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Originally Posted by Noogies
I know, right?
My original point -- albeit possibly arrived a by a circuitous route -- was that rich people shouldn't be receiving social security. Means testing, anyone? Seems like a good way to trim expenses.
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It would trim relatively little in expenses, while introducing a potentially-problematic complication into the claims process. The only change necessary is to increase the cap on earnings subject to social security tax. I would make it a floating cap, adjusted automatically every year so prospective revenues hopefully match prospective expenses. Should that fail, Treasury on the hook for the shortfall. As it is anyway....