Privatization of the retirement market has been a long-standing goal of capital, and private equity’s sights are turning to the Social Security Administration. truthout.org/articles/as-... - ThreadSky

truthout.org • 15 days ago

Privatization of the retirement market has been a long-standing goal of capital, and private equity’s sights are turning to the Social Security Administration.
https://truthout.org/articles/as-doge-mauls-social-security-profit-hungry-private-equity-is-swooping-in/

Comments

josphusanderson.bsky.social•15 days ago

A day is coming when these men will be running for their lives.

deni33cvg.bsky.social•14 days ago

Leave our Social Security alone!!

enteredhermind.bsky.social•14 days ago

Devastatingly bad idea. The people who would get the lowest Social Security payments, and would need those payments the most, would have the least understanding of the stock market.

gene-7.bsky.social•14 days ago

Privitization is not working so well for those of us being ripped off by the pharmaceutical companies!
Medicare for all!!

aviendha69.bsky.social•15 days ago

at this point, they might as well just 'Logan Run' the population and euthanize anyone once a decline in 'prime productivity' (by their standards) sets in.

clusterfuck.bsky.social•14 days ago

I figure I will be turned into Soilent Green any minute now.

paganqueen.bsky.social•15 days ago

They always have to ruin everything.

miss-spider.bsky.social•15 days ago

I was discussing this with a conservative who believes everyone should plan their own retirement. I said that we did that before and realized we needed a government program for it work for everyone. I asked if he cares that old people will be living and dying in the streets... he walked away.

clusterfuck.bsky.social•14 days ago

I did plan my own retirement. It tanked in 2008. I recouped part of it before I retired in 2021. And now it’s gone again. I’m over 70. I’m not gonna live long enough to recoup it. If I lose my SS as well, then what? This is McKinley’s economy, the Gilded Age. It was very profitable to

clusterfuck.bsky.social•14 days ago

millionaires and billionaires, but majorly destructive to the working poor and it’s what caused McKinley to earn a bullet in the head.

dhbtattoos.bsky.social•15 days ago

Yeah that 💩 is giddy for it. They cry about not enough kids cause they want a group of people to indoctrinate.

lstewartsc.bsky.social•15 days ago

Where ever there is a big pot of taxpayer dollars, Republicans are scheming a way to steal ("privatize") it.

falcon269.bsky.social•14 days ago

That is when the Ponzi scheme begins. Wall Street sucks fees from your money, but you are stuck with the capital fluctuations.

You have paid 12.2% of your income into Social Security. It is retirement, and no “new speak “ can turn it into anything else. Don’t listen to Musk’s propaganda.

forwardtogetherhub.bsky.social•14 days ago

Sadly, it's an obvious next objective. Anything where a profit can be squeezed out regardless of the consequences.

#WeThePeople

sistercs4him.bsky.social•14 days ago

😡

rocketmansparty.bsky.social•14 days ago

Chuck Koch and his network are funding efforts to privatize social security. While they have scrubbed the internet of the truth, I did find some information on their disaster in Chile:

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