But I wanted to address a basic "fixing Social Security" question that one hears regularly: "the fix for Social Security is simple; all we need to do is remove the earnings ceiling and we can not only pay for Social Security as it is, but even build in enhancements." And, in fact, that's the standard funding mechanism of Democrat-sponsored Social Security proposals. The amateur Social Security reformer can take a look at the Social Security Game, put together by the American Academy of Actuaries, which reports that eliminating the ceiling solves 88% of the gap. Interested readers can find summaries of Social Security provisions at Social Security Programs Throughout the World, at the Social Security website. Are Social Security benefits earned?

Source: Forbes April 28, 2018 17:48 UTC