Given all the information listed above, my personal thoughts on how I would go about preserving Social Security are as follows: First, I would increase the tax rate towards Social Security from 6.2% to 7.2%. Second, I would increase the cap for the portion of an individual’s salary that would be taxed for Social Security to $250,000. Third, I’d make sure that 90% of all American’s annual income is taxed for Social Security. Finally, I’d also want to make a promise within my policy that assures that 90% of American’s wealth is without a doubt being taxed for Social Security. Even though I may have a proposal to fix this issue, there comes the issue of making this proposal change into a law. In order to do that, there has to be a proposal
