https://www.dailymail.co.uk/news/article-11808639/Senators-quietly-meeting-retool-Social-Security.html
Who runs the portfolio of stocks "on our behalf" because it will be easy to underperform and then have the obligation to raise taxes on the working class? This will decimate the working class and small business owners. This will create the largest transfer of wealth from the middle class to the elites and it will be codified into law. Red or Blue, this law would affect us all and we need to focus on shutting this **** down instead of focusing on pronouns and social issues that they are distracting us with.
WHEN it underperforms, the increase of our income taxes and businesses payroll taxes will be mandatory 'because it's the law' and the elite in DC will just say that their hands are tied.Quote:
A group of bipartisan senators is quietly meeting to retool Social Security before funds run out in 2032.
On the table, according to Semafor, is gradually raising the retirement age to 70 and creating a $1.5 trillion sovereign wealth fund, which would invest in stocks.
That fund would be separate from the already existing Social Security Trust Fund. If it underperformed, Social Security would be shored up by increasing the maximum taxable income and payroll taxes.
Who runs the portfolio of stocks "on our behalf" because it will be easy to underperform and then have the obligation to raise taxes on the working class? This will decimate the working class and small business owners. This will create the largest transfer of wealth from the middle class to the elites and it will be codified into law. Red or Blue, this law would affect us all and we need to focus on shutting this **** down instead of focusing on pronouns and social issues that they are distracting us with.
Quote:
Leading the efforts are Sens. Bill Cassidy, a Louisiana Republican, and Angus King, a Maine independent who caucuses with the Democrats.
Semafor and The Hill newspaper reported that other Republicans involved are Sens. John Cornyn, Mitt Romney and Mike Rounds.
This will destroy all of our families and this is not hyperbole.Quote:
Romney told the publication that he believed the Social Security bill would be introduced later this year.
'I'm not sure it'll pass this year, but obviously, it's a huge topic with enormous interest, and the fact that we have both Medicare and Social Security that are slated to become insolvent within a decade suggests that we need to make sure to save them.'