first you do get socked for an additional 7.5% but get to write off stuff a working person would only dream about. After having my own business for 5 years then working as an employee I had a shit when I saw how much taxes they were collecting.
income based needs assessment not asset based, set an amount of 40k per year based on last years tax return.
Assign all monies except a small stipend to medicare if they are in a nursing home.
If you want to collect encourage immigration (illegal is better cause they wont collect the tax they pay) we need 100 million new faces to pay us off. Se habla pensionair?
thanx,
bill