>>l. And it would significantly increase payroll taxes on workers.” And there it is again, the burden kicked down the road to today's workers.


if we had been having this discussion in 1964, it would have been obvious that the expectation of wage growth would easily handle the increased taxes.

My parents' generation never paid enough premiums to fund their retirements.
My generation easily funded them.
That wasn't a problem because my generation made exponentially more money in real terms than our parents did.
My kids' generation couldn't possibly fund my generation's retirement. They probably can't fund their own.
That generation of working people and later ones has seen a steady erosion of its share of GDP.

This article is a bit wonky, but it tells the story clearly:
https://www.nytimes.com/2019/02/03/opinion/democrats-wealth-tax.html

Once you take away the assumption of consistent income growth in all income levels, nothing works and you start getting people saying things like you just did.