There are many Republicans that want to save social security because they see the numbers not adding up over the long-term and there are studies now that show in the mid to short-term, the program is in real trouble.  There are some conservatives that are trying to come up with solutions that will limit  expenses. 
.  The discussion here is ‘means testing’.  Means testing has very real economic problems.  Economics is the study of the change in peoples’ behavior concerning time, work and resources with changing circumstances.  The big circumstance change here is that if you save your money for your own retirement, you will also pay into the government system and not draw government benefits.
If you do not save personally, you will also pay into the government system and you will draw government benefits.  Instinctively people will not save for their retirement.  This simple fact of dynamic changes in people behavior is lost to many and they do the math in the static fashion as if people will still endure greater sacrifice in their working years and end up receiving the roughly the same funds a month as the person that did not sacrifice. 
The person that saved would be drawing from their private retirement funds and means tested out of receiving Social Security.  The person who does not have any private funds would receive their money from Social Security.   This also will create high incentives for people to hide their money from the government so as to not be means tested out of the system.          

 


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    Bill Haley

      Bill Haley started Haley2024 in the spring of 2013 in an effort to his part in restoring freedom to America.

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