money from taxpayers to shore up a government program. Feel free to send in as much of your own money as you’d like. But please don’t argue for a tax increase that would force me to join you in your generosity to the government.