The Social Security Administration warns that by 2033, it might only be able to pay 79% of promised benefits without Congressional intervention, highlighting an urgent need for policy changes.
Chris Christie argues that Social Security was intended for low-income individuals, questioning whether high earners like Warren Buffett should receive benefits, thus stirring a complex debate about entitlement.
Raising the eligibility age for Social Security benefits could help maintain current funding levels, but the Congressional Budget Office cautions against this approach due to potential political backlash.
Debates arise over how to define 'rich,' whether based on job income or passive wealth, as proposals emerge to reduce or eliminate benefits for high earners to address funding issues.
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