So if Medicare (and social security) are going to run out of money why isn't [View All]

the government raising the contribution rates of those taxes in order to sustain those programs?

In the mid 1990s, Canada realized that the Canada Pension Plan (their version of social security) would run out of funds within 20 years if they
didn't increase the contribution rate. So, over a period of seven years, the contribution rate for both employees and employers was increased
from 2.8% to 4.95%. This change has guaranteed that there will be sufficient funds to maintain the system.

Now, everyone's complaining that Medicare and Social Security are running out of funds, but the one thing that those same people won't do is
increase the contributions to whatever level is needed to maintain them. That's just burying their heads in the sand. Wake up people, the
problem is not going to go away and by ignoring it you're just making the ultimate outcome worse.