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Friendly reminder that Social Security is a separate government program that funds itself.
What Musk is talking about is stealing from Social Security in order to cut taxes elsewhere (namely cutting taxes for people like Musk).
That's not completely true. Social Security is supposed to fund itself, however it's currently facing a funding shortfall with current estimates that it will be depleted in 2035. There are many suggestions on how make this program solvent, including bolstering it with general funds.
I think a good start would be to stop allowing Republicans to raid Social Security for quick cash, like they've been constantly doing since the Reagan administration.
But then how could they argue it's insolvent‽
That's not completely true. Long ago they put it into the general fund. There is always a shortfall in the general fund. Before they put it in there it was solvent, and if they wouldn't have it would be completely solvent today.
It was already stolen. They want the rest.
Remember, we fucking paid for social security. It’s not government pork. It’s ours.
Don't worry, you'll continue to pay for it. You'll probably even pay more.
The cuts are just for the people receiving it. They'll lose money. Which means you'll lose even more in the future.
A majority of young people agree on what the right course of action is here. Remember to leave your phone at home. Don't talk to the police.
Up, it has a surplus. Government 'borrows' from the pool to pay for stuff. When they say they're making cuts, what they mean is they don't intend to pay the debt.
Wow! Who woulda guessed they would immediately reneg on a campaign "promise" and immediately attack the side of the population that most reliably votes for them?
‘Member when Dark Brandon called republicans out on this in his state of the union address, and they all booed and denied it?
Pepperidge Farm ‘members
Too bad "dark" Brandon couldn't appoint a competent attorney general. Or stand up to the Israeli genocide. It so any of the important things that could have prevented voters not caring to turn out, having felt abandoned and ignored... But at least he said some things
Sure sure. I'm game for moving social security, but now how about you give back all the fucking money I put in it WITH interest since ya know.... Inflation.
A huge, mouth watering steak walks up to you and says, "There's no more food."
That’s rich.
^ill^ ^see^ ^myself^ ^out^
Yes, they want to roll back the entire New Deal and have corporate serfdom again. They have been saying it for years and now they have their chance.
More and more I feel we are seeing the pendulum swing. Normally we see 5-10 year cycles of push and pull along the political spectrum, but I'm becoming increasingly convinced we're in a century long cycle too.
We no longer have those with living memory of the gilded age, losing those who remember the saving grace that was the New Deal, and fewer and fewer left who were sent to war to fight fascism. Meanwhile the wealth gap is worsening in developed nations across the world, democratic republics are electing more far right parties and authoritarian leaders with populist messages, and the incoming administration is floating the idea of scrapping the FDIC and deregulating anything else on his favorite billionaire's wishlist.
Seems like we're right on track for a repeat of the 1930s.
It's funny at this point. Either the rich pay their share or we Mangione them. Tick tock musky. Tik fuckin tok.
I'm legit surprised some big stock brokerage or finance firm hasn't loaded up to the tits on Tesla short positions and then sent in a couple of Luigi's.
Wouldnt the company be more profitable without his interference and huge salary/bonus?
Tesla valuation at this point isn't vaguely related to how good or bad their actual business is, at this point it's people buying into "co president Elon".
WHUT? I thought Trump was just going to kick out all the illegals and fuck over China! No one told me there would be DOMESTIC consequences!! Why didn't anyone warn me? At all his rallies he said the next 4 years would be awesome. Now I'm starting to think I was misled!
"But they won't take away MY social security…"
For most boomers, this is true. It’s genx and younger that will suffer.
If DOGE doesn't touch US Military spending (they won't), it's more bullshit than the TSA
What's going to happen is DOGE will cut $5 trillion from the programs, and then there will be a $4 trillion in tax cuts that impact only the rich in someway or another, and an additional $1 trilion for the military.
0 money is actually going to be saved from this. Realistically it'll be negative and cost money, not even 0.
All you guys who didn't vote for whatever reason... I hope you're happy.
I think that anyone who didn't vote because they thought the two were equivalent are probably not the type of person to keep up with this type of thing. So, there is probably ignorance, not necessarily stupidity (although there is that too). Ignorance is bliss. They're probably in their own world worrying about other things, and they probably are happier for it.
I am envious. It will be bad enough to suffer resulting from everything president dipshit will do, but suffering from frustration knowing it is coming is awful too.
doesn't need to be, of course. they just want to cut social security because 'the poors' rely on it more.
debt reduction efforts
deep-six every loophole used mostly or only by the wealthy to avoid paying their share of taxes.
increase funding for irs, streamline enforcement actions, give them the resources needed to go after the big fish.
eliminate the cap on social security contributions, lower the ceiling on benefits for the very wealthy retirees, while raising the minimum benefit.
single payer tax funded health care, paid by higher taxes on the wealthy.
raise the capital gains rates. raise the estate tax, lower the assets value needed to trigger it.
raise the marginal rates for high income earners (by a lot. i want reagan screaming from beyond)
budget problem fixed. well over $2 trillion a year pumped into the economy by people who are now no longer padding insurance companies' bottom lines with it. but we aren't done yet....
$12/hr min wage (wait wut?!?!?! wait for it....)
$24,000 universal tax credit for everyone. the higher taxes up^there on high income earners would negate this for them, and they fund it for the others that do receive it.
this is a compromise between the $15 (or higher) crowd and small businesses. a little lower fed min wage than what's being pushed, but then essentially doubled based on full time work via the tax credit all receive.
The wealthy, who have had help all their life but imagine they did it all on their own, see needing help when you're poor as a disgusting moral failing. Many of them will also call themselves Christians.
It's funny, I listened to Steve Bannon's war room the other day and he was demanding that they not touch social security and go after the elites and the NGOs instead. Can't imagine this will play well with the voters that swung towards the republicans
oh i'm sure the voters will do the same thing they always do.
Rabidly support it until its too late, then go full "I didnt think he was going to hurt MY social security! Its not me hes supposed to be hurting! Its the poors! and the minorities! Why is he hurting me?! I'm a loyal supporter!"
Don't worry, the cuts will drain social security just in time for when you go to collect. Current recipients will go un affected. I have no insider knowledge, I just understand that corporate America hates my generation.
well i guess it's a good thing nobody really needed that Social Security anyways /s
i'm impressed over and over again what kind of mental flexibility allows people to call themselves "followers of jesus" and then implement such regulations.
Lovely how this incredibly wealthy person is laser focused on making things worse for poor people. I suppose it's the usual ploy of making people as desperate as possible so people like him can prey on us more easily.
EDIT:
cuts to Social Security and Medicare are likely “on the table” as part of debt reduction efforts.
Medicare for all? More like Medicare for none.
So so shocked. But but they said that they would never go after social security.
Bring it, bitches. It's high time we face the consequences of our collective stupidity.
This is going to go down like a lead ballon, even with the 60+ year old MAGAs.
They will blame immigrants, single mothers, non-whites and LGBTQ+ people, and ignore the facts.
I hate to tell you but it won't. My in-laws fall into that category and I constantly watch them twist themselves into knots trying to justify this stuff. They would also rather do without insurance than watch someone "undeserving" get it for "free".