The answer is clear, with an added benefit of pitting the Dims, who have NO IDEAS anyway, against the POOR if they come out against this proposal.
This move by the POTUS is in fact .............. Brilliant!
I'm sure that under his plan we'll get both. And if you're NOT rich, you will get reduced benefits if you once WERE rich, according to someone's standards.
My bet is the rich (making over 45k a year) will get both reduced benefits and higher taxes.
I agree 100%!!!
First, SS will absolutely fail for our children unless something is done. My children are savers and won't need it anyway, but that's more reason to be against a tax increase that would force them to support those who don't save.
Second, it isn't actual means testing. It's just using a different index to compute benefit increases. Unless something is done, ALL benefits will be drastically cut to the point where old people will be living in poverty and wealthy people will be living on their savings.