The average SS payment in the US right now is $1461/month = 17532/year [0]. SS is long term funded (by on going taxes) to about 75%, so $4383/year/person shortf

The average SS payment in the US right now is $1461/month = 17532/year [0]. SS is long term funded (by on going taxes) to about 75%, so $4383/year/person shortfall. $5k/year/person would more than cover THE ENTIRE SS shortfall since I am not arguing for repealing all other taxes, only additional tax on ultra wealthy. Also, there are ~600 billionaires in the US, most of them however would pay $100M tax (and realistically numbers can be adjusted down by stretching over say 100k highest TC individuals rather than 11k like my original statement). [0] - https://www.fool.com/retirement/2018/10/28/americans-average-social-security-in-2019-how-do-y.aspx https://www.fool.com/retirement/2018/10/28/americans-average...