Talk of The Villages Florida - View Single Post - Ben Carson says get rid of Medicare
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Old 05-10-2015, 08:30 AM
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Just one question--- Do you save for your retirement or do you rely 100% on the "free", "entitlement" of Social Security? If so, better learn to live on about $1400/mo on average. But if you contribute to a 401K or similar plan, YOU have taken the RESPONSIBILITY of funding your own retirement, perhaps with some employer matching contribution. If everyone took that responsibility seriously starting as soon as they started working, there would be no need for SS, which is going broke anyway.
Similarly, if everyone started contributing to a HSA at an early age, perhaps also run as employer match, there would be no need for medicare, which is also going broke. In that case, the individual would be more concerned over the cost and scope of their own medical care---no one pays attention when someone else is paying the bill
And don't worry about the top 0.1%--they will always be able to afford medical care.
Very good post. IF everyone did the 401k, it would be wonderful, but that does not happen. The SS is a safety net to supplement your other retirement plan. That is why Means Testing is a good idea. If, according to a sliding table, your retirement income is high enough to get along just fine with less than, or none, of the SS money, you are able to draw a reduced amount or no SS at all.
The SS safety net is there for those in need, not for those who do not need it.