That was interesting, since I didn't know about it. At what point will they try doing that with private pensions and people trying to collect SS?
While you are thinking about that, consider this: At what point will the burden on the public pensions (state and local) become so onerous that they begin to go to the Federal model? This is a real conundrum, teachers, firefighters, cops, sanitation workers, and, other burecrats, at some point, their pensions may come under the same guidlines as the Federal system. Would this help or hurt Social Security? The states are in dire strates with their pension plans so it is a show down soon to come.
BTW, Do you ever wonder how many billionares even pay FICA, and if so why?