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.
Conservatives have been wanting and trying to dismantle the SS since its inception.
I’m not that concerned just yet. There’s a reason it’s called the third rail of politics.
If I had to bet on the future outcome, they’ll raise the contribution cap to around $300k, maybe cut benefits a bit, fixing the solvency problem for at least a generation or two.
I’d also bet on an immigration deal in a future administration. Getting more workers/contributors into the system.
It honestly wouldn’t shock me if the Trump admin pivoted to amnesty just like Reagan. He’s a lame duck from day one. He’s not beholden to anything from the campaign trail. If he’s gotta choose the adoration of his voter base vs the donor base, he’ll choose the wealthy. He hates being excluded from the elites. You can’t buy class. But you can be invited to their parties, their clubs, their scene. His working class base has nothing left to offer him.
What I don’t get is why there is a cutoff such that the “contribution” that jerkoffs like Musk put in is basically negligible.
If anyone should pay and pay and pay some more, it’s people like Musk. I like Bernie’s idea of 100% tax above 999 million. Being a billionaire should not even be a thing.