Robert Reich

Placing the burden of Social Security contributions solely on employees undermines the collective responsibility we share as a society. Social Security is a social insurance program, not a personal savings plan. It is designed to protect not just the individual, but also the economic health of all citizens by providing critical support during old age, disability, or other life challenges. Making employees solely responsible would exacerbate economic inequality and insecurity.

We should tax unrealized gains to ensure that the wealthiest individuals pay their fair share. It is unjust for billionaires to accumulate immense wealth without being taxed on their increasing assets, while average workers are taxed on every paycheck. Implementing this tax would help reduce inequality and fund essential public services.