Monday, May 02, 2005

Social Security

Means-testing for Social Security is a good idea. Bill Gates should not be drawing Social Security checks. The savings from limiting payments to the uber-wealthy should help keep the system solvent. However, 45 years from now, the politicians of the day will be faced with a new welfare system. The criticism then will be that the poor people are getting money that is a hand-out. And most people's reaction will be to end it. Fixing it is necessary 45 years from now. Understand how and what people will think then is just as important.

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