A 1% tax on the wealth of everyone with assets of more than $1 million would bring in close to $450 billion. That would solve the social security problem forever and in a very simple and fair manner.
******************************************
George, I hate to burst your bubble, but the cost of financing a $10 Trillion unfunded liablity is just about $700 billion a year. Your $450 Billion fall short by $250 Billion a year.
Your plan adds a few years to OASI, but you also make the problem fester for that much longer and ultimately creats an even larger unfunded liablity which grows by $250 Billion a year plus interest compounded.
