how about we cut benefits to the highest 50% and double benefits for the lower 50%
That would mean that if someone made $1 over the line, they would lose $40k a year. That is brutal.
of course.....how would the guy who makes a dollar more than $999,999 ever survive without his $40k..........do you ever actually think before you post?.....
I doubt the top 50% are getting $1 million a year. That sounds more like the top 1%. I could not find the median retirement income, but the average is somewhere about $60k. Let's even say the median is $80k. By your plan, if you make $79,999, then you get an extra $40k, but if you make $80k, you get only $80k. So making one dollar more would reduce your income by nearly $40k. That would be a third of your income.