WASHINGTON: U.S. Representative Greg Casar has renewed calls for wealthy Americans to contribute more to Social Security, arguing that the country’s richest citizens should pay a larger share to help protect the retirement programme relied upon by millions.
Marking 91 years since Social Security became law, Casar said the programme must be strengthened rather than weakened. He argued that billionaires such as Elon Musk and Jeff Bezos can effectively face a lower Social Security contribution rate than ordinary workers because payroll taxes apply only up to a statutory earnings cap.
Casar has pushed the argument that the wealthiest Americans should pay their “fair share” to help shore up Social Security finances. His position comes as the programme faces growing financial pressure. The 2026 Social Security Trustees report projects that the Old-Age and Survivors Insurance trust fund will be depleted in the fourth quarter of 2032, after which continuing income would cover only about 78% of scheduled benefits if no changes are made.
The debate is becoming increasingly urgent in Washington, with proposals ranging from higher contributions from high earners to benefit changes. Casar’s message is clear: instead of placing the burden on ordinary workers and retirees, he wants the wealthiest Americans to contribute more to keep Social Security financially sustainable for future generations.
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