Friday, July 23, 2010
Boehner's "Modest Proposal" on Social Security and Medicare (means testing?)
For the very wealthy, one could suggest means testing Medicare, too (although I don’t think any European country does this), almost the way we do Medicaid (with the look-back-period laws).
But you could also look at estates and recoup a deceased person’s costs, according to some kind of formula with floors and rates, perhaps something built in not to penalize longevity too much.
But I don’t think European countries do that either. But logically, once you start means testing, you get into the “to each according to his needs” mentality.
I still remember the rants of the radical Left in the early 1970s (as with the People’s Party of New Jersey, for example) railing against “inherited wealth”.