Tax Increases Seen as Way to Fix Social Security

Social Security expert Laurence Kotlikoff thinks that mostly tax increases will be the way Social Security will be patched up in the future :

Excerpt :

I doubt Congress will cut benefits of current low- and middle-income retirees. And the benefit cuts levied on current rich beneficiaries will likely be implemented by making 100 percent, not 85 percent, of Social Security benefits taxable under the income tax. Congress will also likely eliminate the ceiling on taxable earnings.