Watchdogs say world’s richest man Elon Musk has ‘declared war on social security’
Watchdogs say world’s richest man Elon Musk has ‘declared war on social security’
"Elon Musk's commission is a plot to destroy our Social Security by giving it to Wall Street executives—so that you get nothing and they get everything," warned one advocate.
Summary
Elon Musk amplified Senator Mike Lee’s calls to overhaul Social Security, labeling it a “nightmare.”
Lee, known for advocating the elimination of Social Security, Medicare, and Medicaid, criticized the program as deceptive and mismanaged.
Musk, co-chair of Trump’s advisory commission on cutting federal spending, faces accusations of aligning with GOP efforts to privatize or gut Social Security.
Advocacy groups denounce these moves as a threat to seniors and disabled Americans, warning that Republicans aim to shift earned benefits to Wall Street, despite broad public opposition to cuts or privatization.
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I'll never understand why billionaires hate OASDI...
The cap means no one pays more than 10.5k this year. That isn't even fucking pocket change to Musk or any billionaire.
their love of money overtakes their humanity. they lack empathy.
They never had any. They also never had any value to the Human race.
The most powerful people in the US acquired their power from privatizing Social Security in the form of retirement accounts.
The largest retirement account management companies are Vanguard, Blackrock, and State Street. They consolidate all of the power of the shares from all of the retirement accounts they manage, to give them board control of 89% of the S&P 500.
Those faceless firms are actually the ones who control the hardship index (price of food, housing, clothing, other essentials) that earned Trump so many “bad economy” votes.
The Misery index is about to go nuts
People like him have all the money they could ever need. This is about control, and punishing people they don't like (and those that don't fall in line and lick the boot).
Every dollar the working class has is a dollar they don't have to sell their labor to get.
They think the free market solves all problems. Anything the government does is bad and evil by definition.
Agreed. They are basically paying nothing into it.
They want us to pay into some privatized thing where they can take their fees and commissions.