Social security is the most successful poverty ending program in history. So much so that is has been copied by many countries. Elon wants rid of it. No one voted for that, no one wants that. I’m lucky enough to have a few pensions. My teaching job has given me a “Defined Benefit” pension and a “Defined Contribution” pension. The first is a traditional pension where the company you work for agrees to pay you a certain amount each month when you retire. The kind of pension our fathers and grandfathers may have enjoyed. The second is a more modern pension where you put money into an investment account and draw off it when you retire. Despite record growth in the stock market guess which one pays me more? As traditional retirement plans have disappeared, have average Americans become more secure in their retirement or less?
Privatizing Social Security will create massive poverty amongst our elderly. How do I know? We have already been there and done that. That’s why the program was created in the first place. Same with Medicare. If it were privatized costs would soar. How do I know that? Compare the efficiency of Medicare with a private health care plan. Many people have and Medicare always wins.
The Trump/Musk administration represents the greatest danger to the security and stability of our country since the Civil War. These are bad people and their plans for our country are a disaster. But I do know of one guy who’s cheering them on, but he lives in Russia.