Steve Jones Blasts 40-Year Means-Tested Social Security Idea as Unfair to Savers
Updated
Updated · The San Diego Union-Tribune · Jul 15
Steve Jones Blasts 40-Year Means-Tested Social Security Idea as Unfair to Savers
2 articles · Updated · The San Diego Union-Tribune · Jul 15
Summary
Steve Jones argued a means-based Social Security change would punish people who spent decades saving for retirement while redirecting benefits to non-savers.
Forty years of budgeting, bringing lunch from home and taking modest vacations, he wrote, were part of a plan built on personal savings plus expected Social Security payments.
Jones said stripping benefits from retirees who "saved too much" would hurt the middle class and effectively reward those who did not prepare.
His letter responds to a July 10 article that described a needs-based Social Security approach as a possible bipartisan fix.