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ktxhopem3276 t1_jc2x1pm wrote

Means testing is tricky because people will spend down savings faster to avoid it. The scary thing about means testing is it’s a slippery slope. We already have means testing sort of. When they added taxes on ss benefits in the 80s it was never inflation indexed. so now most people have to pay income tax on their benefits. Raising the cap brings in a lot more money than means testing according to the ssa analysis. Another possibility is to fix ss by shifting the medicare payroll tax to the ss trust fund so that ss is still a pay in to get benefits design. Medicare is only half funded by payroll taxes anyway and is mostly paid for by the general fund.

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