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From my uninformed perspective this seem like a rather big and sensible lever toward rebalancing US national finances. The actuarial math must have changed sig
by pfisherman 1y ago
From my uninformed perspective this seem like a rather big and sensible lever toward rebalancing US national finances. The actuarial math must have changed significantly since the inception of the program, no?
- Retric 1y agoNot significantly compared to other changes. SS taxes are at a much higher rate than when the program started. The workforce is also vastly more productive enabling a much higher standard of living. What ended up happening is we rebalanced the program based on a lot of positive changes and used a huge ‘surplus’ to subsidize government borrowing, and nobody wants to adjust for any negatives ever.