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And let’s use some of those revenues to make Social Security contributions fairer. For years, policymakers have treated the nation’s fiscal challenges as separate debates. One discussion focuses on the federal deficit. Another debate centers on the growing concentration of wealth and political influence. A third asks how to restore Social Security’s finances. In fact,…
Should policymakers look beyond the payroll tax to cover this share of the deficit? When thinking about how to fix Social Security, it is important to understand the reasons for the shortfall. If current benefits simply cost more than what today’s workers are paying, then the right action is to reduce benefits or raise payro…
