PING!!!
Article and comments
From article:
Nearly every income bracket would see a reduction, save for the very bottom. People making around $12,280 in 2016 who have worked for 30 years would see an increase of around 20%. But young people making the same amount would be hit hard by the changes. If they had 14 years of work experience by 2016, they would see their benefits cut in half.
The plan would also cut entirely cost of living adjustments (COLA) for retirees earning above $85,000.
Thanks, SoFloFreeper
All of this would be wrong. An reform that doesn’t privatize SS or eliminate it is wrong and unconstitutional as SS was from the beginning. I get SS as a major part of my income and would accept if all SS were simply ended tomorrow while understanding that it would be better to privatize it for anyone under, say, 50 y.o. and keep it as is for those past 50 when the change is made.
They haven't paid a COLA in 8 years, of course cost of living hasn't went up either. </s>