Means Testing Your Social Security Payments - Gary North - Mises Daily

Means Testing Your Social Security Payments - Gary North - Mises Daily: "If Medicare's age of eligibility were raised, the premiums of all health-insurance policy owners would rise. This will be fought by the insurance industry. It will also be fought by the geezer lobbies. "

"The budget killer is Medicare. This is because the subsidy is the largest: almost $12,000 a year."

"At some point, there will be means-testing. The politicians will decide that anyone with an income above a certain rate will have his payments reduced. The more his income, the greater the reductions. At first, this cap will apply to earned income. Then it will be applied to all income."

"When it is clear that rich people who have paid into Social Security are costing the taxpayers billions of dollars, there will be bills introduced into Congress similar to the ones introduced on unemployment insurance payments to millionaires."