General Discussion
In reply to the discussion: Should rich people receive Social Security benefits? [View all]abumbyanyothername
(2,711 posts)have ulterior motives.
I am just saying that if anything is done to the program, it should involve raising collections from a class that currently hits the cap rather than cutting benefit levels (already too low) or raising the age (as a professional white male this would not affect me personally, but I can see where the construction worker or auto mechanic might have a different POV).
The thing to really keep our eye on is whether they ultimately go for something like default on USGOV debt, a fair portion of which is held by the SS Trust Fund.
This would amount to a massive tax hike on the middle and lower classes to pay for tax cuts to the wealthy and various adventurous wars in Latin America and the Middle East.
And again, default is totally unnecessary when nothing the fed does seems capable of producing across the board inflation. Meanwhile, the fed holds the power to print all the money it wants.