Social Security benefits are available to all who have contributed, including billionaires. Despite some legislative proposals for means testing, the fundamental nature of Social Security is rooted in entitlement due to prior contributions. The system assists many older Americans who rely on it for financial stability in retirement, underscoring its importance irrespective of wealth. Thus, the argument against means testing is based on the principle that benefits should not be denied based on one's financial status, as contributions determine eligibility.
Even billionaires are able to get those benefits on a monthly basis, and that’s because Social Security is not a need-based program.
Many older Americans today need Social Security to survive financially, but the program is designed as a benefit for those who paid into it.
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