..what are we gonna do with all these old retired people..looking for their social security payments.
Opening a whole new can of worms.
We simply place asset based limitations on it. We simply state it's original intention. It's a social safety net for the elderly. If you've been fortunate enough to invest and earn enough to save, we will no longer allow you to draw a monthly check, or it will be reduced by X amount, based on your monthly income.
We'll also need to redefine a few other eligible items. But it could be done.
The argument that someone paid into it, deserves to get a check, needed or not. No longer holds water.
I pay into other social programs, and never see a dime. And neither will my grandchildren. I feel zero love loss for someone earning 6 figures a year in retirement.
My mother, and my uncle are prime examples. Both bring more home per month, than I earn. (I don't flip burgers) Yet, they continue to hoard that money and bitch about how they didn't get a COLA this year. Seriously?