Not significantly compared to other changes. SS taxes are at a much higher rate than when the program started. The workforce is also vastly more productive enabling a much higher standard of living.
What ended up happening is we rebalanced the program based on a lot of positive changes and used a huge ‘surplus’ to subsidize government borrowing, and nobody wants to adjust for any negatives ever.
What ended up happening is we rebalanced the program based on a lot of positive changes and used a huge ‘surplus’ to subsidize government borrowing, and nobody wants to adjust for any negatives ever.