He says that if you, in retirement, make more than $80,000 a year, you should have our Social Security pension reduced. That sliding scale will hit zero if you make $200,000 a year in retirement income.
The populist – by which I mean “dumb person” – would say that that makes sense. People making that much money don’t need a pension, so we should strip it from the greedy bastards and give it to some worthy recipient – by which I mean “lazy person.”
But that would be bunk.
Because Social Security is supposed to be insurance, a retirement annuity which you buy at the exorbitant price of 6 and a half percent of your gross income.
How much you pay in, therefore, depends on how much you make; and the more you make, the more you pay in.
So Chris Christie would say to the people who have paid in the most, “Go screw yourself.”
That would be kind of like theft.
Which makes me think he’d be happier as a Democrat.
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