And the idea that it won't effect people making less than $400K is a fairy tale as well.
People like me who "paid themselves first" investing early in 401K and Roth, driving shitty cars in my 20s and 30s, living with our means. We won't get the SS we've paid into, I am sort of okay with it as I never expected it to survive into my retirement years and planned ahead. But my original question to Tyrone and his answer doesn't seem to jive with reality. A lot of retirees who don't consider themselves "rich" will be shocked and appalled.