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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: Why the Part D Rx plan jigsaw puzzle? Date: 11/13/2007 6:45 PM
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<<On the other hand, if you are trying to suggest that the poor wish Social Security didn't exist, I beg to differ...most of them are glad that there is at least one program in place that helps reduce (not by enough, but reduce some) the poverty among our less off elders in this country.

>>



There an argument for paying a stipend to pay the costs of the indigent elderly, and for their health care, too. But not for paying generous benefits for the well off middle class with other assets and income, in my opinion, especially when other people are paying the bill.


In short, I favor sharply means testing Social Security and Medicare. Part D Medicare is a good example of how that means testing can be done. As I understand it, the rest of Medicare is being means tested pretty much as we speak, with well off people being charged substantially more than the indigent.


We need to do the same to Social Security in order to eliminate further tax increases on working people as the 'boomer generation threatens to overwhelm Medicare and Social Security.


I might add that at age 57, I would be one of those people means tested out of benefits.


Why pay benefits to people who don't need them?




Seattle Pioneer
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