They will eventually enact some sort of means testing for Social Security. I have a multimillionaire uncle collecting $4k a month in SS that he really doesn’t need and there’s plenty more out there like him.
But then did your uncle pay into Social Security during his working lifetime? If so, he’s entitled to benefits, whether he “needs” it now or not.
I agree means testing could well happen. But how will they administer such tests? For example, if you own a house, will that be used against you in determining eligibility for Social Security benefits? Then again, just because you own a house doesn’t mean that you have a lot of cash, even though on paper, you’re very wealthy for owning an asset such as a house.
he gets $4k/month because he was forced at gun point to pay in to the system a lot more than that
It doesn’t matter if he doesn’t “need” it. He paid into it, involuntarily, all his life. At the risk of imprisonment if he didn’t pay his taxes.
We don’t get to steal from people because they have done well. Most do well because they work hard, stay off dope, are honest, are innovative, have self discipline, keep the law, and treat people decently.
How much did he pay into the system?
[...] that he really doesn’t need [...]
Who are you to determine that?!
Regards,
Jeez, I collect 2k@ mo in SS and I’m going bankrupt.
But the problem is not SS. the problem is me.
“enact some sort of means testing for Social Security. “
Sooo... you’re a Communist. Good to know.
If your uncle paid into SS during his lifetime, and put in the required number of quarters, HE GETS TO KEEP THE MONEY!
There are many multimillionaires on FR — two that I know of. Why should they work their asses off for 50 years, create their successes, and let others who didn’t work as hard steal from them?