The Logic of a Liberal
Social Security income does not matter to the 250K-club, but health insurance expenses matter to them a great deal. And we are not talking about some very fancy insurance policy, but about a cheap and low-quality policy like Medicare. The same members of the club who realize they can't purchase such a policy from UNH feel at the same time that their Social Security income is chump change. Is there a problem with elementary logic?
"The answer, I suspect, has to do with class.
When medical expenses are big, they’re big; even the very affluent are grateful when Medicare pays the bills for their mother-in-laws bypass or dialysis. The importance of Medicare, in short, is obvious to all but the very rich.
Social Security, by contrast, is something that matters enormously to the bottom half of the income distribution, but no so much to people in the 250K-plus club. A 30 percent cut in benefits would represent disaster for tens of millions of Americans, but a barely noticeable inconvenience for VSPs and everyone they know. A rise in the retirement age would be a vast hardship for people who do manual labor, but if anything a gift to VSPs, who don’t want to step aside in any case. And so on down the line.So going after Social Security is a way to seem tough and serious — but entirely at the expense of people you don’t know.