Not OP but, I think the top earners would be taxed more. To the best of my understanding there is currently a cap on social security for the highest earners.
Most countries already have a budget deficit or at least they generally will when they start increasing the social security budget. So when the US starts to really fund a social security system taxes will increase.
If you calculate the marginal tax income (so tax paid + the missed social security others get) it means that a lot will see a tax increase as well.
A tax increase is never fine and Trump is only gonna use it to fund the rich.
However there will be a tax increase if the US ever get’s social security.
Why will there be a tax increase?
Not OP but, I think the top earners would be taxed more. To the best of my understanding there is currently a cap on social security for the highest earners.
Most countries already have a budget deficit or at least they generally will when they start increasing the social security budget. So when the US starts to really fund a social security system taxes will increase. If you calculate the marginal tax income (so tax paid + the missed social security others get) it means that a lot will see a tax increase as well.