But they will be cut in 12 years (when I’m in my 70s) if nothing is done now.“
Why are cuts in Social Security the only possible fox? Why not more revenue - ie taxes? I’m no longer a robotic supporter of tax cuts. I would be fine with repealing the Ryan tax cuts for woke corporations. If Walmart has enough money to fly employees out of right to life states in order to get a California abortion, then I’m fine with taxing Walmart more and using the money to shore up Social Security. Target too. And NFL and NBA and Disney and so many others. Why should conservatives defend “low taxes” for these woke corporations when they’re at war with us culturally? And when we need money - at least a few years down the line - for Social Security for middle income Americans?
“Why not more revenue - ie taxes?”
Raising the Social Security tax WOULD solve the issue, but it is already at 12%. That is already very high. But “an immediate 3.24 percentage point increase in the payroll tax rate (from 12.40% to 15.64%)” would make it solvent.
But I think the young are tired of paying more and more. Older folks (I’ll be at full retirement age soon) don’t want significant cuts - although all my retirement planning ASSUMES I won’t get SS because I don’t trust the government OR VOTERS to manage SS responsibly.