“10 years SS will be insolvent,....”
with illegal immigrants flooding through the boarder, SS will be insolvent way before then. This is part of their plan, to overload and crash the government, and reinvent it into a command-controlled socialist paradise!
There is no need for SS to become insolvent. In 1983, both parties agreed that funds should be taken from wages below the 90% level of all wages paid. This is referred to as the 90% Tax Max. Unfortunately, while the donor class’s pay increased from 10% to 20% a year from that time on, the Tax Max figure was only increased according to inflation, something like 2% to 4% annually. Thus the real Tax Max level has drifted down to around 82% where it has remained for some time. Going back to the 90% Tax Max would add many years to the life of SS.
What is even more unfair is that when a complex formula and work sheet was developed to put the Tax Max deduction in place, it allowed a $25,000 deduction for a single person, and a $32,000 deduction for a couple in 1983. Guess what the allowed deduction was in 2018. Still $25,000 and $32,000. Thirty-five years and NO ADJUSTMENT FOR INFLATION. This is as bad or worse than the Alternative Minimum Tax debacle. No wonder the donor class gets richer and the elderly get poorer, less able to pay for medical care, and this past year the life expectancy for us in the US actually went down. Why aren’t we screaming for our President to fix this?????