Means Testing was always a good idea to cut Social Security costs. Those very wealthy individuals who are collecting, in many cases around $5000 a month, are legally entitled to receive their payouts, but most muti millionaires and all billionaires, do not need the monthly payouts.
If the law was established to allow Means Testing, those with assets in excess of $10m,$20m, or whatever the amount decided upon would not get those payouts.
The payouts would be given if those individuals fell on hard times and needed the money. Utilizing Means Testing would greatly reduce the costs to the Social Security system and should be one of the major cost cutting tools implemented. RJB