Social Security relies on payroll tax revenue to stay afloat. Some say that eliminating the wage cap will solve the program’s problems. That solution may not be as effective as people think.

If no cap was ever put on earnings subject to Social Security taxing since 1935, we could today double everyone’s benefits with the rich hardly noticing the absence of a cap. The entire cap ...

So they’ve been tasked with coming up with solutions to prevent Social Security cuts. One idea is to get rid of the wage cap for Social Security tax purposes. But that solution may not be ...