lower income and social security

Means testing social security benefits, will be like most plans to take from the rich, in that it won't be as much as most would think. If, for example all people with non- social security income of $100,000 per person or $200,000 per couple would lose all of their social security the savings would be 2.3% of all benefits or $2.1 billion. That's enough to give each American 7 bucks. While grandfathering in all people over age 50, it is time to start privatizing social security for younger participants. It is well documented that lower income individuals have lower life expectancy and having private accounts will offset this discrimination. The difference is significant as shown by a recent study. Among men born in 1960, those in the top income quintile could expect to live 12.7 years longer than men in the bottom income quintile. This NAS study finds similar patterns for women: the life expectancy gap between the bottom and top income quintiles of women expanded from 3.9 years for the 1930 birth cohort to 13.6 years for the 1960 birth cohort. This is just one more example of how low income people are discriminated against.