While posting to another thread on the complexities of mortage 'bailouts', I got to think about Social Security complexities.
One suggested solution to the current mess is 'means testing'. Now, I'm not exactly sure what that term means.
And again, I stray somewhat from my libertarian roots.
Given the same income or net worth history:
I have NO desire to subsidize someone who lives in a McMansion, with a gazillion-foot plasma TV, and multiple other toys that I denied myself in order to LBMM and ER.
However, I have GREAT sympathy for someone who has health problems, has parents with health problems that they (the children) paid for, or parents with children with health/mental problems that they (the parents) paid for.
So again, I come to the same conclusion: one-size-fits-all solutions don't work very well.
One suggested solution to the current mess is 'means testing'. Now, I'm not exactly sure what that term means.
And again, I stray somewhat from my libertarian roots.
Given the same income or net worth history:
I have NO desire to subsidize someone who lives in a McMansion, with a gazillion-foot plasma TV, and multiple other toys that I denied myself in order to LBMM and ER.
However, I have GREAT sympathy for someone who has health problems, has parents with health problems that they (the children) paid for, or parents with children with health/mental problems that they (the parents) paid for.
So again, I come to the same conclusion: one-size-fits-all solutions don't work very well.