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bucolic_frolic

(55,825 posts)
1. From the article
Thu Aug 14, 2025, 04:11 PM
Aug 2025

"Greszler says Social Security no longer serves its intended purpose of being a social safety net for low-income older adults and is far too large. She supports pursuing privatization, which includes allowing retirees to put their Social Security taxes into a personal investment account.

She also argues for shrinking the program to a point where every retiree would receive the same Social Security benefit so long as they worked the same number of years, which she argues would increase benefits for the bottom one-third of earners. How this would impact middle-class earners is unclear."

It was designed as support for old age living. It now acts more like an annuity, but without the investments behind it. Mega-millionaires can collect the max. I don't think there's a min.

But these proposals are sleight-of-hand for reducing benefits and conveying the program to private enterprise - Republicans on Wall Street - so they can make money and contribute to Republicans!

There are so many taxes no longer being collected it's difficult to understand how the government will fund anything.

Recommendations

6 members have recommended this reply (displayed in chronological order):

From the article bucolic_frolic Aug 2025 #1
They're just gonna steal it Eliot Rosewater Aug 2025 #2
What never seems to be said markodochartaigh Aug 2025 #7
Republicans will create another donut hole bucolic_frolic Aug 2025 #8
And with no new money coming in markodochartaigh Aug 2025 #9
Yes they will, at this point give Pedoprez no benefit of the doubt uponit7771 Aug 2025 #3
Social Security Advantage plan coming soon. Emile Aug 2025 #4
Exactly Eliot Rosewater Aug 2025 #5
Naw, no way. Well, maybe just on Day One. n/t malthaussen Aug 2025 #6
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