• MNByChoice@midwest.social
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      5 months ago

      Eh. One may be rich today and poor tomorrow.

      I think Social Security income is taxed above a certain limit as well.

    • Vent@lemm.ee
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      5 months ago

      Needs based support is definitely a good thing, but that’s not what SS is. That’s closer to welfare and would require a much deeper look into people’s financial situation than a retirement program like SS.

      I could make $500k/yr while working then experience some disaster/disability that takes it all away. Conversely, I could be homeless then suddenly come into massive wealth later in my life. Or, I could live a lavish life because my parents/SO are extremely wealthy, yet I am dirt poor on paper. SS is not designed for these situations, and attempting to modify it to fit them is probably a worse idea than bolstering other entitlement programs that are designed to fill in the gaps.