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> SS is paid for by higher wages, which happens when there are less workers, not more SS is paid for by wages in aggregate, not on average. Either of more wor
by mandelbrotwurst 5y ago
> SS is paid for by higher wages, which happens when there are less workers, not more
SS is paid for by wages in aggregate, not on average.
Either of more workers paying into social security or an increase in average wages (assuming that the increases are below the threshold at which income taxes fund SS) will increase the amount of funds available for SS.
- jl2718 5y agoYou’re ignoring the part about future liabilities. What is so hard to understand here? Decreasing average wages makes the system less sustainable. This should not be controversial.
- xxpor 5y agoIt's actually worse. Since there's an income cap of something like 140k, it's worse to have 1 person make 280k than 2 people making 140k.
- mandelbrotwurst 5y agoYeah that’s what I was calling out about the threshold.