Means testing for Medicare and Social Security... the time has come.
Yes, people contributed, but set the bar at $20 million in total net assets...
Their American Dream has come to pass, so bite the bullet.
Of COURSE, first end ALL benefits of any kind to illegals, cut military spending by 33% to start, windfall taxes on select corrupt corporations (especially Big Pharma, Big Legal, Big Defense, Big Media...) select tariffs on our adversaries (including Mexico, of course)...
I don't know what the pension plans are like at the SES level and above, but the government worker bees were switched to a 401k style plan in 1987, called the Thrift Savings Plan (TSP), which has a variety of options from which to choose and mix and match: stocks, government bonds, small cap and international funds, etc. At least, that was what Federal Employees Retirement System (FERS) looked like the last time I checked.
Provide incentives to save / invest one's own earnings for retirement. NOT govt-controlled IRA-type "savings" w/ "when and how much" rules attached. But actual "my money / my risk" accts.
Means testing is Marxist: "From each according to his abilities; to each according to his needs." It disincentivizes risk-taking and incentivizes the opposite.
That could work but our other options are vulnerable to a rotten economy and disasters like what happened in 2008. That was close to our retirement age. Gotta fix that first.
I'm not sure just what you mean... do you think anyone with $20 million+ in net assets would be hurt by means testing and losing their Medicare and SS?
I'm not sure another 2008 type disaster is avoidable. Our debt will soon crush us... so default is certainly in the cards, which will drop the dollar like a stone. Maybe Trump can pull a rabbit out of the hat... but... Buy silver!
Means testing for Medicare and Social Security... the time has come.
Yes, people contributed, but set the bar at $20 million in total net assets...
Their American Dream has come to pass, so bite the bullet.
Of COURSE, first end ALL benefits of any kind to illegals, cut military spending by 33% to start, windfall taxes on select corrupt corporations (especially Big Pharma, Big Legal, Big Defense, Big Media...) select tariffs on our adversaries (including Mexico, of course)...
I eould like no pensions for govt officials. They should have 401 type retirements like people they "serve"
Gov are the only ones left with pensions because they don’t have to produce like normal businesses. They just take from citizens earnings and barrow.
I don't know what the pension plans are like at the SES level and above, but the government worker bees were switched to a 401k style plan in 1987, called the Thrift Savings Plan (TSP), which has a variety of options from which to choose and mix and match: stocks, government bonds, small cap and international funds, etc. At least, that was what Federal Employees Retirement System (FERS) looked like the last time I checked.
Mrs. "the Knife"
Agree
Provide incentives to save / invest one's own earnings for retirement. NOT govt-controlled IRA-type "savings" w/ "when and how much" rules attached. But actual "my money / my risk" accts.
Means testing is Marxist: "From each according to his abilities; to each according to his needs." It disincentivizes risk-taking and incentivizes the opposite.
That could work but our other options are vulnerable to a rotten economy and disasters like what happened in 2008. That was close to our retirement age. Gotta fix that first.
I'm not sure just what you mean... do you think anyone with $20 million+ in net assets would be hurt by means testing and losing their Medicare and SS?
I'm not sure another 2008 type disaster is avoidable. Our debt will soon crush us... so default is certainly in the cards, which will drop the dollar like a stone. Maybe Trump can pull a rabbit out of the hat... but... Buy silver!