What if Social Security fix raises payroll taxes, denting US labor supply?
Congress patches OASI by lifting payroll taxes and the wage cap, shoring up the trust fund but adding a wedge on labor income that mildly drags growth and consumption.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a risk-off shock. Congress patches OASI by lifting payroll taxes and the wage cap, shoring up the trust fund but adding a wedge on labor income that mildly drags growth and consumption. The trigger decomposes into signed root‑shocks — Consumer spending ▼ · Global growth ▼ · Recession signal ▲ · Risk appetite ▼ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.4% hist -0.76–+0.14% · other way +24.57% (n=12) |
| 2 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.3% hist -7.86–+2.0% · other way -1.0% (n=12) |
| 3 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.3% model prior · unmeasured |
| 4 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.2% hist -0.25–+0.17% · other way -0.29% (n=12) |
| 5 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.2% hist -7.63–+2.54% · other way +4.71% (n=12) |
| 6 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.2% hist -4.26–+1.47% · other way +5.56% (n=12) |
| 7 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▲ +0.2% hist -1.12–+0.68% · other way +3.18% (n=12) |
| 8 | High-yield credit HYG 📈 chart | Rate | ▼ -0.2% hist -0.16–-0.03% · other way -0.35% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| SOL SOL | SHORT | -6.8% · 5d -5.4% | 66% | 38 | 0.24 | ✓ matches cascade |
| ETH ETH | SHORT | -6.9% · 5d -4.9% | 61% | 38 | 0.16 | ✓ matches cascade |
| Bitcoin BTC | SHORT | -3.9% · 5d -2.8% | 59% | 39 | 0.14 | ✓ matches cascade |
| Gold XAU | LONG | +0.1% · 5d -0.3% ↺ fades | 55% | 40 | 0.08 | · |
| High-yield credit HYG | SHORT | -0.1% · 5d +0.2% ↺ fades | 53% | 40 | 0.04 | ✓ matches cascade |
| 10y yield DGS10 | LONG | +3bp · 5d +2bp | 53% | 40 | 0.04 | · |
| MSTR MSTR | SHORT | -0.5% · 5d -3.0% | 50% | 40 | 0.00 | ✓ matches cascade |
| NDX NDX | LONG | +0.3% · 5d -0.8% ↺ fades | 45% | 40 | 0.00 | ⚠ differs |
| Volatility VIX | SHORT | -1.2% · 5d +0.5% ↺ fades | 50% | 40 | 0.00 | ⚠ differs |
| US dollar DXY | LONG | +0.2% · 5d +0.1% | 50% | 40 | 0.00 | · |