Addendum, ibid:
Quote:Biden, on the other hand, has called for substantially raising payroll taxes on Americans earning over $400,000 a year in order to sustain Social Security in its current form.
It is true that this by itself would not be enough to preserve benefits indefinitely; as boomers continue retiring and America’s ratio of retirees-to-workers rises, larger tax increases would be required to sustain today’s benefit levels through the 2040s. But there is a simple way to alleviate this problem: We could allow more prime-age adults to come to the United States and contribute to its economy. Alas, Trump and his party would like to do the opposite.
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