Warren Buffet was quoted on CNN's Money program with Lou Dobbs, as calling for an increase in the salary income level on which Social Security is taxed. It is currently at about $90K. Raising it would have more affluent Americans pay a larger share of their income than they currently contribute.
He also called for means testing. He stated that he gets a check for $1700 monthly and cashes it, but would be able to eat without it. He realizes that those individuals or couples who are lucky enough to have a high retirement income do not need their monthly check. It is a pointless and wasteful giveaway to a rich elite when there are so many more people who barely scrape by even on full benefits.
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