Removing the income cap is the obvious first step to balancing the social security budget, but it’s not enough to make the system solvent long term.

There are a number of ways to fix the remaining shortfall, but removing the cap is really the only easy measure and we can’t even do that. All others involve some amount of pain. This interactive calculator is worth spending a bit messing with: https://www.crfb.org/socialsecurityreformer/