"Under either set of assumptions, we are talking about significantly higher tax revenue shortfalls than the 23% figure claimed to 'fix' the System in the [American Academy of Actuaries'] Social Security Game. If you prefer to think in terms of necessary benefit reductions rather than required tax increases, the percentages are about 25% under the Trustees' assumptions and about 30% under the CBO assumptions.... It appears likely that those with relatively higher incomes (young and old) will be asked to bear a significant portion of the increased cost in this next round of System reform."

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