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To: Fishtalk

Here’s an article that well supports your questioning of means-testing as a fix to SS:

http://www.offthechartsblog.org/means-testing-no-answer-for-social-security/


151 posted on 03/17/2011 6:25:02 AM PDT by 9YearLurker
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To: 9YearLurker

Let’s hope that our Repubs, who, face it, aren’t showing a whole lot of gumption of late, fight back against this concept.

A lot of Americans envision a Bill Gates type of person. The real money is in people like me and husband. We get about $3,000 a month, that’s with TWO SS checks, that’s $36,000 a year...we’re hardly sitting around on Easy street. But we’re not starving either.

We have a house paid for (hey, we paid it off....we paid it off with profit of sale from a waterfront home to a non-waterfront...very fiscally responsible). We have some money in the bank from our 401-K’s...all legal as provided by American law. We have to start spending it by our ages 70.5 and we will and we will pay taxes on our withdrawals as appropriate.

Husband and I are EXACTLY who means testing for SS would target. As the article states, there aren’t enough Bill Gates/Donald Trump types collecting SS checks that absconding with them won’t do much good at all.

But there are probably MILLIONS of average folk like husband and I...that’s where your money is.

People that have a house paid for, dear Lord the gubmint will say, what you need all that SS for? You don’t have a mortgage when right over here we got lotsa people about to be foreclosed on who could use some of that SS money you get that you don’t need for a house payment. People with 401-K money, dear Lord, use the interest you make from your savings that you worked for and earned all those years that came out of your paycheck and in no way came from any gubmint coffers save delayed payment of taxes on same. We should take even more from your and husband SS checks for all that savings you two have.

Further, says the gubmint, well dear Lord, you both live together and are receiving TWO SS checks? Here you two are saving on electricity, cable service, etc...why you need all that money that was withheld from your paychecks, BOTH of your paychecks, through the years, and matched by your employers? We got some folks over here never been married, been too busy for silly stuff like settling down and all, and they need some of your SS check.

Anybody don’t think this would happen I got a bridge to sell cheap.

So how much of husband and my SS checks would the gubmint take? Maybe a thousand a month for no need for house payment, interest for 401K should be coming in, savings from being married 25 years and living together?

Thus husband and I would be taking in, what? $24,000 a year...so okay, we’d survive I suppose.

But do we really want to go after retired/disabled folk making about $36,000 a year, honest, law-abiding, lived by the rules, paid their mortgage?

Has American really degraded this far?

Cause they ain’t gonna get this money from Bill Gates, folks.


152 posted on 03/17/2011 7:11:52 AM PDT by Fishtalk (http://patfish.blogspot.com/2011/02/freerepublic-ping-list-compilation.html-Freep Ping Blog post)
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