this post was submitted on 10 Mar 2025
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Right-wing billionaires have long wanted to shred the safety net. Under Trump, they’re using lies and fears over the deficit to debilitate Social Security.

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[–] mrodri89@lemmy.zip 3 points 1 day ago

Pretty sure the true ponzii scheme is the stock market.

[–] collapse_already@lemmy.ml 1 points 1 day ago

If elected, my plan for saving social security:

  1. Remove the cap on social security withholding.

  2. Include capital gains in income for social security withholding purposes.

  3. Include unrealized capital gains in income for social security withholding purposes.

[–] mikenurre@lemmy.world 33 points 3 days ago (2 children)

“Poverty exists not because we cannot feed the poor, but because we cannot satisfy the rich.”

[–] Viking_Hippie@lemmy.dbzer0.com 1 points 3 days ago (2 children)

That's a great quote, do you know the origin?

[–] mikenurre@lemmy.world 5 points 3 days ago

I do not. But I think it will be the defining quote for this current oligarchy we are living through.

[–] kandoh@reddthat.com 2 points 3 days ago (1 children)

This quote is widely shared but often attributed to "Anonymous," with no definitive source identified.

[–] Carvex@lemmy.world 33 points 3 days ago (1 children)

Those who hate a senior safety net so much have never paid into it, thanks to the 176k tax limit.

[–] TokenBoomer@lemmy.world 23 points 3 days ago* (last edited 3 days ago)

Exactly:

A similar reform could be instituted today, say by lifting the cap on earnings that are taxable by Social Security (currently $176,100).

They don’t want to pay into or keep an insurance program that they will never need. To keep it solvent, they would have to pay more into it, and they don’t want to, so they just want to get rid of it.

[–] surewhynotlem@lemmy.world 10 points 3 days ago

It wasn't. Then in the 1980s, presidents started to spend the fund. Now it's very much like a ponsi scheme.

They just need to put the funds back and let it run like it should've. With interest.

[–] whotookkarl@lemmy.world 7 points 3 days ago

Fascists like Musk use words only as weapons, never to convey information. He doesn't care it's not a ponzi scheme, he just wants to scare idiots into making bad decisions he can profit from.

[–] Not_mikey@lemmy.dbzer0.com 3 points 3 days ago

Isn't this guy also really into crypto...

[–] tatann@lemm.ee 2 points 3 days ago* (last edited 3 days ago)

Social security is spelled "SS", I tought he would be worshipping it instead