It should be lowered. With a requirement of those above a certain amount putting a percentage in 401k. Those under 100k pay in. Then setting up a different “payroll” tax or increased capital gains tax (like WA state did to hit its millionaire & billionaires.
Remember most billionaires are earning compound interest, dividends, or derivative income NOT PAYROLL. You’ll just hit the middle class harder with higher payroll tax. I want mine refunded so I can put it in a 401k.
There’s also no point. This country is done. DOGE exposed our info. The money will all be gone along with the records.
I understand your concern.
Maybe…maybe not. Malign historical eras can be devastatingly long, but in the end, the only constant is change.