“...But people who are nearing retirement and have made plans based on SS and a pension system...”
There’s your trouble. Bad planning. Liberals want the government to see to the needs of those who plan poorly. That’s the original sin that created such a ponzi scheme social program as Social Security. It’s socialism, collectivism, communism, progressivism, or whatever you want to label it. It is not reflective of good old American self responsibility.
Better planning is to not rely on systems run by the corruptable; government and S&L types. Maintain good health, plan your spending, allow for hyper inflation by not having your money tied up in money.
And, oh yeah, work your whole life.
I plan to work (business owner) my whole life, but now in my fifties, I can take more days off to go fishing, hunting and traveling to visit relatives and friends. I live better than my retired friends whose income is limited (bad planning).
Wait until you are in your sixties. Its fortunate you have good health. Not everyone is so fortunate.
As for poor planning, when I started working years ago, SS was solvent and the economic issues facing us today were not apparent.
If there were no SS and I didn’t have to contribute to the “Ponzi” scheme, I could have invested that money in instruments of my choice.
And planning on an employer/employee funded pension is simply not poor planning. Its the way things are done - or were done.
I would continue working were I fortunate enought to have secured a position I enjoyed. Not the case. If I were a riflesmith I would work until I dropped or couldn’t see anymore. But as an office type employee, there is limited enjoyment in my job. I look forward to being able to leave - whenever that happens but it looks further and furthere i the distance - if ever.