Monday, July 04, 2016

Newspaper LTE's want to see Social Security stopped for rich retirees even now

There are two important LTE’s regarding Social Security in the Washington Post today, link here.    One of the letters, from Arlington, suggests the radical step of folding Social Security taxes back into general income taxes, and immediate means testing of benefits, and returning the program strictly to a welfare benefit (which, in a constitutional sense, it really is, according to Flemming v Nestor).  The writer suggests that retirees who have enough other income to pay tax now on 85% of the Social Security income shouldn’t get the benefit, even if was promised in the past by the pseudo-annuity set up of FUCA.

A radical, not modest, proposal.

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