General Discussion
In reply to the discussion: Let's try this again: No, Social Security is NOT insolvent. [View all]TheWraith
(24,331 posts)"Why not just let the workers keep their 2.6 trillion dollars and promise to raise taxes in the future?"
Maybe because anyone who understands the point of the Social Security Trust Fund understands that it is in no way even imaginably "2.5 trillion dollar transfer of wealth from workers to the rich." First through the, again, mistaken belief that the SSTF has somehow been "stolen," which we established in the OP is bullshit. And second because you either underestimate or dismiss the entire point of Social Security being a guaranteed income stream NOT subject to the randomness of private investments.
Not to mention, raising payroll taxes enough to support the retirement of the boomers, based on the number of people working at the time, would be a fast and easy way to kill the economy and horribly strain working people, unless you think they can afford to give up another ~$2,000 a year in payroll taxes.