I do think we mostly agree. The means testing could indeed be done, but it would be very difficult to so so fairly. I still think it is a bigger foul to change the rules significantly once it is too late for the person to realisticly react. A person retires at age XX, haveing decided that with SS he or she can live at a certain standard of living. They played completely within the rules, saved, did everything we think they should have. A year later they get told that 30% of their income will disappear (that is not a wildly out of line number), but it is too late for them to go back and get a job remotely close to what they were making. I know age descrimination is illegal, but it is still rampant.Like I said I do NOT think means testing is "fair". You are correct that we are changing the rules on people. My only problem is I cannot see taxing a family with kids making $60,000 to $80,000 a year, which is probably pretty typical if both work, so that a retiree that makes $100,000 plus can get their social security benefits. It is completely unfair to the retiree who lived responsibly and planned so that they could have that income but which is the lessor evil?
Had they been told before they retired and had to work a couple years longer, I have far less issue. I think something that says anyone with 3 or 5 yrs of the current SS dates is uneffected for means testing, and start phasing in the age and means testing at that point would be tollerable to many. Originally Posted by Old-T
Like I said I do NOT think means testing is "fair". You are correct that we are changing the rules on people. My only problem is I cannot see taxing a family with kids making $60,000 to $80,000 a year, which is probably pretty typical if both work, so that a retiree that makes $100,000 plus can get their social security benefits. It is completely unfair to the retiree who lived responsibly and planned so that they could have that income but which is the lessor evil?I would have no real issue with the person making $100K, but the issue is where to define "rich". Most people I hear ralking about "means testing" for SS are talking much lower numbers, more like half that.
I could agree with a phased in approach but we also need to phase in a transition of the social security program to get rid of the current ponzi scheme. I don't know if it is possible to do both. Originally Posted by Laz
I would have no real issue with the person making $100K, but the issue is where to define "rich". Most people I hear ralking about "means testing" for SS are talking much lower numbers, more like half that.I would have a problem at amounts that low also. The reality is means testing by itself is not the solution but it should be one aspect of it.
I also agree we need to find a more fundamentally sustainable underlieing economic approcah for SS, though I don't subscribe to everyone runs their own; that only works if there is truly a willingness to let the lazy/unlucky die. If there is a "safety net", it isn't always the right thing to allow the trapeese artist to tie their own net. Originally Posted by Old-T
I just don't know if Congress--under either party--will ever have the stomach to do real, thoughtful, hard work. Originally Posted by Old-TThis remains the biggest problem. Neither party can or will do what is necessary since the second they try the other party has members that will use it against them. A perfect example is what happened to Bush in his effort to partially privatize the program. I am not sure his idea was that great but he was attacked badly for even trying.
CJ7 - have you been trained to argue against any conservative idea regardless of its merit or how crazy your objection is? Watching the whole used car back and forth issue was so silly. Of course used car prices will rise. All the way up to the point where people perceive the value of buying a new car is better. That is close to how it works today and just in case you have not noticed a lot of people in the 98% buy new cars today. I suspect a lot of them will continue to do so since they are paying all of the taxes that are built into the price of the car now. Originally Posted by Laz