a) How is social security progressive (falling more heavily on those with higher incomes)? Regressive (falling more heavily on those with lower incomes)? Please include calculations in your answers?
b) Please provide your recommendation to "fix" the US Social Security retirement system as discussed in class and on the handout by providing 3 of the 5 major ways that the retirement component of the Social Security system can be made more sustainable over the long term.
Please provide two specific recommendations for each of the three major ways to make social security more financially solvent in the long-term.