Those who have been crying crocodile tears about the shaky future of Social
Security are basing their doubtful concern on the fact that we now have three
workers paying into Social Security for every retiree. They point out that the
number of workers per retiree will go down to two per by 2025 and even less
later on. Social Security will surely go broke, they say, and leave all future
retirees on the dole. Surely, they say, no one wants to see such a horrible
outcome. Neither do we.
But those who cry that the number of workers per retiree is unavoidably going
down overlook another part of the financial relationship between workers' income
and retirees. That is the number of billionaires and millionaires that have gone
up per retiree at the same time. So where's the Social Security problem? Just
tap the increasing number of billionaires and millionaires for their share of
the necessary contributions to Social Security and the problem is solved.
