The article discusses the controversial proposal to eliminate the wage base, the amount of earnings subject to Social Security taxes, which has been heavily debated since its introduction in 1935. The current wage base is $184,500, meaning that wealthy individuals pay the same amount into Social Security as their own. However, this could result in a decrease in future Social Security benefits. Currently, the maximum Social Security retirement benefit is $4,152 per month. To make this work, the proposal would require greatly increasing the taxable wage base while setting a limit on the number of benefits payable. The article also discusses two other potential reforms to the Social Security, including raising the retirement age to 70 by 2060 and reducing inflation for seniors.