My Q: What is our commitment to absolute fairness and equality regarding entitlement programs?
My A: The fact that the caps on taxable income are pretty low, like Social Security income at just over $ 110K, sort of puts us in the same boat, so to speak. It seems inherently unproductive to devise and promote an entire new cruise ship to retirement, with berths for 100 thousand passengers and lifeboat space for 53 thousand of them.
To the extent that Social Security represents a safety-net, which we conceded long ago was necessary, the arguments being made are that the net is too big, the holes are too small, or the opposite, or both….all bs!
It’s time, even long-past time, to fix the net….NOT trash it.