General Discussion
In reply to the discussion: Have you noticed that the two presumptative nominees for the presidency....... [View all]FighttheFuture
(1,313 posts)First, SS has a lot of money. $3-4 Trillion, ultimately. All paid by working people over the years for their retirement and disability. Now, if they can get that $$ into the wall street casinos, where they are effectively "the House", then great. If they cannot then well, all those SS US Treasuries must be honored by us, the taxpayers, to make good on.
So that's the other track of the plan. The meme that they are just "worthless paper" and we may have to make it up so we should cancel those obligations of the United States to its citizens. See how that works... debt to others, China, Europe, Japan, the Rich, et. al. must be honored at all costs, debt to us... not so much.
Then the extra bonus as SS goes kaput by their machinations and toadied help is it forces people to put more and more of their meager savings into the Casino that is the Stock Market. Remember, I said they are "the House" so they will always skim their cut of your money in these semi-rigged and capricious system.
Finally, as disabled and older people have no safety net... well, they die off sooner. A real win-win!!! If your "the house" in that you do not need to expend as much resources on those pesky freeloaders whose productive working days (for the rich and corporations, "the House"
have past them by!!
The plan is simplicity itself. Just have to keep gnawing away at it slow enough so as to not rouse the ire of the rubes.
You see, the one thing the rich and poor have in common, everyone really, is their necks are still attached the same way, and they can die by very similar means. they don't want a French style revolution... but their uncontrollable lust of greed may well being one about.
It's a tough dynamic for the rich to not turn the heat up too fast in the pot of boiling water lest the Frog jump out. So far, they are succeeding.