At Boehner’s Request, He and Obama Negotiate Alone

[AnotherMcIntosh]

58. I realize that you are not saying that SS should be privatized. But if we look at what Reagan did

by putting the nose of the camel under the tent and using a means test to make 50% of Social Security benefits taxable, inflation has cause a great many people to satisfy the means test and and have their Social Security benefits reduced by being subject to federal taxation.

Once the nose of the camel was under the tent, Clinton then reduced SS benefits by adopting the same approach and reducing SS benefits by making 85% of SS benefits subject to taxation. Once again, inflation has made it easier for many people to have their SS benefits reduced by meeting the means test.

Once again, I fully expect Obama to reduce SS benefits further by raising the 85% number to 100%.

The problem is that those who want to change SS start out with one means test, compromise, then change the formula, then change it again.

The SS cap should be removed. Not modified. Removed. IMO, all estates in excess of $5 million should be subject to a 100% tax as long as we have endless wars plus hungry and homeless people in this country.