How do you justify allowing persons earning over $100,000 per year to get Social Security benefits?
This is not a means test. Those people paid into the system and Social Security benefits are an earned right. People who are still working and earning at that level can not receive retirement benefits until age 70. The benefit system is progressive in that high income people receive benefits that replace a lower fraction of their earnings than is the case for lower earners. If such high earners were excluded (on both the tax and the benefit side), the Social Security system imbalance would be larger. 2.30 Is there any consideration being given to treating GenX-ers different from the Baby Boomers? What about allowing younger people to invest privately while continuing Social Security benefits for the Baby Boomers? A number of Social Security proposals are being considered right now. They include some proposals that would include private investments.
