There will be a great additional cost if this is done, the cost of reestablishing older people in other programs so they don’t starve to death or die of exposure. Probably cheaper to just keep it. The payments are minuscule anyway.
I’m reading the full article and I’m not that opposed to the plan as described. It would raise taxes on billionaires. I used to think that was wrong. But billionaires, from both the right and the left, are now the enemies of the American people, pushing for open borders, turning all America into deep-blue California. Let them be taxed to make the senior years less dismal for the people they lay off or rob of jobs through their cheap labor express machine.
If people “planned” for retirement by planning to become a ward of the state, whose fault is that?