what if you could eliminate the regressive payroll taxes at the same time?
try this: just pay for it out of general revenue!
all congress has to do is enact a law requiring itself to keep the trust funds solvent.
the benefits would be based on cost of living instead of income, and there'd have to be a formula limiting congress's power to raise the retirement age too quickly.
and all that will motivate them to find ways to lower costs.
yes, it's so simple that it sounds too good to be true, but if it's not true, or it won't work, or there's something wrong with it, show me!