Huh? How does that work?
Get ready for every thrifty American who saved and invested properly for retirement; this will apply to social security benefits eventually as well. Watch as the government screws you out of all your S.S. benefits along with your Medicare benefits to assist those who didn't bother to invest/save properly. Suckers all. Although we didn't have a choice about paying these so called benefit taxes. I never counted on receiving them anyway as part of my retirement planning. The greatest Ponzi scheme ever developed by an elected government. Makes me wanna cry, at least for those who were responsible for their financial condition anyway. Another tax you'll never see the benefit from.
It only makes sense to apply a means test to this entitlement. Why should a millionaire in Palm Beach pay the same premium as a poor person? The fact is that unless some such criteria are applied to entitlements (including social security) the plans will go bust and no one will collect anything!
Anyone born in 1950,or later,who thinks their retirements will be *nearly* as comfortable or secure as that of their parents is stark raving mad....crazy!
What about equal protection under the law? The costs should be equal for everybody.
Punishment for those who dare to try to succeed.
Interesting that a cabal of cretinous traitor Republicans did this in 2003 and managed to keep it secret until now.
Thanks, guys.
Apparently too poor to pay for their own insurance. I love socialism.
The entire medical profession warned the CONgress and LBJ that the law, with it's blank check approach to Socialized Medicine would trigger greed and inflation in medical costs for generations and eventually become a monster that could consume the resources of the entire federal government.
But what the hell... Who listens when there are votes to be bought and legacies to be built and busts and buildings named after chicken poop politicians to be built to contain rows of them?
it's bush's fault. call George Will and tell him that we need to fix that prescription drug plan. Maybe dropping all the changes that will pay for improving health care system like medical savings accounts and indexing medicare payments. Oh the horror of the Republican congress and their evil spending.
Medicare will thus price more affluent senior citizens out of the program, because free enterprise will offer a better program for less money. So Medicare will be stuck with only the poorest and sickest, which will only hasten the demise of the program. Good riddance to another failed nanny state program that should never have seen the light of day. Our medical bills would never have become this inflated without the government's meddling in medicine.
Actually this is just an extension of the inequity of the Medicare tax. Someone making 20K annualy pays $290 for Medicare. Someone making $5 Million pays $72,500 per year into the Medicare fund. Now when the millionaire retires, he probably will not be eligible for Medicare, or will have to pay ridiculous premiums with high deductibles.
Welfare strikes again. The moral of the story is that if you save to take care of yourself, you will be financially punished. Deadbeats will be rewarded as usual.
More Marxist-friendly legislation by the Feds.
And, what's scary, it has only just begun. If the Dems take over, it will be "monetary terrorism" against every saver.