A Social Security solution
As a former 40-plus-year employee of the Social Security Administration, working as a benefit/claims authorizer, I have a sure fire way to maintain the trust fund so no benefit reduction is needed. Apply the 6.2% Social Security tax to all wages, not just up to the annually adjusted maximum amount (currently around $142,800).
That would bring in tens of millions from those who can afford it. You would maintain using only taxed wages up to the "capped" maximum amount to compute benefits. After all, if you're making 100's of thousands or millions of dollars, you don't really need Social Security, right? Its purpose/intent was as a safeguard and to compel people to save for retirement in order to avoid another depression; not to make you comfortable.
Bill Voda
Warrenville