1. Increasing Social Security Benefits
It is arbitrary to raise the age because people who can work to support themselves will make more money if they decide to continue working instead of drawing out Social Security. ... However, the distribution effect with a slow increase in the retirement age would have a regressive impact on the program that is designed to be progressive in terms of money paid in and benefits received. ... This, on the other hand, would cost most lobbyists and politicians more money, and therefore is less widely discussed. ... The other options would expose more income to taxation by increasing payroll taxes...
- Word Count: 2076
- Approx Pages: 8
- Has Bibliography
- Grade Level: High School