Andrew Biggs on Means Testing

At the American Enterprise Institute's journal The American, Andrew Biggs makes the case against means-testing Social Security or Medicare as a way to balance the budget, an idea that has gained some traction recently: "the reason means tests have been unpopular in the past remains true today: they penalize people who work and save. Some may perceive this as unfair; fair or unfair, means tests have negative effects on incentives to work and save."