Chief economist/Moody's Analytics: Warren plan for SS will work and reduce deficit. [View all]

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Mark Zandi, the chief economist at Moody’s Analytics, concurred with Warren that the extra revenue from wealthier taxpayers should keep Social Security solvent until 2054 and would also reduce the deficit. Social Security is currently projected to be solvent until 2035.

“The net macroeconomic impacts of the reform are small but positive in the long run; the economic benefit of smaller federal government deficits and debt load is largely offset as high-income people reduce their own work hours,” Zandi said. “The plan results in a much more progressive Social Security system, as high-income people shoulder the financial burden of the plan, while low- and middle income people benefit substantially. “
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https://www.usatoday.com/story/news/politics/2019/09/12/elizabeth-warren-social-security-200-per-month-taxing-rich/2294876001/