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Trump’s Advisers Have a Brazen Plot to Gut Social Security

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  • Trump’s Advisers Have a Brazen Plot to Gut Social Security

    https://www.counterpunch.org/2020/05...cial-security/

    In the midst of the coronavirus pandemic, the policy Donald Trump is fixated on has nothing to do with ramping up testing, getting protective equipment to workers, or sending resources to nursing homes where tens of thousands of seniors are dying of COVID-19. Instead, he’s obsessed with cutting payroll taxes, Social Security’s dedicated revenue.

    Now, Trump’s economic advisers and his unqualified son-in-law Jared Kushner have another way to undermine Social Security: The so-called “Eagle Plan,” which would be more aptly named the Work ’Til You Die Plan. It would give people $10,000, but only if they agreed to sign away a portion of their future Social Security benefits. This plan asks desperate families, terrified of going without food or being thrown out of their homes, to sacrifice their retirement.

    Plans like this one betray a willful refusal to understand the nature of Social Security, which is insurance, not a piggy bank. It replaces wages lost when a worker retires, becomes disabled, or dies leaving dependents. Workers earn these benefits with every paycheck.
    Turning Social Security from guaranteed insurance into a private account is a longstanding goal of Wall Street billionaires. Right now, Wall Street gets no money from Social Security. But if it were converted into hundreds of millions of private accounts, Wall Street would reap huge profits.
    Thanks Trump and the people that favor Him
    449D0FFE-4225-4FAA-8D1C-DBB036055273.jpeg

  • #2
    Re: Trump’s Advisers Have a Brazen Plot to Gut Social Security

    Originally posted by fedexnuno View Post
    https://www.counterpunch.org/2020/05...cial-security/





    Thanks Trump and the people that favor Him
    He continues to say he will not touch social security and medicare the same as the left continues to says he will.. Same goes with preexisting conditions in medical insurance but go ahead continue to push the lies.. And they say Trump lies..

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