Originally Posted by
rickair7777
...
- Small delay in full retirement age. This has happened before, and would presumably be phased in slowly, like a month at a time.
- Modest increase in payroll taxes.
- Increase in SS taxes on employees. Could take several forms, we're already seeing a trend to want to remove the cap on income that's subject to SS tax, so wealthy people (ie us) will pay more tax on our income but won't see any benefit from that, since the cap on SS benefit amount will remain.
- Means testing retirees (experts consider this politically non-palatable).
Pretty sure the answer will be a combination of the above… tax at a higher rate , charge more to those who make more with no added benefit, make you wait longer to get any benefit and then tell you that since you made so much, you really don’t need it anyway so you get even less of a benefit.