The enormous income gap between workers and executives is a much more relevant factor in the lopsidedness of wealth distribution.
The aging population is depicted as carefree, golf-playing, medically fit scammers living off struggling young wage earners.
Social Security earnings are based on wages earned in a lifetime.
The solution is not to raise the age limit for retirement but to eliminate the maximum taxable income for Social Security, currently $160,200.
And to the authors, please stop finding ways to divide the young and the old.
Persons:
Eugene Steuerle, Glenn Kramon, Florence Estes, I’ll
Organizations:
Security, Social, Social Security, Millionaires, Florence Estes Chicago
Locations:
U.S