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A huge, mouth watering steak walks up to you and says, "There's no more food."
Thank you, I couldn't think of a better analogy
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.
It's funny at this point. Either the rich pay their share or we Mangione them. Tick tock musky. Tik fuckin tok.
I know a lot of bitter Boomers with bad health and nothing to lose, this could be an interesting year.
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.
No there the fuck will not be cuts to either thing.
Hahahahahahahaahahhaahahaaaaaaaahhahahahaa
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.
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.
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.
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‽
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?
And they still will!
At least until the next pandemic
"But they won't take away MY social security…"
For most boomers, this is true. It’s genx and younger that will suffer.
Disabled people will be first to be killed by this. It is already a Herculean task to be approved for SSDI and takes years for many despite clearly documented and proven disabilities. And it does not pay out enough for most recipients. That will only get worse if SSA is targeted. I am not legally allowed to state my opinion on this.
Interestingly enough, social security's disability trust fund has enough money to continue paying out until 2098; it's the old person part that's running out.
It should also be mentioned that it wouldn't be running out if they didn't cap the taxable income at $168,000. If you make $168,000 a year you pay the same social security tax as every millionaire and billionaire. BuT iTs InSoLvEnT
> some cuts
> the cuts:
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.
This could end badly for them. Old people without a means to continue surviving either have to continue working till they die, or die fighting the government.
Bill reacted to his death and resurrection into the Entity's Realm by treating it like Valhalla
So so shocked. But but they said that they would never go after social security.
I don't know what's more intriguing- the lies or the fact that his base doesn't notice it or doesn't care.
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.
All they have to do is tell them the reason it has to be done is LIBRULS and boom. All anger directed at Nancy Pelosi, all is forgotten.
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".
I'm sure they say that now, but I wonder what happens when they actually have to live it.
I have a feeling they will just grandfather people in, and reduce for future recipients.
I guess we're about to find out
They will blame immigrants, single mothers, non-whites and LGBTQ+ people, and ignore the facts.