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Reason

Eric Boehm

What if Social Security Was Capped at $100,000 Annually?

Social Security CRFB

As Social Security careens towards insolvency in the early 2030s, policymakers and the American public will have to reconsider what the old-age pension program is meant to accomplish.

Is Social Security meant to provide a safety net for senior citizens, ensuring that those who do not have sufficient private retirement savings are kept out of poverty? Or is it meant to finance lavish retirement lifestyles for those who earned large sums during their working years?

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