Robert Samuelson Considers It a Serious Problem of Generational Inequity If Our Kids After-Tax Wages Are Only 45 Percent Higher Than Ours

Yeah, we all want our children to enjoy a more comfortable life than we do, but how much more comfortable does it have to be before we feel we have failed them? The Social Security Trustees project that before tax wages will be on average 55 percent higher in real terms than they are today. Suppose that we have a huge 5 percentage point increase in taxes to pay for Social Security and Medicare? That still leaves wages in thirty years more than 45 percent higher than they are today. Would that...