{"id":2466,"date":"2010-11-30T07:00:57","date_gmt":"2010-11-30T07:00:57","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=2466"},"modified":"2010-11-30T07:00:57","modified_gmt":"2010-11-30T07:00:57","slug":"turning_social_security_into_a","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=2466","title":{"rendered":"Turning Social Security Into A Welfare System"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2010-11-29\/wealthy-would-have-social-security-trimmed-in-proposal-by-democratic-group.html\">Bloomberg.com<\/a>&nbsp;reports today that Washington-based <a title=\"Open Web Site\" href=\"http:\/\/www.thirdway.org\/\" rel=\"external\"><font color=\"#0033cc\">Third Way<\/font><\/a>, a Democratic-led policy group,&nbsp;proposed a plan that would raise the retirement age, trim or eliminate Social Security benefits for high-income retirees, limit cost-of-living increases and provide money to help young workers create private retirement accounts. <\/p>\n<p>The only part of that I agree with is providing money to help young workers create private retirement accounts.&nbsp; Let&#8217;s talk about trimming or eliminating Social Security benefits for high-income retirees.&nbsp; Tax policy does influence behavior.&nbsp; We have watched for years as&nbsp;senior citizens&nbsp;divested themselves of personal assets in order to have Medicare pay for their nursing homes.&nbsp; We have seen people wait to accept&nbsp;jobs as unemployment benefits have been extended.&nbsp; We have seen people put off marriage as the marriage tax was put into effect.&nbsp; To deny people who have paid into Social Security all their lives the benefits they were promised because they were successful and planned ahead is not a good idea.&nbsp; First of all, it breaks the promise made to all of us who have been paying into Social Security since we began working, second, it sends a message that if we plan for our retirement, we will be penalized, and third, it allows Congress to tell us exactly how much we are allowed to earn.&nbsp; Why in the world are we even considering allowing the government to limit the amount of Social Security someone can receive because that person actually planned for their retirement?&nbsp; This will ultimately be one of the government&#8217;s &#8216;redistribution of wealth&#8217; plans.&nbsp; Keep in mind that I posted an article in October (<a href=\"https:\/\/www.rightwinggranny.com\/2010\/10\/using-your-401k-account-to-bai.html\">RightWingGranny<\/a>) about Senate hearings which discussed taking over 401K plans of private citizens.&nbsp; How about means testing Congressional pensions?&nbsp; Or taking over the 401K plans of Congressmen?&nbsp; Anyone want to comment on the likelihood of either of these things happening?&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg.com&nbsp;reports today that Washington-based Third Way, a Democratic-led policy group,&nbsp;proposed a plan that would raise the retirement age, trim or eliminate Social Security benefits for high-income retirees, limit cost-of-living increases and provide money to help young workers create private retirement &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=2466\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2466","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2466"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/2466\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}