For those retirees with income in the hundreds of thousands, twenty or thirty thousand is not a meaningful subtraction - especially for the benefit of all other retirees. The problem is doing anything at all to tamper with those already participating in the system. Bad precedent for money hungry politicians and activists with all sorts of 'social' agendas.
As a matter of history and buyer's remorse I guess, wouldn't the formerly inviolate Social Security system be in better shape if LBJ was never elected in '64? The country bought a boatload of lies, and now is inheriting the wind.
|