Means tested my ass, give me my money back.
It's not 'your money', it is simply taxes. Always has been, despite any propaganda spewed by FDR and his ilk.
Supreme Court already ruled that there is no individual property right to your 'contribution'.
Congress can (and will) change the disbursement rules whenever it suits them.
Anyone asking for 'their' money back is simply asking to perpetuate this Ponzi scheme onto future generations.
That's the rub. Dot Gov wants you to think that money you paid in to SS was going into a retirement account with your name on it. In reality that money was spent as soon as you paid it in to pay the old age welfare your parents' generation received with anything left over going out to the general fund. They don't have your money any more.
You get your money back in approx. 4 years...go do the math. But, if Warren Buffet draws $ 35K a year for the 25 years he currently qualifies, does that really make sense?
For all practical purposes, SS is an income tax. Means testing just removes the ambiguity.
How about the upper limit on SS tax is removed and then the whole shebang is merged with the income tax, and then kill the income tax?
I agree. SS is supposed to be insurance. The wealthy already get a smaller percentage of their contributions back. This leftism pure and simple. I am sorry Cruz believes this.
I agree. I've paid the max for 30 years. The last time I received an "accounting" from social security, the amount confiscated totals over $300,000.