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Re: It's Official - Babyboomers Start Collecting Social Security
Do we have any consensus on this point?
If the USA could just increase the Social Security taxes (payroll taxes or otherwise) sufficiently within the next few years, there would not be any substantive danger of any Social Security defaults, projecting up to 75 years forward.
Any such increase in Social Security taxes would still keep the USA as the lowest tax jurisdiction in the western world, thus negating any theoretical arguments about increasing economic uncompetitiveness in trade relations.
Does anyone substantially disagree with this?
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