Social Security for everyone: by everyone

"Most of the time, stuff doesn’t just happen to us—we make it happen by what we do and the way we are." Tony Jeary

Everyone knows that Social Security will run out of money, the only question is when. There are band aid approaches, for example increasing the age, from 65 to 67, which people can start collecting 100% of their Social Security. If the age of eligibility were to be the same as in 1935 when Social Security was enacted, the age for full eligibility would be 78 years old.

With the number of workers per person collecting Social Security decreasing these measures do not even qualify as stop gap actions. Basically this means that unless you want to increase the age for collecting Social Security checks dramatically you need to find more people who contribute to the program. So where do you find the additional people?

Remove the limit on income to which the Social Security tax applies, which would mean ending the $102,000 limit. Those who make more money than the $102,000 limit actually get a 6.2% raise in the pay periods following their reaching the limit. Does it make sense that people who make twenty million ($20,000,000) or more a year to contribute for only 2 days or less for the economic welfare of the country?

Social Security is designed for the economic welfare of those who retire, so why is it that everyone, even those who have enormously high incomes are not required to contribute to the fund?