Will the U.S. See a New Tax to Support Its Aging Population?
German politicians floated the idea of a tax on all workers over 25 to bolster benefits for the elderly, but America is another story
Advertisement
So Democrats and Republicans have another 24 years to stop squabbling and reach a bipartisan deal, as history suggests they will. It seems unlikely that younger workers alone will be asked to shore up Social Security, since there will be enough workers of all ages to help solve the retirement program's financing problem.
Bob Rosenblatt is a writer and editor specializing in aging issues. His blog, Help With Aging, focuses on the finances of aging. He was a Washington correspondent for The Los Angeles Times for 26 years. Read More
