Why Taxing the Rich Will Not Save Social Security

Sen. Bernie Sanders (I-Vermont) greeted the news that Elon Musk had become a trillionaire by — what else? — touting a plan to raise federal spending and taxes. Musk “pays the same amount into Social Security as someone making $184,500,” Sanders tweeted. He said his bill would “end that absurdity,” eliminate the program’s shortfall for 75 years and pay for an expansion of Social Security benefits. Read Full Article »