This deficit in the revenue from FICA collections has to be made up somewhere. And it will come out of the general tax revenue collection funds, make no mistake about it. Willingly or otherwise, American citizens have agreed to being more heavily taxed than ever they have been in the past, and it will NOT be limited to only “the rich”. The most pernicious tax of all is the general inflation all of us will soon feel, as the purchasing power of the few remaining dollars we have left is steadily reduced, sometimes in large increments, as the low-interest availabilty of ready cash spreads further and further in our economy. Or even cash grants, essentially a subsidy for the falling value of the dollar, further exacerbating the already declining value of whatever medium of exchange that is accepted by the denizens of the now failing state.
When a loaf of bread hits $150, and artificially subsidized goods become ever more scarce, the full impact of this Soviet-style command economy will begin to affect even the most fervent socialists. As a similar situation came to affect the citizens of the former Soviet Union, they turned to an underground economy, in which exchanges of labor for goods and services became the medium of exchange. Primitive, but this in turn forces some serious decisions on the governing class - do they prosecute the black market, or do they reform the economic system?
Prosecuting the black market is often next to impossible if you don’t know the method of how the market works. You have to figure that one out first. At some point reforms are going to have to be made and painful decisions made and personal accountability taken on the shoulders of someone respected enough to be listened to. Then of course, the population needs to stop this self destructive spiral and change a lot of a attitudes and long held viewpoints.
and it will NOT be limited to only “the rich”
If you’re among the %53 paying taxes, you are rich by liberal standards. All real taxpayers will pay more, and not just at the fed level